Latest in Tag: Real Estate Highlight
Latest in Tag: Real Estate
Cairo’s real estate market remains stable despite pandemic in Q2 of 2020
Egyptian government continues to support sectors most impacted by pandemic, with initiatives such as allowing corporates to pay income tax in three instalments
Real estate customers adopt ‘wait-and-see’ strategy amid COVID-19 fallout
Despite economic implications of current crisis, Egypt’s real estate sector anticipates strong return once crisis is over, says Sigma Capital
SODIC postpones launch of EGP 2bn real estate projects
Company has EGP 7.7bn liquidity sources, of which EGP 2.7bn is in cash and equivalents
Banque Misr, FEI sign cooperation protocol to stimulate real estate financing
Banque Misr signed the protocol as part of its vision to stimulate the real estate market and provide adequate housing for all segments of society. The protocol also comes in line with the state’s desire to provide mechanisms that contribute to the development of the real estate market.
Real Estate developers face changing customer tastes post-Covid-19
Less office space, greater home comforts potential new trends in customer real estate tastes in post-pandemic period
Royal increases New Cairo real estate investments to EGP 150m in 2020
The company aims to expand in the New Narges and Beit El Watan suburbs in the coming period, to meet the growing demand in these areas.
Homes Real Estate anticipates EGP 750m sales for developers by year-end
Company achieved sales of EGP 500m for developers in various NAC projects in past year
COVID-19 to accelerate real estate company digitisation: Developers
Government, real estate developers can cooperate to preserve real estate market in face of health crisis
Real estate developers more optimistic than brokers, consumers during COVID-19: Aqarmap
Developers to reduce marketing, construction costs during crisis by 50%-75%, says Aqarmap
Housing Ministry to facilitate quicker real estate project development
El-Gazzar met with a number of investors and developers on Thursday to review the current status of their projects in the 10th of Ramadan City.
Real estate sector restarts sales, despite COVID-19: RE/MAX Al Mohager
Full real estate sector recovery expected in one year, though less sales expected due to crisis says Degheady
Al-Sisi ratifies law amending real estate tax
The amendments aim to minimise tax liability on factory owners and encourage certain productive sectors and strategic services.
NAC real estate developers promise punctual project delivery
Construction work has not stopped despite Covid-19 outbreak with projects remaining on schedule, say developers
20% increase in real estate sales projected following COVID-19
El Shehry added that the local real estate market remains, so far, unaffected by the ongoing pandemic. He highlighted that, although there had been a slowdown in sales, companies have yet to record losses or a halt in sales.
Real estate companies stand against Coronavirus
As for the sites in the projects, Fekri elaborated that the company provided antiseptics and masks to workers, and a list of instructions for preventing the virus spread followed by periodic follow-up of workers.
Real estate developers differ on Covid-19’s possible effects on local sector
The Egyptian real estate market mainly relies on domestic demand, therefore, no harm is expected on the industry, they explained.
General Developer system key to advancing Egyptian real estate
Chairperson and Managing Director of Orientals for Urban Development (OUD) Asser Hamdy said that the general developer model were successful in some new cities, such as Marsa Alam, but they require the availability of required customer services.
Egypt interested in exporting properties, targeting foreign clients, investors
Branded residences most attractive for foreigners
Egy Move organises 4 real estate exhibitions in governorates in 2020
The first expo will take place in March, he said, adding that another event will be organised every quarter in 2020.
FRA approves amendments to Capital Market Law to ease regulation of real estate funds
The amendments would allow more flexibility in the funds’ investment policies by solving some problems faced in this type of funds. The suggested amendments were discussed in community dialogue sessions managed by the FRA with such funds’ representatives.
The Address to launch new project in Sheikh Zayed 3Q2020
Company will probably complete marketing The MarQ’s second phase in 1Q2020, says board member
3rd Think Commercial roundtable looks upon real estate developers’ plans in 2020
Towards more innovative, competitive real estate market, role of general developer in market
Plan to attract more Arab, foreign investments in Egypt real estate sector
NUCA is one of the biggest agencies attracting investments in Egypt, whether foreign or local
Namaa for Development considers debuting real estate investment fund
Company launches Capital One project in new capital with EGP 2bn investments
Parliament to discuss draft law regulating proposed Real Estate Developers Federation
Real Estate Development Chamber to form a committee for property export, says chamber deputy head
Egypt to participate in UAE, Saudi Arabia’s IPS in March
EGP 600m in pre-sales for exhibitors at the IPS Riyadh
2019 paved road for promising real estate sector in new year
Moreover, the most prominent issues the market faced last year was liquidity and low purchasing power. Real estate stakeholders expect that it will be one of the challenges that will face the market in the new year due to high prices of services with fixed wages.
Housing Ministry meets Egypt’s SWF funds to offer investment opportunities in real estate
Abbas told Daily News Egypt that there was no specific land allocated for the fund as of yet, but the ministry provides them with investment opportunities and technical support for real estate projects.
Property Finder expects a strong boost in real estate sales
The boost is supported by four main elements, the launch of the Central Bank of Egypt (CBE) for the real estate financing initiative for middle income of EGP 50bn, the fall in the price of the dollar against the Egyptian pound, the raising of the credit limit, and payment facilities made by real estate developers.
Egypt’s real estate sector to decelerate in 2020
2H19 to be stronger, driven by new project launches toward the end of the year