Leading with"The future of a homeland": The Egyptian real estate market will witness great prosperity
Engineer Mohamed Al-Rahwan, Assistant Secretary for Planning the Capital of the “Future of a Nation” party, said that the Egyptian real estate market will witness remarkable prosperity and growth during the current year according to indicators of “Fitch Solutions,” which says that the Egyptian real estate market will witness growth during the year 2025. By 20 to 25% per year 2024.
Al-Rahwan added, in a statement today, Friday, that the real estate market in Egypt will not witness a real estate bubble because it does not depend primarily on bank loans in its financial behavior. Pointing out the possibility of a decline in the increase in real estate price growth without entering into The stage of real estate recession.
The Assistant Secretary for Capital Planning of the “Future of a Nation” party revealed that the Egyptian real estate market is promising and is witnessing more demand and the ability to meet the needs of all segments of society and Arabs. And foreigners, which contributes to transforming the Egyptian real estate market from a local market to an international market that can meet the needs of foreign investment in the real estate market in the next stage.
He expressed his optimism. The Real Estate Developers Union Law will soon be passed to regulate the Egyptian real estate market and address the phenomenon of land brokers, explaining that the growth rate of real estate prices reached between 40 to 60% last year, and it is not expected that the growth rate of real estate prices during the current year will exceed the level of 20%.
- For more: Elrisala website and for social networking, you can follow us on Facebook
- Source of information and images “rosaelyoussef”“
