![\"Real](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/\u0633\u0648\u0642-\u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a-\u0662\u0660\u0662\u0660-1-1-800x534.jpg\")
<\/figure>\n\n\n\n1. What Were the Primary Expectations for 2020? And What Is the Current Situation? <\/strong><\/h2>\n\n\n\nRegarding the primary expectations, Mohamed Hammad says, \u201cBefore the spread of the pandemic it was expected that the real estate market will witness a rebound in 2020. Real estate experts expected 2020 to be the recovery for Egypt’s real estate market sales which have decreased in 2019. Palm Hills and Emaar, the two leading and top-ranking real estate companies in the market, had their sales decrease in the past year compared to 2018.\u201d<\/p>\n\n\n\n
He continues, \u201c2020 was expected to be the light at the end of the tunnel but with the current situation it turned out to be the opposite, because of the Coronavirus pandemic and the freeze of work at many companies. Moreover, working from home became a must and everyone is staying home. The real estate market has slowed down in the current time and what\u2019s next is still vague.\u201d<\/p>\n\n\n\n
Hammad added, \u201cIn this unstable period, most of the companies have a defect in the wages and expenses paying systems, in addition to everything that is related to the monthly payments consequently influencing the cash flow. This may lead to the closure of these companies and it will be a must, since 90% of the companies worldwide may find the decrease of the cash flow a reason to stop ongoing business.\u201d <\/p>\n\n\n\n![\"Expectations](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a--800x534.jpg\")
<\/figure>\n\n\n\n2. Lately, Different Markets Have Been Affected by the Spread of the Corona Pandemic and the Precautions Taken by the Government, Have This Also Affected the Real Estate Market in Egypt?<\/strong><\/h2>\n\n\n\nHammad confirmed saying, \u201cSure this has deeply influenced the real estate industry in Egypt negatively, especially after limiting the sales activities for most of the companies. The purchasing cycle became harder than before, starting from meeting up with the clients to taking them to preview the available units whether for buying or renting.\u201d\u00a0<\/p>\n\n\n\n
Then he followed saying, \u201cWhat has newly happened is that the government has requested from the contracting companies to proceed with work actively. Consequently, it\u2019s expected that the situation will get better gradually in the upcoming period. Since we mentioned before that the real estate market has just slowed down, not completely paralyzed, this led to an increase in the demand on the resale units in terms of prices, features, and conditions.\u201d\u00a0<\/p>\n\n\n\n
\u201cLastly, when things go back to normal, it\u2019s expected that a huge breakthrough\u00a0will happen to the real estate market as what was supposed to happen in 2020. The Central Bank has issued a 3% decrease in interest which has encouraged people to invest in the real estate market lately.\u201d <\/p>\n\n\n\n![\"Egypt](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/\u062a\u0648\u0642\u0639\u0627\u062a-\u0627\u0654\u0648\u0644\u064a\u0629-800x534.jpg\")
<\/figure>\n\n\n\n3. Have the Government\u2019s Recent Decisions Like Decreasing the Interest Percentage in the Banks Affected the Real Estate Market and How? <\/strong><\/h2>\n\n\n\nResponding to the effect of the interest percentage decision in the banks, Hammad says, \u201cWe can\u2019t deny the effect of this decision, but it had a weak impact due to its issuing time. Once the interest decreased, directly afterwards Al Ahly Bank and Banque Misr launched Certificates of Investment with 15% revenue. After this decision, many people started to withdraw their money and deposit it at banks that offer the certificate. We can say that 40 Billion EGP has been withdrawn in nearly 10 days, and of course, due to the movement of this huge amount of money between the deposits this has undoubtedly affected the real estate market and especially resale.\u201d<\/p>\n\n\n\n![\"Interest](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/\u062e\u0641\u0636-\u0646\u0633\u0628\u0629-\u0627\u0644\u0641\u0648\u0627\u064a\u0654\u062f-1-2-800x534.jpg\")
<\/figure>\n\n\n\n4. We Witnessed the Cancellation of the Biggest Real Estate Fairs and One of Them Is Cityscape, How Has This Affected the Real Estate Development Companies and the Consumers? <\/strong><\/h2>\n\n\n\nHammad expressed his opinion in this regard saying, \u201cCityscape is considered the start of the real estate season in the beginning of the year; it has been delayed in 2020 because of the Coronavirus. This has negatively influenced the sales target of real estate companies because the majority of the companies find Cityscape a great opportunity to show their special offers. At the top of these companies is \u201cPalm Hills\u201d who were planning to introduce the 10-year installment with zero interest payment plan.\u201d\u00a0<\/p>\n\n\n\n
\u201cConcerning the consumers, they lost their chance to take advantage of many attractive offers which are gathered in one place, as a result, the digital platforms became the consumer\u2019s plan B to search for special offers.\u201d\u00a0<\/p>\n\n\n\n![\"Cityscape](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/\u0645\u0639\u0631\u0636-\u0639\u0642\u0627\u0631\u0627\u062a-1-2-800x534.jpg\")
<\/figure>\n\n\n\n5. Has the Real Estate Sector Witnessed Any New Initiatives to Face the Current Crisis in Egypt? <\/strong><\/h2>\n\n\n\nIn the light of what the market has witnessed, there weren\u2019t many effective initiations from the real estate sector; Hammad has confirmed this saying, \u201cActually, the real estate sector didn\u2019t make initiations; on the contrary, some companies have asked for postponing the land\u2019s installments but the government refused.\u201d\u00a0<\/p>\n\n\n\n![\"New](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/\u0645\u0628\u0627\u062f\u0631\u0627\u062a-1-1-800x530.jpg\")
<\/figure>\n\n\n\n6. What Are the Real Estate Companies That Survived and Haven\u2019t Been Affected by the Current Situation in the Country?<\/strong><\/h2>\n\n\n\nWe all expect an economic disruption during the crisis; Hammad has emphasized on this by saying, \u201cUnfortunately, we can\u2019t say that there are companies secured against the crisis as we always see companies with different positions in the market negatively affected. In addition, the crisis is still ongoing so we can\u2019t determine the losses.\u201d\u00a0<\/p>\n\n\n\n![\"Change](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/\u0644\u0645-\u062a\u062a\u0627\u0654\u062b\u0631-1-2-800x534.jpg\")
<\/figure>\n\n\n\n7. What Is the Decision That the Central Bank Took to Lessen the Burden on Real Estate Companies? <\/strong><\/h2>\n\n\n\nFrom all the issued decisions in the meantime, there\u2019s a decision that Hammad clarifies, \u201cThe Central Bank has omitted some companies from the blacklist of the credit query; thus, it is easy to apply for a loan nowadays. Previously, they used to keep an eye on every detail of\u00a0 information and statistical data.\u201d\u00a0<\/p>\n\n\n\n
8. What Are the Measures That Property Finder Has Taken to Support Its Clients? <\/strong><\/h2>\n\n\n\nProperty Finder has taken a number of measures that include three main offers: <\/p>\n\n\n\n
- 50% discount on the subscription of the first three months<\/li>
- 30% discount for those who pay the subscription value in advance<\/li>
- Lastly, April is for free. <\/li><\/ul>\n\n\n\n
According to the measures that Property Finder has taken, Hammad says, \u201cAs the company mainly depends on real estate marketing and development companies, we decided to support those companies by offering them April for free for all the clients.\u201d <\/p>\n\n\n\n![\"Decisions](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/shutterstock_1012456639-1-800x534.jpg\")
<\/figure>\n\n\n\n9. What Are the Companies That Will Be More Affected or Have Been Affected due to the Coronavirus Crisis?\u00a0<\/strong><\/h2>\n\n\n\nThe Coronavirus crisis affected many companies in different fields, Hammad says, \u201cUndoubtedly, <\/strong>the most affected companies are the real estate developers because their profits depend on commission. This means that the profits are recorded only after signing the contracts with their clients; that is why a large percentage of the company\u2019s capital is in the market most of the time obviously.\u201d<\/p>\n\n\n\n![\"Crisis\"](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/\u0627\u0644\u0627\u0654\u0632\u0645\u0629-1-800x534.jpg\")
<\/figure>\n\n\n\n10. In Order to Present a Complete Vision of the Market\u2019s Directions, Is It Possible to Monitor the User\u2019s Behavior During the Current Situation?<\/strong><\/h2>\n\n\n\nAccording to the search rates, most of the people who want to buy are looking for open places: houses with a garden and swimming pools or with roofs and spacious areas overlooking the outside view. In addition, customers\u2019 needs are unpredictable, as in the meantime none will buy except those who aim to have their own unit.\u00a0<\/p>\n\n\n\n
When we monitored users\u2019 behaviour during the past four months on Property Finder\u2019s website, we found that the rates of demand on the apartments with sizes from 160 to 200 meter square are increasing. This proves the theory of expanding to create enough space so they can take advantage of it during this time.\u00a0<\/p>\n\n\n\n
However, apartments are always on the top of the search but the searching engines of Property Finder have found an increase in the search rates of villas with about 18%.<\/p>\n\n\n\n![\"The](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/\u062a\u0648\u062c\u0647\u0627\u062a-\u0627\u0644\u0633\u0648\u0642-1-1-800x417.jpg\")
