Cairo Egypt Real Estate

While other sectors could be badly affected by the crisis, as CSO Landmark Sabbour would put it, the impact on the real estate sector is manageable. While the current situation affects a number of sub-sectors, such as the real estate sector, most have remained stable, with the office sector in particular showing strong development. Although developers are supposed to go bust, this would not be pleasant, but it would certainly not be a disaster, as it is a relatively safe investment and demand is constantly rising. Indeed, despite the fact that government guarantees have been signed, the real estate sectors have continued to rise, owing to the ever-increasing demand for real estate in Egypt.

Overall, however, this is a surprisingly low-risk way to intervene in the developing market's growth story, and is relatively safe for investors.

The interesting thing is that it is not only the private sector that is interested in digitalisation. The Egyptian government is not the most solvent government, but the state guarantee is an amazing deal, because it is a priority project with strong political support. The government continues to support the sector most affected by the pandemic by allowing companies to pay income tax in three instalments instead of one.

Egypt's central bank has cut the interest rate by 300 basis points and set the borrowing rate at 10% to 25%. If you pay over 10 years, you effectively take out a fixed loan, and if you pay it off in 10 years, it is worth $1.5 billion.

Many experts and property developers believe this will not affect the housing market, because people are still having to buy homes and the market is weak at the moment. They could push ahead with their plans, but rental yields are low because a big offer would only come in when people moved out. Even if the currency depreciates, there is a good chance that house prices will be compared to inflation, especially with prices so low. At some point it may well happen, and if it devalues, you pay less and less because markets are weak now.

The office space market in Cairo will remain tiered and while demand for small, equipped primary offices is high, demand for flexible office space is expected to decline in the short to medium term. Given the high demand for high-quality offices in Cairo, we are cautious about the timely delivery of projects and do not expect them to impact the years 2021-2022.

The digital transformation of the sector is inevitable, as the growth of social media and the rise of online commerce in the real estate sector demonstrate. If you would like to learn more about Mohamed, the founder of Zamelek, and his company, you can contact him directly at mohamed @ Mohamed studied in Poland and completed his postgraduate studies in Germany, so he can help you in English. For real estate agents or even rental needs in Zameselk that require investment, please contact Monica Lamberto at monica @

If you would like to discuss your internationalization and diversification plans, please send me an e-mail or book a consultation session. Egypt is facing strong growth, and this article is a good starting point for you to read the 8 reasons for this, as mentioned in my article on the Egyptian economy. This is an article that you should read first, but also anyone interested in Egypt's economy and why it is "heading for stronger growth." If you want to see the real estate market in Cairo and Egypt in general and read more about it, you can go to the website of the Egyptian Real Estate Association.

Egypt's economy is growing faster than any other country in the Middle East and North Africa, according to the World Bank.

Air pollution is much lower, housing stock is brand new, and schools, hospitals, and universities are safe. They have modern facilities, are green, have many parks and pools, are greener and safer than in other parts of the world.

A common way for people to get deals is to look around certain buildings they like and ask the men who work in those buildings if there are apartments for sale. Many buildings have no windows, but the owners randomly decide to add them, and the developers will try to sell the apartments to people like Sheikh Mohammed bin Zayed al-Nahyan and his family. Throughout the city, there are stunning historic buildings, even in the former centre of British colonial rule, with few exceptions, such as the Al-Azhar University building.

It is hard to imagine how such apartments could cost less than $1,000 / m2 in a few years, but when prices are so low, it means developers don't make big margins, so you don't pay much more than the price of a one-bedroom apartment in the middle of the city. Although he says he negotiated a price of 10% (haggling is done in Egypt), he ended up with $385,000, which includes renovation and acquisition costs.

More About Cairo

More About Cairo