Egypt: Investors are flipping new property developments within 30 days

In early November, Egypt’s central bank decided to remove its exchange rate restrictions and allow its currency, the Egyptian pound, to float freely. This was an attempt to solve the severe shortages of US dollars in the market as well Read More

Is now a good time to buy real estate in Egypt?

Since the flotation of the Egyptian pound, real estate prices have shot up. On average, real estate developers have increased their prices in Egyptian pounds by 15-20%. Of course, if you calculate the prices of real estate in US dollars, Read More

How Has the Floating of the Egyptian Pound Impacted Egypt’s Real Estate Market?

The resale market has frozen – but sales of new units are stronger than ever.  Here’s why. On November 3rd, 2016, the Central Bank of Egypt took the brave decision of floating the Egyptian Pound.  Over the past two months Read More