<\/figure>\n\n\n\n11. With the increase of the crisis, Will the Company Have a Special Way Through the Digital Platforms to Reach the Consumer?<\/strong><\/h2>\n\n\n\nHammad says, \u201cYes and most of the digital marketing platforms have reflected an increase in customers and website users. Most of the real estate customers tend to surf through digital platforms which will surely reflect on the market. They use them to preview and choose the units online instead of doing this on the ground, as this may cause an infection with Coronavirus. Therefore, those who offer good content to the user win the current competition.\u201d<\/p>\n\n\n\n![\"real](\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/\u0639\u0642\u0627\u0631\u0627\u062a-online-1-1-800x534.jpg\")
<\/figure>\n\n\n\n12. What Is the Message That We Want to Deliver to our Clients in the Current Time?\u00a0<\/strong><\/h2>\n\n\n\nProperty Finder has shown its clients a positive side as they are its partners in success. Hammad expressed his message to the clients saying, \u201cAlthough we know how difficult the crisis is, especially as it\u2019s happening for the first time for everyone, we are extremely optimistic. Property Finder will keep supporting its clients whether in the current time or in the future, because we believe that better days are coming and the light at the end of the tunnel is real; not just that, we will also pass this crisis safely\u201d<\/p>\n\n\n\n
Finally, Property Finder will always be supporting its customers; we are aware that achieving success isn\u2019t possible by one side only but through the cooperation of all sides.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …<\/p>\n","protected":false},"author":17,"featured_media":10581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[65],"tags":[96,92],"yoast_head":"\n
Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg\" \/>\n<meta property=\"og:description\" content=\"There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Propertyfinder.eg\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T11:11:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-27T11:11:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iman Youssef\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#website\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/\",\"name\":\"Propertyfinder.eg\",\"description\":\"Egypt's #1 property site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.propertyfinder.eg\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"contentUrl\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"Real Estate market in Egypt\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#webpage\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\",\"name\":\"Breaking Down Egypt's Real Estate Market in 2020 - 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Egypt\u2019s #1 Real Estate Portal - hosted an event in Dusit Thani Lakeview Cairo on the 10th of May, 2018 in the presence of Property Finder Group CXOs - Michael Lahyani CEO, Lukman Hajje CCO, Simon Comina CFO, Hamza Chaoui CMO, Paul Stewart-Smith\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Propertyfinder Egypt's Broker Event 2018","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2018\/06\/Broker-Event.jpg","width":300,"height":"auto"},"classes":[]},{"id":24935,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/real-estate-brokers-in-egypt\/","url_meta":{"origin":10556,"position":1},"title":"Top 10 Real Estate Brokers in Egypt According to Property Finder","date":"November 20, 2024","format":false,"excerpt":"Navigating the real estate market in Egypt can be tricky, but it's much easier through its top brokers. Whether you want to rent, buy, sell, or even invest, they will guide you thanks to their great expertise in the market.\u00a0 Through this guide, you will find the top 10 Real\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"\u0627\u0633\u0645\u0627\u0621 \u0634\u0631\u0643\u0627\u062a \u062a\u0633\u0648\u064a\u0642 \u0639\u0642\u0627\u0631\u064a","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2024\/11\/shutterstock_2264295713-1-1.jpg","width":300,"height":"auto"},"classes":[]},{"id":2836,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/egyptian-real-estate-market-trends-2017-vs-2016\/","url_meta":{"origin":10556,"position":2},"title":"The Egyptian Real Estate Market Trends in 2017 vs. 2016","date":"October 26, 2017","format":false,"excerpt":"The real-estate sector is one of the dominant sectors in the Egyptian market as it plays a major role in the development of Egypt\u2019s economy. 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This article is your quick and inclusive guide to know\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Cityscape Egypt 2024","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2022\/09\/305636254_468130031867414_5617978468473414305_n-1.jpg","width":300,"height":"auto"},"classes":[]},{"id":7027,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/120-m-investment-in-propertyfinder\/","url_meta":{"origin":10556,"position":4},"title":"$120 Million Investment in PropertyFinder Led by General Atlantic","date":"November 27, 2018","format":false,"excerpt":"One of the largest investment rounds raised by a technology company based in MENA region has been raised to Propertyfinder Group! PropertyFinder has secured $120 million investment by one of the best global growth equity firm headquartered in New York, \"General Atlantic\", in exchange for a minority stake in the\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2018\/11\/news-2.jpg","width":300,"height":"auto"},"classes":[]},{"id":19615,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/market-watch-q1-2023\/","url_meta":{"origin":10556,"position":5},"title":"Market Watch: Egypt’s Real Estate Sector Witnesses Steady Momentum","date":"June 20, 2023","format":false,"excerpt":"The real estate market is full of changes that affect the prices, the behavior of buyers or renters, the flow of investments, and most importantly our decisions.\u00a0 When seeking insights about the market, one may acquire preliminary information from magazines or through informal channels such as friends. Nevertheless, decision-making necessitates\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Market Watch Q1 2023","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/06\/Blog-167.jpg","width":300,"height":"auto"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556"}],"collection":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/comments?post=10556"}],"version-history":[{"count":15,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions"}],"predecessor-version":[{"id":10584,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions\/10584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media\/10581"}],"wp:attachment":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media?parent=10556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/categories?post=10556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/tags?post=10556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/figure>\n\n\n\n2. Lately, Different Markets Have Been Affected by the Spread of the Corona Pandemic and the Precautions Taken by the Government, Have This Also Affected the Real Estate Market in Egypt?<\/strong><\/h2>\n\n\n\nHammad confirmed saying, \u201cSure this has deeply influenced the real estate industry in Egypt negatively, especially after limiting the sales activities for most of the companies. The purchasing cycle became harder than before, starting from meeting up with the clients to taking them to preview the available units whether for buying or renting.\u201d\u00a0<\/p>\n\n\n\n
Then he followed saying, \u201cWhat has newly happened is that the government has requested from the contracting companies to proceed with work actively. Consequently, it\u2019s expected that the situation will get better gradually in the upcoming period. Since we mentioned before that the real estate market has just slowed down, not completely paralyzed, this led to an increase in the demand on the resale units in terms of prices, features, and conditions.\u201d\u00a0<\/p>\n\n\n\n
\u201cLastly, when things go back to normal, it\u2019s expected that a huge breakthrough\u00a0will happen to the real estate market as what was supposed to happen in 2020. The Central Bank has issued a 3% decrease in interest which has encouraged people to invest in the real estate market lately.\u201d <\/p>\n\n\n\n<\/figure>\n\n\n\n3. Have the Government\u2019s Recent Decisions Like Decreasing the Interest Percentage in the Banks Affected the Real Estate Market and How? <\/strong><\/h2>\n\n\n\nResponding to the effect of the interest percentage decision in the banks, Hammad says, \u201cWe can\u2019t deny the effect of this decision, but it had a weak impact due to its issuing time. Once the interest decreased, directly afterwards Al Ahly Bank and Banque Misr launched Certificates of Investment with 15% revenue. After this decision, many people started to withdraw their money and deposit it at banks that offer the certificate. We can say that 40 Billion EGP has been withdrawn in nearly 10 days, and of course, due to the movement of this huge amount of money between the deposits this has undoubtedly affected the real estate market and especially resale.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n4. We Witnessed the Cancellation of the Biggest Real Estate Fairs and One of Them Is Cityscape, How Has This Affected the Real Estate Development Companies and the Consumers? <\/strong><\/h2>\n\n\n\nHammad expressed his opinion in this regard saying, \u201cCityscape is considered the start of the real estate season in the beginning of the year; it has been delayed in 2020 because of the Coronavirus. This has negatively influenced the sales target of real estate companies because the majority of the companies find Cityscape a great opportunity to show their special offers. At the top of these companies is \u201cPalm Hills\u201d who were planning to introduce the 10-year installment with zero interest payment plan.\u201d\u00a0<\/p>\n\n\n\n
