Cairo real estate market overview- Q1 2019
Performance remained strong across all sectors of the Cairo real estate market in Q1 2019. The residential sector registered mixed performance, with sale prices slowing over the quarter, while rental rates increased on the back of limited supply of rental property in Greater Cairo. The office sector continued to witness healthy growth levels, with integrated office parks within residential gated communities performing strongly. Retail rents remained stable during Q1 but increased over the past year, with further growth expected in the rest of 2019. The hotel and tourism sector witnessed sturdy growth levels, with occupancy rates increasing to 77% in the year-to-February 2019. Enhanced security measures, reforms in the tourism sector, and improved public relations and publicity campaigns all contributed to this growth.
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