The Clap
According to recent reports, the real estate sector is expected to see a significant increase in prices, with estimates ranging from 20-40%.
What
This increase is attributed to the rise in building material costs resulting from the devaluation of the Egyptian Pound.
So what
On a positive note, there has been an increase in demand for real estate from Egyptians living abroad, due to the weaker currency making it more attractive for them to invest in the local market.
Now what
The real estate sector is currently exploring ways to mitigate the impact of these market conditions, such as pricing properties in foreign currency and collecting payments in local currency.
