Political stability boost the Egyptian real estate market
All the sectors of the egyptian real estate market have witnessed a remarkable improvement during the first quarter of 2015 dune to economical growth and political stability.
A new analysis from JLL ( international real estate firm ) says that this improvement is a natural reaction to the announcement of the new mega real estate project ( The New Capital ). which will serve as an extension to new cairo. definitely will attract the population to the east.
This report shows that the sale prices continue to increase at the first quarter of 2015. Also the retails rental prices is at its highest rates.
During the first quarter of the year 250 units were completed in Al Rehab City, New Cairo, in addition to 640 units in the Zayed, increasing the current supply to around 106,000 units. A further 31 residential developments are expected to complete in the rest of 2015 including ( Palm Hills- Mountain View- Better home ). ten of which will be in the second quarter, adding an extra 30,000 units to the current supply.