\u201cConcerning the consumers, they lost their chance to take advantage of many attractive offers which are gathered in one place, as a result, the digital platforms became the consumer\u2019s plan B to search for special offers.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n5. Has the Real Estate Sector Witnessed Any New Initiatives to Face the Current Crisis in Egypt? <\/strong><\/h2>\n\n\n\nIn the light of what the market has witnessed, there weren\u2019t many effective initiations from the real estate sector; Hammad has confirmed this saying, \u201cActually, the real estate sector didn\u2019t make initiations; on the contrary, some companies have asked for postponing the land\u2019s installments but the government refused.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n6. What Are the Real Estate Companies That Survived and Haven\u2019t Been Affected by the Current Situation in the Country?<\/strong><\/h2>\n\n\n\nWe all expect an economic disruption during the crisis; Hammad has emphasized on this by saying, \u201cUnfortunately, we can\u2019t say that there are companies secured against the crisis as we always see companies with different positions in the market negatively affected. In addition, the crisis is still ongoing so we can\u2019t determine the losses.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n7. What Is the Decision That the Central Bank Took to Lessen the Burden on Real Estate Companies? <\/strong><\/h2>\n\n\n\nFrom all the issued decisions in the meantime, there\u2019s a decision that Hammad clarifies, \u201cThe Central Bank has omitted some companies from the blacklist of the credit query; thus, it is easy to apply for a loan nowadays. Previously, they used to keep an eye on every detail of\u00a0 information and statistical data.\u201d\u00a0<\/p>\n\n\n\n
8. What Are the Measures That Property Finder Has Taken to Support Its Clients? <\/strong><\/h2>\n\n\n\nProperty Finder has taken a number of measures that include three main offers: <\/p>\n\n\n\n
- 50% discount on the subscription of the first three months<\/li>
- 30% discount for those who pay the subscription value in advance<\/li>
- Lastly, April is for free. <\/li><\/ul>\n\n\n\n
According to the measures that Property Finder has taken, Hammad says, \u201cAs the company mainly depends on real estate marketing and development companies, we decided to support those companies by offering them April for free for all the clients.\u201d <\/p>\n\n\n\n<\/figure>\n\n\n\n9. What Are the Companies That Will Be More Affected or Have Been Affected due to the Coronavirus Crisis?\u00a0<\/strong><\/h2>\n\n\n\nThe Coronavirus crisis affected many companies in different fields, Hammad says, \u201cUndoubtedly, <\/strong>the most affected companies are the real estate developers because their profits depend on commission. This means that the profits are recorded only after signing the contracts with their clients; that is why a large percentage of the company\u2019s capital is in the market most of the time obviously.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n10. In Order to Present a Complete Vision of the Market\u2019s Directions, Is It Possible to Monitor the User\u2019s Behavior During the Current Situation?<\/strong><\/h2>\n\n\n\nAccording to the search rates, most of the people who want to buy are looking for open places: houses with a garden and swimming pools or with roofs and spacious areas overlooking the outside view. In addition, customers\u2019 needs are unpredictable, as in the meantime none will buy except those who aim to have their own unit.\u00a0<\/p>\n\n\n\n
When we monitored users\u2019 behaviour during the past four months on Property Finder\u2019s website, we found that the rates of demand on the apartments with sizes from 160 to 200 meter square are increasing. This proves the theory of expanding to create enough space so they can take advantage of it during this time.\u00a0<\/p>\n\n\n\n
However, apartments are always on the top of the search but the searching engines of Property Finder have found an increase in the search rates of villas with about 18%.<\/p>\n\n\n\n<\/figure>\n\n\n\n11. With the increase of the crisis, Will the Company Have a Special Way Through the Digital Platforms to Reach the Consumer?<\/strong><\/h2>\n\n\n\nHammad says, \u201cYes and most of the digital marketing platforms have reflected an increase in customers and website users. Most of the real estate customers tend to surf through digital platforms which will surely reflect on the market. They use them to preview and choose the units online instead of doing this on the ground, as this may cause an infection with Coronavirus. Therefore, those who offer good content to the user win the current competition.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n12. What Is the Message That We Want to Deliver to our Clients in the Current Time?\u00a0<\/strong><\/h2>\n\n\n\nProperty Finder has shown its clients a positive side as they are its partners in success. Hammad expressed his message to the clients saying, \u201cAlthough we know how difficult the crisis is, especially as it\u2019s happening for the first time for everyone, we are extremely optimistic. Property Finder will keep supporting its clients whether in the current time or in the future, because we believe that better days are coming and the light at the end of the tunnel is real; not just that, we will also pass this crisis safely\u201d<\/p>\n\n\n\n
Finally, Property Finder will always be supporting its customers; we are aware that achieving success isn\u2019t possible by one side only but through the cooperation of all sides.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …<\/p>\n","protected":false},"author":17,"featured_media":10581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[65],"tags":[96,92],"yoast_head":"\n
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This article is your quick and inclusive guide to know\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Cityscape Egypt 2024","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2022\/09\/305636254_468130031867414_5617978468473414305_n-1.jpg","width":300,"height":"auto"},"classes":[]},{"id":7027,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/120-m-investment-in-propertyfinder\/","url_meta":{"origin":10556,"position":4},"title":"$120 Million Investment in PropertyFinder Led by General Atlantic","date":"November 27, 2018","format":false,"excerpt":"One of the largest investment rounds raised by a technology company based in MENA region has been raised to Propertyfinder Group! PropertyFinder has secured $120 million investment by one of the best global growth equity firm headquartered in New York, \"General Atlantic\", in exchange for a minority stake in the\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2018\/11\/news-2.jpg","width":300,"height":"auto"},"classes":[]},{"id":19615,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/market-watch-q1-2023\/","url_meta":{"origin":10556,"position":5},"title":"Market Watch: Egypt’s Real Estate Sector Witnesses Steady Momentum","date":"June 20, 2023","format":false,"excerpt":"The real estate market is full of changes that affect the prices, the behavior of buyers or renters, the flow of investments, and most importantly our decisions.\u00a0 When seeking insights about the market, one may acquire preliminary information from magazines or through informal channels such as friends. Nevertheless, decision-making necessitates\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Market Watch Q1 2023","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/06\/Blog-167.jpg","width":300,"height":"auto"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556"}],"collection":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/comments?post=10556"}],"version-history":[{"count":15,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions"}],"predecessor-version":[{"id":10584,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions\/10584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media\/10581"}],"wp:attachment":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media?parent=10556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/categories?post=10556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/tags?post=10556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/figure>\n\n\n\n3. Have the Government\u2019s Recent Decisions Like Decreasing the Interest Percentage in the Banks Affected the Real Estate Market and How? <\/strong><\/h2>\n\n\n\nResponding to the effect of the interest percentage decision in the banks, Hammad says, \u201cWe can\u2019t deny the effect of this decision, but it had a weak impact due to its issuing time. Once the interest decreased, directly afterwards Al Ahly Bank and Banque Misr launched Certificates of Investment with 15% revenue. After this decision, many people started to withdraw their money and deposit it at banks that offer the certificate. We can say that 40 Billion EGP has been withdrawn in nearly 10 days, and of course, due to the movement of this huge amount of money between the deposits this has undoubtedly affected the real estate market and especially resale.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n4. We Witnessed the Cancellation of the Biggest Real Estate Fairs and One of Them Is Cityscape, How Has This Affected the Real Estate Development Companies and the Consumers? <\/strong><\/h2>\n\n\n\nHammad expressed his opinion in this regard saying, \u201cCityscape is considered the start of the real estate season in the beginning of the year; it has been delayed in 2020 because of the Coronavirus. This has negatively influenced the sales target of real estate companies because the majority of the companies find Cityscape a great opportunity to show their special offers. At the top of these companies is \u201cPalm Hills\u201d who were planning to introduce the 10-year installment with zero interest payment plan.\u201d\u00a0<\/p>\n\n\n\n
