Egypt's Real Estate Market Defies Economic Challenges...
International News
September 27, 2024
Despite ongoing economic difficulties, property prices in Egypt have surged, reflecting a resilient real estate market. Analysts attribute this increase to various factors, including limited housing supply, ongoing infrastructure projects and foreign investment interest. Many Egyptians are investing in real estate as a hedge against inflation, leading to heightened demand in urban areas. This trend raises concerns about affordability for average citizens, as housing becomes out of reach.