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Research

Report

Cairo Real Estate Market Overview - Q2 2015


​All sectors of the Cairo real estate market continued to exhibit positive performance and improved sentiment during Q2 2015. The Egypt Economic Development Conference hosted in March has resulted in approximately USD 125 billion of investments in Egypt, coming mainly from Saudi Arabia and the United Arab Emirates. These investments have contributed to positive economic sentiment, with the IMF upgrading their forecasts for real GDP growth for 2015 and 2016 to 4.0% and 4.4% respectively.

While there have been delays to the political roadmap and continued opposition from some sectors, the government has been generally successful at maintaining stability and security throughout the country. This has played a major role in the increased rat​e of economic growth currently experienced and has also benefitted the real estate sector.

The hotel sector has performed particularly well over the past quarter, but there has also been growth in rentals across parts of the office, residential and retail markets which all remain in the upturn sector of their rental cycle.

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