\u201cConcerning the consumers, they lost their chance to take advantage of many attractive offers which are gathered in one place, as a result, the digital platforms became the consumer\u2019s plan B to search for special offers.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n5. Has the Real Estate Sector Witnessed Any New Initiatives to Face the Current Crisis in Egypt? <\/strong><\/h2>\n\n\n\nIn the light of what the market has witnessed, there weren\u2019t many effective initiations from the real estate sector; Hammad has confirmed this saying, \u201cActually, the real estate sector didn\u2019t make initiations; on the contrary, some companies have asked for postponing the land\u2019s installments but the government refused.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n6. What Are the Real Estate Companies That Survived and Haven\u2019t Been Affected by the Current Situation in the Country?<\/strong><\/h2>\n\n\n\nWe all expect an economic disruption during the crisis; Hammad has emphasized on this by saying, \u201cUnfortunately, we can\u2019t say that there are companies secured against the crisis as we always see companies with different positions in the market negatively affected. In addition, the crisis is still ongoing so we can\u2019t determine the losses.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n7. What Is the Decision That the Central Bank Took to Lessen the Burden on Real Estate Companies? <\/strong><\/h2>\n\n\n\nFrom all the issued decisions in the meantime, there\u2019s a decision that Hammad clarifies, \u201cThe Central Bank has omitted some companies from the blacklist of the credit query; thus, it is easy to apply for a loan nowadays. Previously, they used to keep an eye on every detail of\u00a0 information and statistical data.\u201d\u00a0<\/p>\n\n\n\n
8. What Are the Measures That Property Finder Has Taken to Support Its Clients? <\/strong><\/h2>\n\n\n\nProperty Finder has taken a number of measures that include three main offers: <\/p>\n\n\n\n
- 50% discount on the subscription of the first three months<\/li>
- 30% discount for those who pay the subscription value in advance<\/li>
- Lastly, April is for free. <\/li><\/ul>\n\n\n\n
According to the measures that Property Finder has taken, Hammad says, \u201cAs the company mainly depends on real estate marketing and development companies, we decided to support those companies by offering them April for free for all the clients.\u201d <\/p>\n\n\n\n<\/figure>\n\n\n\n9. What Are the Companies That Will Be More Affected or Have Been Affected due to the Coronavirus Crisis?\u00a0<\/strong><\/h2>\n\n\n\nThe Coronavirus crisis affected many companies in different fields, Hammad says, \u201cUndoubtedly, <\/strong>the most affected companies are the real estate developers because their profits depend on commission. This means that the profits are recorded only after signing the contracts with their clients; that is why a large percentage of the company\u2019s capital is in the market most of the time obviously.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n10. In Order to Present a Complete Vision of the Market\u2019s Directions, Is It Possible to Monitor the User\u2019s Behavior During the Current Situation?<\/strong><\/h2>\n\n\n\nAccording to the search rates, most of the people who want to buy are looking for open places: houses with a garden and swimming pools or with roofs and spacious areas overlooking the outside view. In addition, customers\u2019 needs are unpredictable, as in the meantime none will buy except those who aim to have their own unit.\u00a0<\/p>\n\n\n\n
When we monitored users\u2019 behaviour during the past four months on Property Finder\u2019s website, we found that the rates of demand on the apartments with sizes from 160 to 200 meter square are increasing. This proves the theory of expanding to create enough space so they can take advantage of it during this time.\u00a0<\/p>\n\n\n\n
However, apartments are always on the top of the search but the searching engines of Property Finder have found an increase in the search rates of villas with about 18%.<\/p>\n\n\n\n<\/figure>\n\n\n\n11. With the increase of the crisis, Will the Company Have a Special Way Through the Digital Platforms to Reach the Consumer?<\/strong><\/h2>\n\n\n\nHammad says, \u201cYes and most of the digital marketing platforms have reflected an increase in customers and website users. Most of the real estate customers tend to surf through digital platforms which will surely reflect on the market. They use them to preview and choose the units online instead of doing this on the ground, as this may cause an infection with Coronavirus. Therefore, those who offer good content to the user win the current competition.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n12. What Is the Message That We Want to Deliver to our Clients in the Current Time?\u00a0<\/strong><\/h2>\n\n\n\nProperty Finder has shown its clients a positive side as they are its partners in success. Hammad expressed his message to the clients saying, \u201cAlthough we know how difficult the crisis is, especially as it\u2019s happening for the first time for everyone, we are extremely optimistic. Property Finder will keep supporting its clients whether in the current time or in the future, because we believe that better days are coming and the light at the end of the tunnel is real; not just that, we will also pass this crisis safely\u201d<\/p>\n\n\n\n
Finally, Property Finder will always be supporting its customers; we are aware that achieving success isn\u2019t possible by one side only but through the cooperation of all sides.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …<\/p>\n","protected":false},"author":17,"featured_media":10581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[65],"tags":[96,92],"yoast_head":"\n
Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg\" \/>\n<meta property=\"og:description\" content=\"There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Propertyfinder.eg\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T11:11:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-27T11:11:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iman Youssef\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#website\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/\",\"name\":\"Propertyfinder.eg\",\"description\":\"Egypt's #1 property site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.propertyfinder.eg\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"contentUrl\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"Real Estate market in Egypt\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#webpage\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\",\"name\":\"Breaking Down Egypt's Real Estate Market in 2020 - 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PropertyFinder has secured $120 million investment by one of the best global growth equity firm headquartered in New York, \"General Atlantic\", in exchange for a minority stake in the\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2018\/11\/news-2.jpg","width":300,"height":"auto"},"classes":[]},{"id":19615,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/market-watch-q1-2023\/","url_meta":{"origin":10556,"position":5},"title":"Market Watch: Egypt’s Real Estate Sector Witnesses Steady Momentum","date":"June 20, 2023","format":false,"excerpt":"The real estate market is full of changes that affect the prices, the behavior of buyers or renters, the flow of investments, and most importantly our decisions.\u00a0 When seeking insights about the market, one may acquire preliminary information from magazines or through informal channels such as friends. Nevertheless, decision-making necessitates\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Market Watch Q1 2023","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/06\/Blog-167.jpg","width":300,"height":"auto"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556"}],"collection":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/comments?post=10556"}],"version-history":[{"count":15,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions"}],"predecessor-version":[{"id":10584,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions\/10584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media\/10581"}],"wp:attachment":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media?parent=10556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/categories?post=10556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/tags?post=10556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/figure>\n\n\n\n4. We Witnessed the Cancellation of the Biggest Real Estate Fairs and One of Them Is Cityscape, How Has This Affected the Real Estate Development Companies and the Consumers? <\/strong><\/h2>\n\n\n\nHammad expressed his opinion in this regard saying, \u201cCityscape is considered the start of the real estate season in the beginning of the year; it has been delayed in 2020 because of the Coronavirus. This has negatively influenced the sales target of real estate companies because the majority of the companies find Cityscape a great opportunity to show their special offers. At the top of these companies is \u201cPalm Hills\u201d who were planning to introduce the 10-year installment with zero interest payment plan.\u201d\u00a0<\/p>\n\n\n\n
\u201cConcerning the consumers, they lost their chance to take advantage of many attractive offers which are gathered in one place, as a result, the digital platforms became the consumer\u2019s plan B to search for special offers.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n5. Has the Real Estate Sector Witnessed Any New Initiatives to Face the Current Crisis in Egypt? <\/strong><\/h2>\n\n\n\nIn the light of what the market has witnessed, there weren\u2019t many effective initiations from the real estate sector; Hammad has confirmed this saying, \u201cActually, the real estate sector didn\u2019t make initiations; on the contrary, some companies have asked for postponing the land\u2019s installments but the government refused.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n6. What Are the Real Estate Companies That Survived and Haven\u2019t Been Affected by the Current Situation in the Country?<\/strong><\/h2>\n\n\n\nWe all expect an economic disruption during the crisis; Hammad has emphasized on this by saying, \u201cUnfortunately, we can\u2019t say that there are companies secured against the crisis as we always see companies with different positions in the market negatively affected. In addition, the crisis is still ongoing so we can\u2019t determine the losses.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n7. What Is the Decision That the Central Bank Took to Lessen the Burden on Real Estate Companies? <\/strong><\/h2>\n\n\n\nFrom all the issued decisions in the meantime, there\u2019s a decision that Hammad clarifies, \u201cThe Central Bank has omitted some companies from the blacklist of the credit query; thus, it is easy to apply for a loan nowadays. Previously, they used to keep an eye on every detail of\u00a0 information and statistical data.\u201d\u00a0<\/p>\n\n\n\n
