{"id":10,"date":"2019-10-18T01:46:42","date_gmt":"2019-10-18T01:46:42","guid":{"rendered":"https:\/\/demo2wpopal.b-cdn.net\/rehomes\/2019\/10\/18\/advertising-relationships-vs-business-decisions\/"},"modified":"2023-10-18T12:01:21","modified_gmt":"2023-10-18T12:01:21","slug":"egypts-real-estate-sector-witnesses-steady-momentum","status":"publish","type":"post","link":"https:\/\/mngegypt.com\/ar\/egypts-real-estate-sector-witnesses-steady-momentum\/","title":{"rendered":"Egypt\u2019s Real Estate Sector Witnesses Steady Momentum"},"content":{"rendered":"
The real estate market is full of changes that affect the prices, the behavior of buyers or renters, the flow of investments, and most importantly our decisions.<\/p>\n
When seeking insights about the market, one may acquire preliminary information from magazines or through informal channels such as friends. Nevertheless, decision-making necessitates reliance on evidence and data-driven analysis.<\/p>\n
This is where Market Watch report by Property Finder emerges as a reliable resource. It brings you a full analysis and insights about Egypt\u2019s market in Q1 2023, according to our data.<\/p>\n<\/picture><\/figure>\n
Highlights<\/strong><\/h2>\n
Find below the highlights of the market during the first quarter of 2023.<\/p>\n
\n
Egypt witnessed a rising demand for property ownership, driven by currency devaluation and construction costs.<\/li>\n
The residential and mixed-use real estate sector recorded\u00a0522<\/strong>\u00a0ongoing projects worth\u00a0USD 309.9 billion<\/strong><\/li>\n
17 projects with a combined value of\u00a0USD 1.304 billion<\/strong>\u00a0were delivered in Q1 2023<\/li>\n
According to Property Finder\u2019s findings for Q1 2023.<\/li>\n<\/ul>\n
Investments Inflow in Property Development.<\/strong><\/h2>\n
There are major investments that are taking place in the market, which reflect how the property sector is still developing. This is according to Property Finder\u2019s data; find below the detailed insights.<\/p>\n
\n
The residential and mixed-use real estate sector recorded\u00a0522<\/strong>\u00a0ongoing projects worth\u00a0USD 309.9 billion<\/strong>.<\/li>\n<\/ul>\n
\n
The ongoing real estate projects in Egypt across\u00a021<\/strong>\u00a0governorates; not just that, they have reached advanced stages of development, with roughly\u00a052%<\/strong>\u00a0halfway through.<\/li>\n<\/ul>\n<\/picture><\/figure>\n
\n
There are key investment destinations in the country like Cairo and Gize. Each has attracted residential real estate investments with varying percentages.\n
Q1 2023 saw eight developers starting construction on 9 projects in 4 different cities with an estimated total cost of\u00a0USD 1 billion<\/strong>; it\u2019s expected to increase to\u00a015 projects<\/strong>\u00a0in the next quarter.<\/li>\n<\/ul>\n
\n
The majority (44%) of the new projects are located in Cairo, while Giza is home to\u00a033%<\/strong>, mainly in New Zayed City.<\/li>\n<\/ul>\n
\n
During Q1 2023, Egypt witnessed the delivery of\u00a017<\/strong>\u00a0projects with a combined value of\u00a0USD 1,304 million<\/strong>. This represents a\u00a031%<\/strong>\u00a0increase in terms of volume and a 32% hike in value compared to Q1 2022.\n
Around\u00a024%<\/strong>\u00a0of these projects are located in Cairo, with New Cairo being the focal point of development; this is because it has\u00a050%<\/strong>\u00a0of the city\u2019s delivered projects and contributes an impressive\u00a092%<\/strong>\u00a0to their total value.<\/li>\n<\/ul>\n
\n
Giza Governorate is home to\u00a018%<\/strong>\u00a0of the delivered projects with a total value of\u00a0USD 108.5 million<\/strong>.<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"
The first thing you need to do is sit down and set your goals. Diana Scharf Hunt said \u201cGoals are dreams with deadlines.\u201d A lot of times, people are thrown off by the idea of taking the time to set their goals.<\/p>","protected":false},"author":1,"featured_media":4294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\n
Egypt\u2019s Real Estate Sector Witnesses Steady Momentum - MNG Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mngegypt.com\/ar\/egypts-real-estate-sector-witnesses-steady-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Real Estate Sector Witnesses Steady Momentum - MNG Egypt\" \/>\n<meta property=\"og:description\" content=\"The first thing you need to do is sit down and set your goals. 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