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Research

Report

Cairo Real Estate Market Overview - Q2 2012


​Key Highlights:

Egypt is entering unchartered waters following the appointment of its first democratically elected President in June 2012. While the election of Mohamed Mursi (Muslim Brotherhood), passed relatively peacefully, the new President now faces a number of challenges to restore confidence in the economy and resolve the uncertainties that have plagued the real estate market over the past 18 months.
Our Q2 2012 Cairo Real Estate Overview concludes that while many real estate projects have seen significant delays, the demand for major retail and commercial projects and the need for more affordable housing is ensuring that significant levels of new supply remain under construction. Egypt's real estate market is expected to flourish in the medium term. This potential will however only be realised once the current uncertainties are addressed and investors have a clearer idea of where Egypt is heading under President Mursi.

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