8. What Are the Measures That Property Finder Has Taken to Support Its Clients? <\/strong><\/h2>\n\n\n\nProperty Finder has taken a number of measures that include three main offers: <\/p>\n\n\n\n
- 50% discount on the subscription of the first three months<\/li>
- 30% discount for those who pay the subscription value in advance<\/li>
- Lastly, April is for free. <\/li><\/ul>\n\n\n\n
According to the measures that Property Finder has taken, Hammad says, \u201cAs the company mainly depends on real estate marketing and development companies, we decided to support those companies by offering them April for free for all the clients.\u201d <\/p>\n\n\n\n<\/figure>\n\n\n\n9. What Are the Companies That Will Be More Affected or Have Been Affected due to the Coronavirus Crisis?\u00a0<\/strong><\/h2>\n\n\n\nThe Coronavirus crisis affected many companies in different fields, Hammad says, \u201cUndoubtedly, <\/strong>the most affected companies are the real estate developers because their profits depend on commission. This means that the profits are recorded only after signing the contracts with their clients; that is why a large percentage of the company\u2019s capital is in the market most of the time obviously.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n10. In Order to Present a Complete Vision of the Market\u2019s Directions, Is It Possible to Monitor the User\u2019s Behavior During the Current Situation?<\/strong><\/h2>\n\n\n\nAccording to the search rates, most of the people who want to buy are looking for open places: houses with a garden and swimming pools or with roofs and spacious areas overlooking the outside view. In addition, customers\u2019 needs are unpredictable, as in the meantime none will buy except those who aim to have their own unit.\u00a0<\/p>\n\n\n\n
When we monitored users\u2019 behaviour during the past four months on Property Finder\u2019s website, we found that the rates of demand on the apartments with sizes from 160 to 200 meter square are increasing. This proves the theory of expanding to create enough space so they can take advantage of it during this time.\u00a0<\/p>\n\n\n\n
However, apartments are always on the top of the search but the searching engines of Property Finder have found an increase in the search rates of villas with about 18%.<\/p>\n\n\n\n<\/figure>\n\n\n\n11. With the increase of the crisis, Will the Company Have a Special Way Through the Digital Platforms to Reach the Consumer?<\/strong><\/h2>\n\n\n\nHammad says, \u201cYes and most of the digital marketing platforms have reflected an increase in customers and website users. Most of the real estate customers tend to surf through digital platforms which will surely reflect on the market. They use them to preview and choose the units online instead of doing this on the ground, as this may cause an infection with Coronavirus. Therefore, those who offer good content to the user win the current competition.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n12. What Is the Message That We Want to Deliver to our Clients in the Current Time?\u00a0<\/strong><\/h2>\n\n\n\nProperty Finder has shown its clients a positive side as they are its partners in success. Hammad expressed his message to the clients saying, \u201cAlthough we know how difficult the crisis is, especially as it\u2019s happening for the first time for everyone, we are extremely optimistic. Property Finder will keep supporting its clients whether in the current time or in the future, because we believe that better days are coming and the light at the end of the tunnel is real; not just that, we will also pass this crisis safely\u201d<\/p>\n\n\n\n
Finally, Property Finder will always be supporting its customers; we are aware that achieving success isn\u2019t possible by one side only but through the cooperation of all sides.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …<\/p>\n","protected":false},"author":17,"featured_media":10581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[65],"tags":[96,92],"yoast_head":"\n
Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg\" \/>\n<meta property=\"og:description\" content=\"There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Propertyfinder.eg\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T11:11:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-27T11:11:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iman Youssef\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#website\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/\",\"name\":\"Propertyfinder.eg\",\"description\":\"Egypt's #1 property site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.propertyfinder.eg\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"contentUrl\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"Real Estate market in Egypt\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#webpage\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\",\"name\":\"Breaking Down Egypt's Real Estate Market in 2020 - 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Egypt\u2019s #1 Real Estate Portal - hosted an event in Dusit Thani Lakeview Cairo on the 10th of May, 2018 in the presence of Property Finder Group CXOs - Michael Lahyani CEO, Lukman Hajje CCO, Simon Comina CFO, Hamza Chaoui CMO, Paul Stewart-Smith\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Propertyfinder Egypt's Broker Event 2018","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2018\/06\/Broker-Event.jpg","width":300,"height":"auto"},"classes":[]},{"id":24935,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/real-estate-brokers-in-egypt\/","url_meta":{"origin":10556,"position":1},"title":"Top 10 Real Estate Brokers in Egypt According to Property Finder","date":"November 20, 2024","format":false,"excerpt":"Navigating the real estate market in Egypt can be tricky, but it's much easier through its top brokers. Whether you want to rent, buy, sell, or even invest, they will guide you thanks to their great expertise in the market.\u00a0 Through this guide, you will find the top 10 Real\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"\u0627\u0633\u0645\u0627\u0621 \u0634\u0631\u0643\u0627\u062a \u062a\u0633\u0648\u064a\u0642 \u0639\u0642\u0627\u0631\u064a","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2024\/11\/shutterstock_2264295713-1-1.jpg","width":300,"height":"auto"},"classes":[]},{"id":2836,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/egyptian-real-estate-market-trends-2017-vs-2016\/","url_meta":{"origin":10556,"position":2},"title":"The Egyptian Real Estate Market Trends in 2017 vs. 2016","date":"October 26, 2017","format":false,"excerpt":"The real-estate sector is one of the dominant sectors in the Egyptian market as it plays a major role in the development of Egypt\u2019s economy. 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Nevertheless, decision-making necessitates\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Market Watch Q1 2023","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/06\/Blog-167.jpg","width":300,"height":"auto"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556"}],"collection":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/comments?post=10556"}],"version-history":[{"count":15,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions"}],"predecessor-version":[{"id":10584,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions\/10584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media\/10581"}],"wp:attachment":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media?parent=10556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/categories?post=10556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/tags?post=10556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/figure>\n\n\n\n5. Has the Real Estate Sector Witnessed Any New Initiatives to Face the Current Crisis in Egypt? <\/strong><\/h2>\n\n\n\nIn the light of what the market has witnessed, there weren\u2019t many effective initiations from the real estate sector; Hammad has confirmed this saying, \u201cActually, the real estate sector didn\u2019t make initiations; on the contrary, some companies have asked for postponing the land\u2019s installments but the government refused.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n6. What Are the Real Estate Companies That Survived and Haven\u2019t Been Affected by the Current Situation in the Country?<\/strong><\/h2>\n\n\n\nWe all expect an economic disruption during the crisis; Hammad has emphasized on this by saying, \u201cUnfortunately, we can\u2019t say that there are companies secured against the crisis as we always see companies with different positions in the market negatively affected. In addition, the crisis is still ongoing so we can\u2019t determine the losses.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n7. What Is the Decision That the Central Bank Took to Lessen the Burden on Real Estate Companies? <\/strong><\/h2>\n\n\n\nFrom all the issued decisions in the meantime, there\u2019s a decision that Hammad clarifies, \u201cThe Central Bank has omitted some companies from the blacklist of the credit query; thus, it is easy to apply for a loan nowadays. Previously, they used to keep an eye on every detail of\u00a0 information and statistical data.\u201d\u00a0<\/p>\n\n\n\n
8. What Are the Measures That Property Finder Has Taken to Support Its Clients? <\/strong><\/h2>\n\n\n\nProperty Finder has taken a number of measures that include three main offers: <\/p>\n\n\n\n
- 50% discount on the subscription of the first three months<\/li>
- 30% discount for those who pay the subscription value in advance<\/li>
- Lastly, April is for free. <\/li><\/ul>\n\n\n\n
