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The apartment market has recovered extremely strongly in 2017, with prices for new projects spiking by more than 50% in EGP terms in New Cairo over the past 12 months. This is in contrast to the rental market, where values have declined by 24% in New Cairo. While rents are expected to soften further in some areas in the short term, the sales market is expected to record further gains in value in 2018.
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17 January 2018