Egyptian real estate market between rising demand and new projects

Egypt is studying the creation of new real estate projects

Investment and housing ministers discussed with Egypt's president the construction of an investment project in the new city of al-Alam in northern Egypt, the Egyptian investment ministry said.Sahar Nasr, Minister of Investment and Mohammad al-Dahr, president of Egypt's reconstruction, on Saturday inspected the proposed land for the project, the ministry said in a statement.The statement was devoid of any financial estimates or schedule.The country's reconstruction investment portfolio in Egypt is about 53 billion pounds according to its website."A number of projects are being set up in the new administrative capital," said the painter in the statement. New science, in Cairo and South Sinai as part of its eagerness to support the Egyptian economy and contribute to the creation of jobs for young people. "Al-Abbar had an interview with Egyptian Investment minister last week to discuss the construction of projects in the new administrative capital.One of Egypt's most important reconstruction projects (August Town Cairo), which is 4.5 million square meters, is located at an altitude of 200 meters above sea level and a project moorland, which is located on the Mediterranean coast of 6.5 square kilometers and the Mevida project, is 3.8 million square meters in the fifth assembly in Cairo.Mustafa Medpoli, housing minister, said in the statement that his ministry was ready to "allocate suitable land to the Emirati investor... In the new (science) partnership with the Government to ensure that the area is suitable for completion of the project as soon as possible. "

This comes in the light of the expansion of the Egyptian real estate investment Market, while Egypt's real estate market indices are high.

Egyptian real estate market index rising by map

The map showed an increase in real estate demand in Egypt in the months of the summer of 2017, with the demand rising for the second consecutive month, reaching 3017 points, bringing a monthly increase of 12 percent compared to June.The demand is expected to continue to rise in August, and the demand will then be reversed with the entry of Eid-ul-Adha and the school season entering the month of September.The site of the Map property registered growing demand for the north Coast region in the new tourist sector, Cairo, Sunrise, Sheikh Zayed and October in the residential sector.The value of the Map property index is calculated using a combination of figures based on accurate numbers and statistics collected from the Mapper property search engine, which contains more than 100,000 real estate units, in addition to the existence of approximately 1 million visits to the site on a monthly basis.Economic and statistical data are also relied upon to help assess the overall situation of the real estate sector in Egypt to improve the value of the index.