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

Where Should You Buy Your Egyptian Summer Home

With the increase in dollar prices, traveling abroad for summer vacation costs more than double what it used to cost. When you factor in the airplane tickets, accommodation, food, and social events, the amount you will need to spend abroad Read More

These are the Five Most Expensive Houses in Egypt

  In a socially utopian world, sayings such as “El-beit beitak” (which translates to ‘My house is your house’) would spread amongst people, denoting a community welcoming of one another. However, reality is quite the contrary where people live in Read More

October Plaza – SODIC – Launch: February 13th

SODIC’s newest compound, October Plaza is launching soon! Building on the success of Kattameya Plaza in the East of Cairo, October Plaza is located in 6th of October City, only a few minutes away from SODIC West, Mall of Arabia and The Shooting Club. With unit areas ranging from 157 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