With a greater demand for housing in new cities such as the New Administrative Capital but also New Alamein, New Mansoura, New Sphinx, New Obour and West Assiut among others, the market is witnessing the deliveries of a large number of projects for primary & secondary housing. Cairo and its surrounds are expected to house up to 40M people by 2050.
The launch of the Central Bank of Egypt new real estate financing initiative for middle income of EGP 50bn and the raising of the credit limit and payment facilities made by real estate developers will encourage and facilitate new buyers to own their first property.