The residential sector in Egypt is driven by many factors, amongst which: a strong demand with a supply gap of 3 million residential units in 2020, a growing population of over 100 million people mostly young people, and a general drive to buy real estate as either an investment hedging against inflation or for their children due to the continuous increase in prices based on infomineo latest reports.
Residential development will largely remain the domain of the state, owing to the fact that large-scale housing projects must be affordable enough for the average Egyptian. It is not only the government that spares no effort to reinforce the country’s realty sector, Egyptian property developers are the main wheel in shaping the market.
Mostly young Egyptians are generally derived to buy real estate as new home or as a preferred investment and hedging against inflation. Nevertheless, other age groups of home seekers and investors are still considered a large served segment in terms of demand found in the market today.
Generally, the real estate sector in Egypt has been on the rise in contribution to its GDP for the fact that it is a relatively safe haven for investment and the demand is always increasing. A gradual increase in ROI with minimum 20% has been witnessed in this particular sector of the market even during the pandemic due to high demand and limited supply.
The Real Gate is the first exhibition to encompass a wider inventory of the new and recent varieties of residential properties aiming to attract customers with high interest in investing and home seekers.