According to the measures that Property Finder has taken, Hammad says, \u201cAs the company mainly depends on real estate marketing and development companies, we decided to support those companies by offering them April for free for all the clients.\u201d <\/p>\n\n\n\n<\/figure>\n\n\n\n9. What Are the Companies That Will Be More Affected or Have Been Affected due to the Coronavirus Crisis?\u00a0<\/strong><\/h2>\n\n\n\nThe Coronavirus crisis affected many companies in different fields, Hammad says, \u201cUndoubtedly, <\/strong>the most affected companies are the real estate developers because their profits depend on commission. This means that the profits are recorded only after signing the contracts with their clients; that is why a large percentage of the company\u2019s capital is in the market most of the time obviously.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n10. In Order to Present a Complete Vision of the Market\u2019s Directions, Is It Possible to Monitor the User\u2019s Behavior During the Current Situation?<\/strong><\/h2>\n\n\n\nAccording to the search rates, most of the people who want to buy are looking for open places: houses with a garden and swimming pools or with roofs and spacious areas overlooking the outside view. In addition, customers\u2019 needs are unpredictable, as in the meantime none will buy except those who aim to have their own unit.\u00a0<\/p>\n\n\n\n
When we monitored users\u2019 behaviour during the past four months on Property Finder\u2019s website, we found that the rates of demand on the apartments with sizes from 160 to 200 meter square are increasing. This proves the theory of expanding to create enough space so they can take advantage of it during this time.\u00a0<\/p>\n\n\n\n
However, apartments are always on the top of the search but the searching engines of Property Finder have found an increase in the search rates of villas with about 18%.<\/p>\n\n\n\n<\/figure>\n\n\n\n11. With the increase of the crisis, Will the Company Have a Special Way Through the Digital Platforms to Reach the Consumer?<\/strong><\/h2>\n\n\n\nHammad says, \u201cYes and most of the digital marketing platforms have reflected an increase in customers and website users. Most of the real estate customers tend to surf through digital platforms which will surely reflect on the market. They use them to preview and choose the units online instead of doing this on the ground, as this may cause an infection with Coronavirus. Therefore, those who offer good content to the user win the current competition.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n12. What Is the Message That We Want to Deliver to our Clients in the Current Time?\u00a0<\/strong><\/h2>\n\n\n\nProperty Finder has shown its clients a positive side as they are its partners in success. Hammad expressed his message to the clients saying, \u201cAlthough we know how difficult the crisis is, especially as it\u2019s happening for the first time for everyone, we are extremely optimistic. Property Finder will keep supporting its clients whether in the current time or in the future, because we believe that better days are coming and the light at the end of the tunnel is real; not just that, we will also pass this crisis safely\u201d<\/p>\n\n\n\n
Finally, Property Finder will always be supporting its customers; we are aware that achieving success isn\u2019t possible by one side only but through the cooperation of all sides.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …<\/p>\n","protected":false},"author":17,"featured_media":10581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[65],"tags":[96,92],"yoast_head":"\n
Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg\" \/>\n<meta property=\"og:description\" content=\"There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Propertyfinder.eg\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T11:11:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-27T11:11:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iman Youssef\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#website\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/\",\"name\":\"Propertyfinder.eg\",\"description\":\"Egypt's #1 property site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.propertyfinder.eg\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"contentUrl\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"Real Estate market in Egypt\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#webpage\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\",\"name\":\"Breaking Down Egypt's Real Estate Market in 2020 - 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Egypt\u2019s #1 Real Estate Portal - hosted an event in Dusit Thani Lakeview Cairo on the 10th of May, 2018 in the presence of Property Finder Group CXOs - Michael Lahyani CEO, Lukman Hajje CCO, Simon Comina CFO, Hamza Chaoui CMO, Paul Stewart-Smith\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Propertyfinder Egypt's Broker Event 2018","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2018\/06\/Broker-Event.jpg","width":300,"height":"auto"},"classes":[]},{"id":24935,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/real-estate-brokers-in-egypt\/","url_meta":{"origin":10556,"position":1},"title":"Top 10 Real Estate Brokers in Egypt According to Property Finder","date":"November 20, 2024","format":false,"excerpt":"Navigating the real estate market in Egypt can be tricky, but it's much easier through its top brokers. Whether you want to rent, buy, sell, or even invest, they will guide you thanks to their great expertise in the market.\u00a0 Through this guide, you will find the top 10 Real\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"\u0627\u0633\u0645\u0627\u0621 \u0634\u0631\u0643\u0627\u062a \u062a\u0633\u0648\u064a\u0642 \u0639\u0642\u0627\u0631\u064a","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2024\/11\/shutterstock_2264295713-1-1.jpg","width":300,"height":"auto"},"classes":[]},{"id":2836,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/egyptian-real-estate-market-trends-2017-vs-2016\/","url_meta":{"origin":10556,"position":2},"title":"The Egyptian Real Estate Market Trends in 2017 vs. 2016","date":"October 26, 2017","format":false,"excerpt":"The real-estate sector is one of the dominant sectors in the Egyptian market as it plays a major role in the development of Egypt\u2019s economy. Despite the country\u2019s economic and political instability due to currency flotation, the investment and demand for properties have witnessed a major increase in 2017 compared\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"New-Capital-City","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2017\/10\/New-Capital-City.png","width":300,"height":"auto"},"classes":[]},{"id":19239,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/cityscape-2022\/","url_meta":{"origin":10556,"position":3},"title":"Property Finder Is the Official Proptech Partner for Cityscape 2025 for the Fourth Year in a Row","date":"September 14, 2022","format":false,"excerpt":"We are glad to announce our partnership with Cityscape Egypt for the forth time in a row in its 14th edition. Property Finder Egypt will be the official Proptech partner for Cityscape, the largest real estate event in the country. This article is your quick and inclusive guide to know\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Cityscape Egypt 2024","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2022\/09\/305636254_468130031867414_5617978468473414305_n-1.jpg","width":300,"height":"auto"},"classes":[]},{"id":7027,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/120-m-investment-in-propertyfinder\/","url_meta":{"origin":10556,"position":4},"title":"$120 Million Investment in PropertyFinder Led by General Atlantic","date":"November 27, 2018","format":false,"excerpt":"One of the largest investment rounds raised by a technology company based in MENA region has been raised to Propertyfinder Group! PropertyFinder has secured $120 million investment by one of the best global growth equity firm headquartered in New York, \"General Atlantic\", in exchange for a minority stake in the\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2018\/11\/news-2.jpg","width":300,"height":"auto"},"classes":[]},{"id":19615,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/market-watch-q1-2023\/","url_meta":{"origin":10556,"position":5},"title":"Market Watch: Egypt’s Real Estate Sector Witnesses Steady Momentum","date":"June 20, 2023","format":false,"excerpt":"The real estate market is full of changes that affect the prices, the behavior of buyers or renters, the flow of investments, and most importantly our decisions.\u00a0 When seeking insights about the market, one may acquire preliminary information from magazines or through informal channels such as friends. Nevertheless, decision-making necessitates\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Market Watch Q1 2023","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/06\/Blog-167.jpg","width":300,"height":"auto"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556"}],"collection":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/comments?post=10556"}],"version-history":[{"count":15,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions"}],"predecessor-version":[{"id":10584,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions\/10584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media\/10581"}],"wp:attachment":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media?parent=10556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/categories?post=10556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/tags?post=10556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/figure>\n\n\n\n6. What Are the Real Estate Companies That Survived and Haven\u2019t Been Affected by the Current Situation in the Country?<\/strong><\/h2>\n\n\n\nWe all expect an economic disruption during the crisis; Hammad has emphasized on this by saying, \u201cUnfortunately, we can\u2019t say that there are companies secured against the crisis as we always see companies with different positions in the market negatively affected. In addition, the crisis is still ongoing so we can\u2019t determine the losses.\u201d\u00a0<\/p>\n\n\n\n<\/figure>\n\n\n\n7. What Is the Decision That the Central Bank Took to Lessen the Burden on Real Estate Companies? <\/strong><\/h2>\n\n\n\nFrom all the issued decisions in the meantime, there\u2019s a decision that Hammad clarifies, \u201cThe Central Bank has omitted some companies from the blacklist of the credit query; thus, it is easy to apply for a loan nowadays. Previously, they used to keep an eye on every detail of\u00a0 information and statistical data.\u201d\u00a0<\/p>\n\n\n\n
