Real estate experts forecast real estate prices in Egypt
According to many forecasts and analyzes of real estate experts in the Egyptian market, 2020 is likely to be a promising year for the real estate sector. Where officials and real estate developers believe that the continued decline in the price of the dollar against the Egyptian pound, in addition to the decrease in the inflation rate, is one of the most important indicators that highlight the positive development of the investment curve in this field. The head of the Real Estate Development Chamber stated that the increase in real estate prices in Egypt now will not exceed 5 percent, especially with the start of housing fourth-generation cities.

The impact of real estate market indicators on real estate prices in Egypt now
The real estate sector has faced several major challenges since the end of the last quarter of 2018, and despite this, real estate prices in Egypt are now characterized by positiveness. The head of the Real Estate Development Chamber, “Tariq Shoukry,” explained in a press statement that this year will witness a boom in the real estate market, indicating Until the decline in the value of the hard currency “the US dollar” against the value of the Egyptian pound, as well as the decline in the inflation rate in the country, is one of the most important indicators of the real estate market that positively affects real estate prices in Egypt now.

Among the most important factors helping to increase the percentage of foreign investment that Egypt clearly attracts are foreign real estate exhibitions, as Egypt has an intense presence in a large number of countries that entered through these exhibitions to its scope and painted a distinctive image for its real estate market in the minds of the host countries.

Engineer Tariq Shoukry praised the great role of the Real Estate Development Chamber, which works to motivate companies to participate in exhibitions, whether internal or held abroad in particular, referring to the support and facilities provided by the Ministry of Housing to developers and owners of real estate companies whose products constitute these exhibitions, and the Ministry is also keen to be present. She represents the Egyptian government and works to answer all inquiries related to the real estate sector in Egypt and ways to invest in it.

Real estate price levels in Egypt now
Real estate price levels in Egypt are now witnessing, according to statements by responsible authorities in the Real Estate Development Chamber, a slight increase that will not exceed 5 percent, which is an increase commensurate with the inflation rate for this year 2020, and with the continued positive impact of indicators in the real estate market such as the decline in the dollar price and the decline in building materials prices. The raw materials represented in iron and cement will remain constant and stable.

In addition, the efforts of various real estate companies are intensifying in providing facilities and attractive offers to customers by extending the installment period and reducing the value of the down payment, and some offer offers without a down payment as well, with an extended payment period of up to 10 years. Where the meeting of all these factors in the companies' offers is indirectly considered the decline in real estate levels in Egypt now, because what matters to most customers in reality is the period of paying the installments more than the price reduction per square meter.

In fact, the stability or relatively high real estate prices in Egypt now, despite the positive indications of a decrease in the prices of building materials and the value of the dollar, is due to a major factor, which is the price of land, which now constitutes up to 50 percent of construction costs, which leads to non-registration. A significant decrease in the prices of real estate units, whether residential, commercial or even industrial.

However, the head of the Real Estate Development Chamber confirmed that the facilities provided by the companies are more important to the customer than a slight reduction in the price per square meter, which may not exceed 500 pounds.

Characteristics of the real estate market in Egypt
The most important characteristic of the real estate market in Egypt today is the start of housing the first phase of the fourth generation cities, especially the new administrative capital and several other cities such as New Mansoura, East Port Said, New Alamein, Galala and others, which are among the best new cities in Egypt as well. What shows the movement of activity known to the sector.

As for the expectations of real estate prices in Egypt now, Dr. Ahmed Shalaby, a “real estate developer,” stated that it will not witness a significant increase, especially in light of what the sector knows of positive indicators on price levels, which we have previously referred to, “the price of the dollar, and the decline in materials prices.” construction and inflation rate.

As for the slight increase in prices, “Shalaby” explained that it came as a result of the rise in labor wages, the percentage of corporate insurances as well, in addition to the percentage of risk faced by real estate development companies, as what is being built today will not be delivered except within a period ranging between 3 to 4 years, which is one of the most important factors taken into account when pricing real estate.

What the real estate market currently offers of great facilities has made real estate prices in Egypt now stabilize and stabilize at a rate of increase ranging from 5 to 10 percent as a maximum. Despite the prevailing conditions of decline in building materials, the decline in the value of the hard currency “the US dollar” against the Egyptian pound, as well as the decline in the rate of inflation in the country, this increase was due to several factors, most notably the rise in labor wages and the increase in the prices of building lands granted by the state. However, on the other hand, the positive side appears through the loans provided by the Central Bank and the various facilities provided by the real estate companies, whether by extending the installment payment periods or reducing the percentage of the down payment and sometimes canceling it. All of this represents a great opportunity for customers who seek to obtain housing units that suit their financial capabilities. .