Egypt’s real estate is on the rise, but whether it will still allow her to move to the top?
For several years in the central regions of one of the cities of Egypt – Cairo there is an influx of new inhabitants. This kind of new infusion gives the city new forces and, spreading through it with human streams, revives city life.
If you consider directly visitors, it becomes clear that private companies are striving here, as well as the companies larger. Of course, such a tributary of new inhabitants cannot but affect the increase in the rate of construction and, as a result, on the increase in the cost of real estate in this area of Egypt.
How long this trend will be – no one knows. Analysts find it difficult to determine the end of this peculiar boat. In the meantime, the construction continues, and the all kinds of demand in real estate is hardly trying to cover the country’s construction companies.
The situation that takes place in Cairo at this stage is a kind of derivative that demand is tendency to significantly exceed the proposal. It is thanks to this that price instability cannot yet reach its peak and prices have not yet stabilized, as this usually happens.
As a result, the global financial crisis did not have its pernicious influence on the general situation with real estate in Cairo. But not everything is so rosy in this sunny city.
The main threat of the current outwardly favorable situation is inflation. Its very high pace, significantly interfere with the development of the economy of this miracle of the country. The real estate market is in this situation not in the most favorable position.
Pretty funny, at first glance, the nuance is the fact that the developers made the main emphasis on the acquisition of the new luxury. But in view of the not high level of need for this type of housing, its implementation is still delaying the rapidly developing market of cheaper housing type Town House. This circumstance can perhaps attribute to a certain kind of Cairo problem.
But not everything is so sad. Egypt banks provide a more expensive construction of a kind of support, providing mortgage loans to citizens at low interest, which many indigenous people give a great chance to purchase housing at their request, and not in their capabilities, which is very, very important.
If the bets are still stable, then the rate of construction and development will also remain stable. After all, as already indicated above, even the world crisis failed to turn the situation in its negative side.
If we take into account the uniqueness of the Egyptian market, as well as a kind of expansion of the banking economic sector in the direction of real estate, it becomes obvious that the Egyptian real estate market, in general, in particular, in particular with its new part, represent an excellent opportunity for investments for prolonged investments on a long -term period.