Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate
Egypt’s Real Estate Development Chamber to propose new financing mechanisms in coordination with CBE
These successes were based on the continuous follow-up of market developments, cooperation with the Housing Committee in the House of Representatives, and government support to discuss the most important challenges facing real estate market.
Banks pump EGP 51bn to 454,000 customers as part of real estate financing initiative for low-income people
Banque Misr came in second place with total financing of EGP 12bn for 104,300 customers with a share of 22.7%, while the Housing and Development Bank came in third place with financing amounting to EGP 6.512bn directed to 69,301 customers with a share of 12.2%.
Hisham Talaat Moustafa presents 3 recommendations for real estate sector development
Moustafa praises state’s role in accelerating pace of urban development
Real estate stakeholders discuss sector’s challenges at Egyptian Economic Conference 2022
Real Estate Development Chamber will organize exhibition on sidelines of Economic Conference to promote sector’s investment opportunities in Egypt
Egypt’s commercial real estate stock maintains its position as a cost-effective investment: Fitch
It added that government efforts to increase foreign investment and boost private sector activity in the economy should prove positive for the commercial real estate market.
Egypt’s real estate sector represents 20% of GDP: ACUD
The NAC’s second and third phases will be launched by the beginning of 2023
Egypt’s real estate performs well in times of crisis: Savills
Savills projected that some mergers, acquisitions will happen in Egypt’s real estate market in coming period
E- SYSTEMATECH for digital real estate solutions launched with EGP 200m capital to enhance sector capabilities
“The new company will enhance capabilities of the real estate market on the one hand, and on the other hand supports credibility of real estate market through a digital database system capable of serving more than 1.2 million real estate marketers around the world, which crosses the Egyptian real estate product from local to global,” Elbatrawy stated.
Businessmen’s Association, RERA discuss facilitating real estate registration procedures
Vice-Chairperson of EBA Fathallah Fawzy stated that the real estate market in Egypt has suffered from difficulties in real estate registration, with the lack of activation of the in-kind registry law.
OLX Egypt announces most in-demand areas in real estate market
OLX highlighted the top five housing projects that are in demand by the customers on OLX, namely Madinaty, Hyde Park in New Cairo, Al Rehab City, Taj City, and Mountain View iCity.
Real estate stocks top EGX in August with turnover of EGP 7.1bn
The banking sector came in the second with a trading value of EGP 4.5bn and a trading volume of 139.95 million stocks, followed by the non-banking financial services sector with a trading value of EGP 3.6bn and a volume of 2.7 billion stocks.
Egypt’s real estate projects need official unified platform to be exported: Federation of Chambers of Commerce
This is especially so since Egyptian real estate is one of the cheapest in the region.
Banks and companies injected EGP 46.368bn in Egypt under the Real Estate Financing Initiative
The Social Housing and Mortgage Finance Support Fund revealed in a report on Sunday that the banks provided real estate financing worth EGP 44.335bn to about 411,000 customers, while the volume of funds pumped by real estate finance companies amounted to EGP 2.193bn.
Real estate developers believe Egypt’s property market capable of absorbing shocks
Cabinet’s property sale rules is good step, contributes to regulating sector, say developers
AkamAlRajhi Developments: Egyptian-Saudi partnership to develop urban real estate projects
In a press conference to announce the partnership, Abdulwahab Saleh AlRajhi, Chairperson of AlRajhi Saudi Group, stated that Saudi businessmen are happy to invest in Egypt, especially with the tremendous development the country is witnessing, under the leadership of President Abdel Fattah Al-Sisi, who paves the way for more investment opportunities and increases chances of Egyptian-Saudi partnership.
Real estate, automotive sectors affected by local currency devaluation: OLX Egypt
The study showed a 15% reduction in real estate listings during June compared to May, and 35% decline in June car listings compared to March.
President Al-Sisi’s directives to market Egyptian real estate properties abroad will make market more alluring
The 7th Edition of the Nile Properties Exhibition is expected to kick off in June and will showcase 25 to 30 projects
TMG’s real estate sales jumped to EGP 5.37bn in March
27% growth in group profits in 1Q 2022
Al-Sisi ratifies amendments to real estate brokerage law
Law obliges Ministry of Trade to establish register for real estate brokers
Inflation, currency fluctuation create opportunities for world firms to invest in Egypt’s real estate sector
‘We are looking forward to having approximately 100 companies in Cityscape Egypt 2022, says Alexander Edwards
Real estate developers halt property sales as building materials’ costs soar
The Central Bank of Egypt (CBE) clarified in a statement that the Russian-Ukrainian conflict led to an increase of domestic inflationary pressures, consequently, the Monetary Policy Committee decided to increase the key policy rates by 100 basis points.
EGY MAPS launches real estate online platform collecting 100 projects in NAC
Chairperson of EGY MAPS, Mohamed Hamza, said that the company decided to showcase projects in the NAC on the platform due to its importance as a smart and sustainable city that is witnessing an urban boom with wide diverse projects, in addition to a strong demand from clients for the projects in the city.
Russian-Ukrainian war to take a toll on Egypt’s real estate sector: Stakeholders
Ramy Saleh, Chief Business Development Officer at Al-Marakby Steel, said that the war between Russia and Ukraine is greatly affecting the iron and steel industry in the world, not only Egypt, especially since Russia is one of the top 10 countries in steel production globally, and Ukraine is among the top 20.
Research centres expect inflationary wave to hit real estate in 2022
15% cost increase expected in building materials this year: Al-Ahly Pharos
Real estate sales of Talaat Moustafa Group jump to EGP 32.4bn in 2021
TMG’s Noor City project’s sales reached a record EGP 15bn within three weeks and EGP 18.5bn by the end of the year.
Egypt’s real estate market is most fortunate sector in 2021
Additionally, despite the challenges of the COVID-19 pandemic, Egypt’s real estate sector has grown by 8% since the beginning of the year.
ADVA Developments plans to direct EGP 2bn in Egypt’s real estate market within 5 years
Al-Shennawy added that “Ad-Vida” will be the company’s first project in Sheikh Zayed City on an area of 5 feddan, and will comprise 30 villas.
Platform Leaders gearing up to launch ‘Homes’ for real estate in Egypt
The new platform will include all the syndicated information related to the real estate projects, investment areas, and opportunities in all new cities and other existing cities. Accordingly, the platform is considered a reliable reference for all those wishing to invest and buy properties in Egypt.
Egypt exports $500m worth real estate within only few days: Tatweer Misrchief
Current inflationary wave proves real estate sector’s resilience, says official
Egypt’s real estate market to recover in 2022: Developers
Real estate records 8% growth since this year