There are currently numerous meetings taking place among different parties in the real estate sector in an effort to find solutions to the increasing prices of building materials.
The prices of building materials have been increasing significantly and consistently since the decision to devalue the Egyptian pound.
One of the proposed solutions is for customers to bear any increases in unit prices if the prices of building materials increase by more than 20%. Another suggestion is to price units in dollars and collect payment in Egyptian pounds.
Madinet Nasr Housing’s (MNHD) CEO has stated that it is expected that real estate unit prices will increase by 20% in the near future.
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