8. What Are the Measures That Property Finder Has Taken to Support Its Clients? <\/strong><\/h2>\n\n\n\nProperty Finder has taken a number of measures that include three main offers: <\/p>\n\n\n\n
- 50% discount on the subscription of the first three months<\/li>
- 30% discount for those who pay the subscription value in advance<\/li>
- Lastly, April is for free. <\/li><\/ul>\n\n\n\n
According to the measures that Property Finder has taken, Hammad says, \u201cAs the company mainly depends on real estate marketing and development companies, we decided to support those companies by offering them April for free for all the clients.\u201d <\/p>\n\n\n\n<\/figure>\n\n\n\n9. What Are the Companies That Will Be More Affected or Have Been Affected due to the Coronavirus Crisis?\u00a0<\/strong><\/h2>\n\n\n\nThe Coronavirus crisis affected many companies in different fields, Hammad says, \u201cUndoubtedly, <\/strong>the most affected companies are the real estate developers because their profits depend on commission. This means that the profits are recorded only after signing the contracts with their clients; that is why a large percentage of the company\u2019s capital is in the market most of the time obviously.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n10. In Order to Present a Complete Vision of the Market\u2019s Directions, Is It Possible to Monitor the User\u2019s Behavior During the Current Situation?<\/strong><\/h2>\n\n\n\nAccording to the search rates, most of the people who want to buy are looking for open places: houses with a garden and swimming pools or with roofs and spacious areas overlooking the outside view. In addition, customers\u2019 needs are unpredictable, as in the meantime none will buy except those who aim to have their own unit.\u00a0<\/p>\n\n\n\n
When we monitored users\u2019 behaviour during the past four months on Property Finder\u2019s website, we found that the rates of demand on the apartments with sizes from 160 to 200 meter square are increasing. This proves the theory of expanding to create enough space so they can take advantage of it during this time.\u00a0<\/p>\n\n\n\n
However, apartments are always on the top of the search but the searching engines of Property Finder have found an increase in the search rates of villas with about 18%.<\/p>\n\n\n\n<\/figure>\n\n\n\n11. With the increase of the crisis, Will the Company Have a Special Way Through the Digital Platforms to Reach the Consumer?<\/strong><\/h2>\n\n\n\nHammad says, \u201cYes and most of the digital marketing platforms have reflected an increase in customers and website users. Most of the real estate customers tend to surf through digital platforms which will surely reflect on the market. They use them to preview and choose the units online instead of doing this on the ground, as this may cause an infection with Coronavirus. Therefore, those who offer good content to the user win the current competition.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n12. What Is the Message That We Want to Deliver to our Clients in the Current Time?\u00a0<\/strong><\/h2>\n\n\n\nProperty Finder has shown its clients a positive side as they are its partners in success. Hammad expressed his message to the clients saying, \u201cAlthough we know how difficult the crisis is, especially as it\u2019s happening for the first time for everyone, we are extremely optimistic. Property Finder will keep supporting its clients whether in the current time or in the future, because we believe that better days are coming and the light at the end of the tunnel is real; not just that, we will also pass this crisis safely\u201d<\/p>\n\n\n\n
Finally, Property Finder will always be supporting its customers; we are aware that achieving success isn\u2019t possible by one side only but through the cooperation of all sides.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …<\/p>\n","protected":false},"author":17,"featured_media":10581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[65],"tags":[96,92],"yoast_head":"\n
Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg\" \/>\n<meta property=\"og:description\" content=\"There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Propertyfinder.eg\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T11:11:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-27T11:11:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iman Youssef\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#website\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/\",\"name\":\"Propertyfinder.eg\",\"description\":\"Egypt's #1 property site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.propertyfinder.eg\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"contentUrl\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"Real Estate market in Egypt\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#webpage\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\",\"name\":\"Breaking Down Egypt's Real Estate Market in 2020 - 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Egypt\u2019s #1 Real Estate Portal - hosted an event in Dusit Thani Lakeview Cairo on the 10th of May, 2018 in the presence of Property Finder Group CXOs - Michael Lahyani CEO, Lukman Hajje CCO, Simon Comina CFO, Hamza Chaoui CMO, Paul Stewart-Smith\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Propertyfinder Egypt's Broker Event 2018","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2018\/06\/Broker-Event.jpg","width":300,"height":"auto"},"classes":[]},{"id":24935,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/real-estate-brokers-in-egypt\/","url_meta":{"origin":10556,"position":1},"title":"Top 10 Real Estate Brokers in Egypt According to Property Finder","date":"November 20, 2024","format":false,"excerpt":"Navigating the real estate market in Egypt can be tricky, but it's much easier through its top brokers. Whether you want to rent, buy, sell, or even invest, they will guide you thanks to their great expertise in the market.\u00a0 Through this guide, you will find the top 10 Real\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"\u0627\u0633\u0645\u0627\u0621 \u0634\u0631\u0643\u0627\u062a \u062a\u0633\u0648\u064a\u0642 \u0639\u0642\u0627\u0631\u064a","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2024\/11\/shutterstock_2264295713-1-1.jpg","width":300,"height":"auto"},"classes":[]},{"id":2836,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/egyptian-real-estate-market-trends-2017-vs-2016\/","url_meta":{"origin":10556,"position":2},"title":"The Egyptian Real Estate Market Trends in 2017 vs. 2016","date":"October 26, 2017","format":false,"excerpt":"The real-estate sector is one of the dominant sectors in the Egyptian market as it plays a major role in the development of Egypt\u2019s economy. Despite the country\u2019s economic and political instability due to currency flotation, the investment and demand for properties have witnessed a major increase in 2017 compared\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"New-Capital-City","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2017\/10\/New-Capital-City.png","width":300,"height":"auto"},"classes":[]},{"id":19239,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/cityscape-2022\/","url_meta":{"origin":10556,"position":3},"title":"Property Finder Is the Official Proptech Partner for Cityscape 2025 for the Fourth Year in a Row","date":"September 14, 2022","format":false,"excerpt":"We are glad to announce our partnership with Cityscape Egypt for the forth time in a row in its 14th edition. Property Finder Egypt will be the official Proptech partner for Cityscape, the largest real estate event in the country. This article is your quick and inclusive guide to know\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Cityscape Egypt 2024","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2022\/09\/305636254_468130031867414_5617978468473414305_n-1.jpg","width":300,"height":"auto"},"classes":[]},{"id":7027,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/120-m-investment-in-propertyfinder\/","url_meta":{"origin":10556,"position":4},"title":"$120 Million Investment in PropertyFinder Led by General Atlantic","date":"November 27, 2018","format":false,"excerpt":"One of the largest investment rounds raised by a technology company based in MENA region has been raised to Propertyfinder Group! PropertyFinder has secured $120 million investment by one of the best global growth equity firm headquartered in New York, \"General Atlantic\", in exchange for a minority stake in the\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2018\/11\/news-2.jpg","width":300,"height":"auto"},"classes":[]},{"id":19615,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/market-watch-q1-2023\/","url_meta":{"origin":10556,"position":5},"title":"Market Watch: Egypt’s Real Estate Sector Witnesses Steady Momentum","date":"June 20, 2023","format":false,"excerpt":"The real estate market is full of changes that affect the prices, the behavior of buyers or renters, the flow of investments, and most importantly our decisions.\u00a0 When seeking insights about the market, one may acquire preliminary information from magazines or through informal channels such as friends. Nevertheless, decision-making necessitates\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Market Watch Q1 2023","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/06\/Blog-167.jpg","width":300,"height":"auto"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556"}],"collection":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/comments?post=10556"}],"version-history":[{"count":15,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions"}],"predecessor-version":[{"id":10584,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/10556\/revisions\/10584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media\/10581"}],"wp:attachment":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media?parent=10556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/categories?post=10556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/tags?post=10556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/figure>\n\n\n\n7. What Is the Decision That the Central Bank Took to Lessen the Burden on Real Estate Companies? <\/strong><\/h2>\n\n\n\nFrom all the issued decisions in the meantime, there\u2019s a decision that Hammad clarifies, \u201cThe Central Bank has omitted some companies from the blacklist of the credit query; thus, it is easy to apply for a loan nowadays. Previously, they used to keep an eye on every detail of\u00a0 information and statistical data.\u201d\u00a0<\/p>\n\n\n\n
