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JLL, the world's leading real estate investment and advisory firm, has released its fourth quarter (Q4 2014) Cairo Real Estate Market Overview report, which provides the consultancy's perspective on the latest trends in the office, residential, retail and hotel sectors in the market.
Commenting on the report, Ayman Sami, Head of Egypt Office at JLL MENA, said: "In the second half of 2014, Cairo's real estate market showed signs of strengthening in the residential market and stability in the commercial sector due to new projects announced recently. Cairo's office landscape expansion will increase the total stock across Greater Cairo and rents will be stable across all the commercial locations. Developers are now able to progress with stalled projects, and the high level of delays witnessed in recent years is therefore likely to decline. As confidence returns , the Ministry of Tourism continues to promote a number of mega investments across the country, 2015 could see major new hospitality projects announced in Cairo."
Sector summary highlights, Cairo Market Overview, Q4 2014:
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