Egypt's real estate market to remain robust, driven by steady economy, local buyers

Despite earlier fluctuations and the effects of Covid-19 pandemic, Egypt’s real estate sector is making a comeback and will remain robust for the foreseeable future, analysts and developers told Arabian Business. The confidence is mainly due to recent steps taken by the government and the Central Bank to bolster the sector, Egyptians’ steady appetite for investing in real estate, and the overall outlook of the economy, seen as one of the most stable in an otherwise volatile Middle East region. With an increase in population of about 2.5 million people annually, it is unlikely that demand for real estate in Egypt will diminish any time soon. Streets in Cairo swarm with massive billboards...