8. What Are the Measures That Property Finder Has Taken to Support Its Clients? <\/strong><\/h2>\n\n\n\nProperty Finder has taken a number of measures that include three main offers: <\/p>\n\n\n\n
- 50% discount on the subscription of the first three months<\/li>
- 30% discount for those who pay the subscription value in advance<\/li>
- Lastly, April is for free. <\/li><\/ul>\n\n\n\n
According to the measures that Property Finder has taken, Hammad says, \u201cAs the company mainly depends on real estate marketing and development companies, we decided to support those companies by offering them April for free for all the clients.\u201d <\/p>\n\n\n\n<\/figure>\n\n\n\n9. What Are the Companies That Will Be More Affected or Have Been Affected due to the Coronavirus Crisis?\u00a0<\/strong><\/h2>\n\n\n\nThe Coronavirus crisis affected many companies in different fields, Hammad says, \u201cUndoubtedly, <\/strong>the most affected companies are the real estate developers because their profits depend on commission. This means that the profits are recorded only after signing the contracts with their clients; that is why a large percentage of the company\u2019s capital is in the market most of the time obviously.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n10. In Order to Present a Complete Vision of the Market\u2019s Directions, Is It Possible to Monitor the User\u2019s Behavior During the Current Situation?<\/strong><\/h2>\n\n\n\nAccording to the search rates, most of the people who want to buy are looking for open places: houses with a garden and swimming pools or with roofs and spacious areas overlooking the outside view. In addition, customers\u2019 needs are unpredictable, as in the meantime none will buy except those who aim to have their own unit.\u00a0<\/p>\n\n\n\n
When we monitored users\u2019 behaviour during the past four months on Property Finder\u2019s website, we found that the rates of demand on the apartments with sizes from 160 to 200 meter square are increasing. This proves the theory of expanding to create enough space so they can take advantage of it during this time.\u00a0<\/p>\n\n\n\n
However, apartments are always on the top of the search but the searching engines of Property Finder have found an increase in the search rates of villas with about 18%.<\/p>\n\n\n\n<\/figure>\n\n\n\n11. With the increase of the crisis, Will the Company Have a Special Way Through the Digital Platforms to Reach the Consumer?<\/strong><\/h2>\n\n\n\nHammad says, \u201cYes and most of the digital marketing platforms have reflected an increase in customers and website users. Most of the real estate customers tend to surf through digital platforms which will surely reflect on the market. They use them to preview and choose the units online instead of doing this on the ground, as this may cause an infection with Coronavirus. Therefore, those who offer good content to the user win the current competition.\u201d<\/p>\n\n\n\n<\/figure>\n\n\n\n12. What Is the Message That We Want to Deliver to our Clients in the Current Time?\u00a0<\/strong><\/h2>\n\n\n\nProperty Finder has shown its clients a positive side as they are its partners in success. Hammad expressed his message to the clients saying, \u201cAlthough we know how difficult the crisis is, especially as it\u2019s happening for the first time for everyone, we are extremely optimistic. Property Finder will keep supporting its clients whether in the current time or in the future, because we believe that better days are coming and the light at the end of the tunnel is real; not just that, we will also pass this crisis safely\u201d<\/p>\n\n\n\n
Finally, Property Finder will always be supporting its customers; we are aware that achieving success isn\u2019t possible by one side only but through the cooperation of all sides.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …<\/p>\n","protected":false},"author":17,"featured_media":10581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[65],"tags":[96,92],"yoast_head":"\n
Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg\" \/>\n<meta property=\"og:description\" content=\"There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Propertyfinder.eg\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T11:11:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-27T11:11:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iman Youssef\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#website\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/\",\"name\":\"Propertyfinder.eg\",\"description\":\"Egypt's #1 property site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.propertyfinder.eg\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"contentUrl\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"Real Estate market in Egypt\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#webpage\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\",\"name\":\"Breaking Down Egypt's Real Estate Market in 2020 - 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Property Finder has taken a number of measures that include three main offers: <\/p>\n\n\n\n
- 50% discount on the subscription of the first three months<\/li>
- 30% discount for those who pay the subscription value in advance<\/li>
- Lastly, April is for free. <\/li><\/ul>\n\n\n\n
According to the measures that Property Finder has taken, Hammad says, \u201cAs the company mainly depends on real estate marketing and development companies, we decided to support those companies by offering them April for free for all the clients.\u201d <\/p>\n\n\n\n
<\/figure>\n\n\n\n9. What Are the Companies That Will Be More Affected or Have Been Affected due to the Coronavirus Crisis?\u00a0<\/strong><\/h2>\n\n\n\n
The Coronavirus crisis affected many companies in different fields, Hammad says, \u201cUndoubtedly, <\/strong>the most affected companies are the real estate developers because their profits depend on commission. This means that the profits are recorded only after signing the contracts with their clients; that is why a large percentage of the company\u2019s capital is in the market most of the time obviously.\u201d<\/p>\n\n\n\n
<\/figure>\n\n\n\n10. In Order to Present a Complete Vision of the Market\u2019s Directions, Is It Possible to Monitor the User\u2019s Behavior During the Current Situation?<\/strong><\/h2>\n\n\n\n
According to the search rates, most of the people who want to buy are looking for open places: houses with a garden and swimming pools or with roofs and spacious areas overlooking the outside view. In addition, customers\u2019 needs are unpredictable, as in the meantime none will buy except those who aim to have their own unit.\u00a0<\/p>\n\n\n\n
When we monitored users\u2019 behaviour during the past four months on Property Finder\u2019s website, we found that the rates of demand on the apartments with sizes from 160 to 200 meter square are increasing. This proves the theory of expanding to create enough space so they can take advantage of it during this time.\u00a0<\/p>\n\n\n\n
However, apartments are always on the top of the search but the searching engines of Property Finder have found an increase in the search rates of villas with about 18%.<\/p>\n\n\n\n
<\/figure>\n\n\n\n11. With the increase of the crisis, Will the Company Have a Special Way Through the Digital Platforms to Reach the Consumer?<\/strong><\/h2>\n\n\n\n
Hammad says, \u201cYes and most of the digital marketing platforms have reflected an increase in customers and website users. Most of the real estate customers tend to surf through digital platforms which will surely reflect on the market. They use them to preview and choose the units online instead of doing this on the ground, as this may cause an infection with Coronavirus. Therefore, those who offer good content to the user win the current competition.\u201d<\/p>\n\n\n\n
<\/figure>\n\n\n\n12. What Is the Message That We Want to Deliver to our Clients in the Current Time?\u00a0<\/strong><\/h2>\n\n\n\n
Property Finder has shown its clients a positive side as they are its partners in success. Hammad expressed his message to the clients saying, \u201cAlthough we know how difficult the crisis is, especially as it\u2019s happening for the first time for everyone, we are extremely optimistic. Property Finder will keep supporting its clients whether in the current time or in the future, because we believe that better days are coming and the light at the end of the tunnel is real; not just that, we will also pass this crisis safely\u201d<\/p>\n\n\n\n
Finally, Property Finder will always be supporting its customers; we are aware that achieving success isn\u2019t possible by one side only but through the cooperation of all sides.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …<\/p>\n","protected":false},"author":17,"featured_media":10581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[65],"tags":[96,92],"yoast_head":"\n
Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Down Egypt's Real Estate Market in 2020 - Propertyfinder.eg\" \/>\n<meta property=\"og:description\" content=\"There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Propertyfinder.eg\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T11:11:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-27T11:11:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iman Youssef\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#website\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/\",\"name\":\"Propertyfinder.eg\",\"description\":\"Egypt's #1 property site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.propertyfinder.eg\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"contentUrl\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"Real Estate market in Egypt\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/#webpage\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/\",\"name\":\"Breaking Down Egypt's Real Estate Market in 2020 - 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