{"id":19721,"date":"2023-07-10T15:12:53","date_gmt":"2023-07-10T15:12:53","guid":{"rendered":"https:\/\/www.propertyfinder.eg\/blog\/?p=19721"},"modified":"2023-07-11T12:58:32","modified_gmt":"2023-07-11T12:58:32","slug":"challenges-and-chances-in-egypt-real-estate-market","status":"publish","type":"post","link":"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/","title":{"rendered":"Discover the Challenges and Chances in Egypt’s Real Estate Market with New Avenue’s Managing Director"},"content":{"rendered":"\n

Despite the current economic conditions, purchasing power is dominant. Everybody looks for a suitable unit to invest in, despite the low inventory, as the demand is much higher than the supply. <\/p>\n\n\n\n

As a managing director at New Avenue Real Estate Consultancy<\/em><\/strong>, my team and I dealt with the real estate market’s ups and downs over the past 10 years. <\/p>\n\n\n\n

To help our clients find the best residential and commercial units in the market, we have primarily provided consultations and brokerage services. Every shift in the market created a challenge as well as an opportunity.<\/p>\n\n\n\n

\u201cReal estate is one of Egypt\u2019s assets that always connects the present to the future by providing development that people can rely on.\u201d<\/strong> Ahmed El-Desouky <\/strong>– Managing Director at New Avenue<\/strong><\/p>\n\n\n\n

In order to help you easily make your decision while buying or renting in Egypt, Ahmed El Desouky<\/em>, Managing Director at New Avenue Real Estate Consultancy, <\/em>will give you a brief overview of the real estate market. <\/p>\n\n\n\n

This is in addition to the main opportunities and challenges its stakeholders face and how they eventually affect the end user.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

1. What Challenges and Opportunities Face Egypt’s Real Estate Market?<\/strong><\/h2>\n\n\n\n

Challenges<\/strong><\/p>\n\n\n\n

Indeed, the entire sector is under pressure as a result of the economic crisis in Egypt. All goods, including real estate products, have seen price increases due to continuous rise in inflation rates.<\/p>\n\n\n\n

In addition, it took a lot of time for many real estate developers to control the repricing process the way they desired. At the same time, this time frame was sufficient to position premium products in a way that attracts clients looking for prestigious homes and reliable investments.<\/p>\n\n\n\n

While real estate brokers deal with a different kind of difficulty that is primarily brought on by competition. For many business owners, breaking into the brokerage market might not be difficult. <\/p>\n\n\n\n

This, unfortunately, reduces the quality of the consultant\u2019s functions and eventually the suitability of the recommended property.<\/p>\n\n\n\n

Moreover, for real estate clients, this poses a significant challenge. They get frustrated faster when they don’t find the unit they’re looking for. <\/p>\n\n\n\n

Despite the fact that there are a lot of real estate experts and consultants on the market, it can be difficult for buyers to find a qualified real estate consultant to help them with their search.<\/p>\n\n\n\n

Opportunities<\/strong><\/p>\n\n\n\n

On the other hand, there are now many chances to catch up for both end users and real estate investors. <\/p>\n\n\n\n

The devaluation of the Egyptian pound becomes an opportunity for Egyptian living in the GCC, who find turning their savings into properties is an intelligent solution.<\/p>\n\n\n\n

Opportunities also arise from a variety of other factors, including Egypt’s large population (over 110 million people). The belief that real estate is a secure investment spans all age groups. This makes buying properties an unstoppable activity in the country.  <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

2. What Are the Available Types of Real Estate Financing in Egypt?<\/strong><\/h2>\n\n\n\n

There are two ways to buy a unit if the cost is prohibitive and the client can\u2019t pay the entire sum in cash. <\/p>\n\n\n\n

  • The First Way:<\/strong> It’s through the real estate developer, who will receive a down payment. The remaining balance will be paid in installments over 8 years, the maximum allowed in the current Egyptian market.<\/li><\/ul>\n\n\n\n
    • The Second Way: <\/strong>The bank is involved in the second strategy. The developer’s financing procedure is followed by mortgage financing but with longer repayment terms. <\/li><\/ul>\n\n\n\n

      The procedure to protect the bank’s financial interests gets more difficult as it pays the developer the unit price. <\/p>\n\n\n\n

      However, many Egyptian banks are currently working to make mortgage financing easier. The high level of interest is the main challenge this method faces.<\/p>\n\n\n\n

      \"\"<\/figure>\n\n\n\n

      3. What Do You Think of Mortgage Financing in Egypt? <\/strong><\/h2>\n\n\n\n

      In New Avenue<\/em><\/strong>, we believe that bank mortgage financing hasn\u2019t reached peak traffic and it has more to give in the future. <\/p>\n\n\n\n

