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Thndr Claps » EGY Claps » Real Estate 🏡 » Effect of EGP depreciation on real estate companies🏠

Effect of EGP depreciation on real estate companies🏠

by Shams Abbas
November 1, 2022

The Clap
Real estate companies expect the EGP depreciation to affect them significantly.

Deets
Analysts expect real estate companies to hike unit prices between 10-15%, as development costs are expected to increase 10-12%.

Ezz Steel (ESRS), for example, hiked the price of rebar steel, which is used in buildings construction, by 11%.

Example
Palm Hills (PHDC), for example, is set to increase unit prices by 10% starting next week.

More deets
Price hikes are expected to come for types of units, whether commercial, residential, & office spaces.

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