The outlook is positive despite house prices falling.

The outlook for Egypt’s housing market is improving, fuelled increasing construction and home sales, as well as a positive economic outlook.

The real estate market is rising in terms of investments as it is a relatively safe investment and the demand is always increasing.

Also, Egypt’s housing market is widely expected to improve in the coming years construction is booming to meet demand.

Consider the situation from the perspective of the wealthy Egyptians. If he lives abroad, Egyptian property has suddenly become much less expensive, because of the currency Consommation. In July 2019, the average exchange rate changed from EGP 16.61 per USD 1 to 15.703 EGP per USD in Jan 2021. There is a big, real demand for housing in Egypt, as the country’s population increases annually and there are a million marriages taking place every year. 

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