Investment in the real estate sector in Egypt is taken as a safe haven for investors with the forever-increasing demand for commercial and residential real estate projects due to the gap of supply for a growing population of more than 100 million people.
The forecasted total household spending in Egypt to reach USD209bn in 2024, up from USD145bn in 2020. With the current resilient positive economic growth rate of 3.6% in fiscal year 2020/21 despite the pandemic, all the government’s plans and development efforts to leverage the real estate market and infrastructure in new cities made Egypt one of the booming and outperforming real estate markets in the region.
