Real Estate in Egypt: A Vibrant Industry |
Posted: July 20, 2016 |
According to recent news, real estate activity in Egypt is quite healthy, even in the wake of the social and political issues of the last few years. Industry watchers emphasize that recent political stability has helped create strong demand. One sector of note is the “second-home” buyer. Egyptians who have a home in another country have shown increasing interest in owning a second home – in their native country. In 2015 alone, some market studies show a shortage of approximately 100,000 residential units. Industry veterans also note that devaluation of the Egyptian currency against the dollar has accounted for significant activity. Demand and Prices It is quite reasonable to expect that because of the short supply, demand for residential property will continue to be strong, though this also means higher prices in many areas. A report from just a few weeks ago stated that real estate prices in general could rise 25% or more during this calendar year. Companies specializing in Egypt real estate now have thousands of listings, with properties ranging from small, suburban apartments to large homes in gated communities. The locations have just the amenities people are looking for, including swimming pools, clubhouse facilities, and more. One of the keys to success in this vibrant segment of the industry is accuracy in listing. When a property is described as a beautiful apartment in a specific location, that is exactly what you will find when you visit with a representative of the leading firms. One industry expert has stated that Egypt is an excellent portal to the real estate world throughout the Middle East and Northern Africa. This attracts many individuals who are interested in investment property – landlords who purchase for rental income. Sellers Take Notice Those who own property and want to sell, for a variety of reasons, will always look for a real-estate professional who is a specialist in Egyptian properties. Living where they work puts these experts in a position to find exactly the right property for an individual, a couple, a young family, or a retired couple who need a place to enjoy their golden years. As with many other locations around the world, the real estate business in the Middle East and Northern Africa can be accessed online, with most leading companies offering investment property, single-family homes, apartments, and other units on meticulously kept websites. Using these sites has become the first choice for finding a tenant to sublease an apartment, yet another sector of the industry that seems to be thriving in Egypt. So, whether you are an individual buyer, a seller looking to move a property, a tenant searching for suitable living quarters, or a landlord who wants to expand their holdings, there are top portals for every need. They focus only on the north of Africa and the Middle East, which means they are always up to the minute in a fast-moving field. Expertise such as this can make your real estate transaction efficient and stress-free.
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