The real estate sector in Egypt is one of the most important economic sectors in the country, as it contributes about 7% of the growth rate. Referring to the evaluation of real estate in Egypt, experts emphasized that the national projects created a boom in the real estate sector, which reflects one of the most important indicators of the success of real estate investment in Egypt in the coming years. Despite the challenges that this sector faced starting from the last quarter of 2018 until the last year of 2019, experts in the sector confirm the existence of a state of optimism and positivity, whose features appear in the current year, based on the analysis of the real estate index in Egypt-2020.

The importance of real estate indicators
The importance of real estate indicators is represented in analyzing price movements in the real estate market, which greatly serves the various activists in the real estate sector in Egypt, whether tenants, landlords, and investors, including individuals, development companies, and even commercial banks that offer real estate financing loans. It is also one of the tools that contribute significantly to the analysis of the economic situation of any country. That is why it is very important to rely on the real estate index in Egypt 2020 to obtain a clear and correct form of the development of prices and demand in the sector according to the years, and based on the real estate divisions, whether they are represented in residential, commercial, industrial and even lands.

The calculation of the real estate index in Egypt 2020 depends on the use of several specific equations that are based on accurate statistics and data that are collected from different sources carefully. pointer.

Real estate market analysis based on the real estate index in Egypt for the year 2019
It is necessary to analyze the real estate market based on the real estate index in Egypt for the year 2019, in order to observe the various stages of development of this market, starting from last year until now, in order to obtain an accurate and clear view of the entire picture.

The real estate index for the second third of 2019 (April, May, June)
By observing the real estate index in Egypt for the second third of 2019, we find that in the month of April, demand declined by 4 percent, and it was expected that this decline in demand would continue during the holy month, with the exception of the part related to expatriates, as their interest in acquiring real estate increases during their travel period. back home.

And with the coincidence of the month of Ramadan with the month of May only, demand recorded already low levels, which is a natural matter that soon changed to notice the high level of demand again with the entry of the summer season, beginning in July, quickly and at a rate of 22 percent, to be the largest percentage recorded by demand in the real estate market. In Egypt during the year 2019, where the category of expatriates among Egyptian citizens represented 45 percent of this increase.

The real estate index for the third third of 2019 (July, August, September)
As for the real estate index in Egypt for the third third of 2019, the month of July witnessed a continuous increase in demand, as the percentage increased by up to 7 percent compared to the previous month. The largest of Saudi Arabia.

As for the month of August, although demand continued to rise, it was at a slower pace that was noticed in the middle of the month specifically, which is due to the Eid al-Adha holiday. The increase rate reached 4 percent and stabilized at this limit, until September, which marks the end of the real estate boom in Egypt coinciding with The end of the summer season, and thus decreased demand and the value of the real estate index.

The real estate index for the last third of 2019 (October, November, December)
In the last third, the real estate index in Egypt for the year 2019 showed a decline in demand beginning in October, when its level reached 3 percent, and the demand trend continued to decline in November at a rate of 3.83 percent.

Demand did not stop at this level, but continued to decline during the month of December, by 3 percent, despite the competitive offers offered by many real estate and development companies. This decrease is likely to be due to the natural decline in demand during the winter season.

The real estate index in Egypt- 2020 is a “promising” year
By looking at the real estate index in Egypt 2020, starting from last January, we notice that the real estate market has regained its dynamism, which is reflected in the high level of demand, recording a rate that reached 6 percent this month compared to December last year. Experts stress that the year 2020 will be a promising year in which the sector will record positive results at various levels.

Engineer “Tareq Shoukry”, who is the head of the Real Estate Development Chamber, explained during his statements that this year carries signs that call for optimism, indicating that the continuous decline in the price of the dollar against the Egyptian pound, as well as the low inflation rate, are among the most important positive factors that support the real estate market in the country. currently.

He added that one of the most important incentives to revitalize the real estate sector in Egypt is the international exhibitions that are organized abroad by many companies, which had a great impact in promoting real estate and the intensive emergence of Egypt in several countries, which contributed to the greater attraction of foreign capital. And promoting investment by presenting a good image of the country and the existing projects there.