Real Estate News, Property Costs, Housing, Business Growth
Meanwhile, apartment growth has surged once more, to meet the rising demand from potential consumers who have been priced out of the housing market, or who cannot find what they want as a result of extreme shortage of properties on the market. It’s a stark distinction to just 10 years in the past when traders made up the smallest percentage of residential real estate transactions. According to the data, they now make up the biggest segment, and consultants say not solely is that driving up costs, it is making it increasingly difficult for these attempting to get into the market to compete in bidding wars.
Helal added that flight visitors of expatriates to Egypt grew by 150{7929bc45455c0110b4cf7b63bfbf32a07ac7e27687962dee4779a482f17c1fe3}, and the common offered real estate unit increased by 10{7929bc45455c0110b4cf7b63bfbf32a07ac7e27687962dee4779a482f17c1fe3}. Similarly, Hazem Helal, Commercial Director of DMG, stated that despite challenges of the COVID-19 pandemic, Egypt’s real estate sector has grown by 8{7929bc45455c0110b4cf7b63bfbf32a07ac7e27687962dee4779a482f17c1fe3} …