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Cairo Real Estate Market Overview - Q4 2012

​Key Highlights:

The optimism and relative stability experienced following the election of President Mursi in mid 2012 has receded in recent months, with 2012 closing out to a combination of political unrest, street demonstrations and delays to key economic reforms. These events contribute to a negative short term backdrop to the Cairo real estate market and show the extent of the challenges that remain.

Despite the depressed nature of the Egyptian economy, a number of foreign retail brands continue to enter the market. According to the Egyptian Franchise Development Association (EFDA), the franchise sector has been on the rise over the last 15 years, growing from 25 international brands in 1999 to 430 in 2012.

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