      This motivated us to sign a partnership contract with ADIB (Abu Dhabi Islamic Bank) to be a part of an initiative that encourages this approach.<\/p>\n\n\n\n

      As always, knowledge is power! It will be easier for you to purchase the home of your dreams if you are aware of all the opportunities and difficulties that Egypt\u2019s market is currently facing. <\/p>\n\n\n\n

      That’s why this interview is brought to you by Property Finder to easily find your new home and confidently make your decision. <\/p>\n","protected":false},"excerpt":{"rendered":"

      Despite the current economic conditions, purchasing power is dominant. Everybody looks for a suitable unit to invest in, despite the …<\/p>\n","protected":false},"author":17,"featured_media":19728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[65],"tags":[],"yoast_head":"\nDiscover the Challenges and Chances in Egypt's Real Estate Market with New Avenue's Managing Director - 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\/challenges-and-chances-in-egypt-real-estate-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Discover the Challenges and Chances in Egypt's Real Estate Market with New Avenue's Managing Director - Propertyfinder.eg\" \/>\n<meta property=\"og:description\" content=\"Despite the current economic conditions, purchasing power is dominant. Everybody looks for a suitable unit to invest in, despite the …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Propertyfinder.eg\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-10T15:12:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-11T12:58:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/07\/Article-Banner-EN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\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=\"4 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\/challenges-and-chances-in-egypt-real-estate-market\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/07\/Article-Banner-EN.jpg\",\"contentUrl\":\"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/07\/Article-Banner-EN.jpg\",\"width\":800,\"height\":600,\"caption\":\"Egypt's real estate market\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/#webpage\",\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/\",\"name\":\"Discover the Challenges and Chances in Egypt's Real Estate Market with New Avenue's Managing Director - Propertyfinder.eg\",\"isPartOf\":{\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/#primaryimage\"},\"datePublished\":\"2023-07-10T15:12:53+00:00\",\"dateModified\":\"2023-07-11T12:58:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#\/schema\/person\/1629da46247d7bf36664438617d854d6\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.propertyfinder.eg\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Discover the Challenges and Chances in Egypt’s Real Estate Market with New Avenue’s Managing Director\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#\/schema\/person\/1629da46247d7bf36664438617d854d6\",\"name\":\"Iman Youssef\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.propertyfinder.eg\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2a1c96d9bd5a7d2bac1cfd2232be8a9e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2a1c96d9bd5a7d2bac1cfd2232be8a9e?s=96&d=mm&r=g\",\"caption\":\"Iman Youssef\"},\"url\":\"https:\/\/www.propertyfinder.eg\/blog\/author\/iman\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Discover the Challenges and Chances in Egypt's Real Estate Market with New Avenue's Managing Director - Propertyfinder.eg","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/","og_locale":"en_US","og_type":"article","og_title":"Discover the Challenges and Chances in Egypt's Real Estate Market with New Avenue's Managing Director - Propertyfinder.eg","og_description":"Despite the current economic conditions, purchasing power is dominant. Everybody looks for a suitable unit to invest in, despite the …","og_url":"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/","og_site_name":"Propertyfinder.eg","article_published_time":"2023-07-10T15:12:53+00:00","article_modified_time":"2023-07-11T12:58:32+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/07\/Article-Banner-EN.jpg","type":"image\/jpeg"}],"twitter_card":"summary","twitter_misc":{"Written by":"Iman Youssef","Est. reading time":"4 minutes"},"schema":{"@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\/challenges-and-chances-in-egypt-real-estate-market\/#primaryimage","inLanguage":"en-US","url":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/07\/Article-Banner-EN.jpg","contentUrl":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/07\/Article-Banner-EN.jpg","width":800,"height":600,"caption":"Egypt's real estate market"},{"@type":"WebPage","@id":"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/#webpage","url":"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/","name":"Discover the Challenges and Chances in Egypt's Real Estate Market with New Avenue's Managing Director - Propertyfinder.eg","isPartOf":{"@id":"https:\/\/www.propertyfinder.eg\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/#primaryimage"},"datePublished":"2023-07-10T15:12:53+00:00","dateModified":"2023-07-11T12:58:32+00:00","author":{"@id":"https:\/\/www.propertyfinder.eg\/blog\/#\/schema\/person\/1629da46247d7bf36664438617d854d6"},"breadcrumb":{"@id":"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.propertyfinder.eg\/blog\/en\/challenges-and-chances-in-egypt-real-estate-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.propertyfinder.eg\/blog\/"},{"@type":"ListItem","position":2,"name":"Discover the Challenges and Chances in Egypt’s Real Estate Market with New Avenue’s Managing Director"}]},{"@type":"Person","@id":"https:\/\/www.propertyfinder.eg\/blog\/#\/schema\/person\/1629da46247d7bf36664438617d854d6","name":"Iman Youssef","image":{"@type":"ImageObject","@id":"https:\/\/www.propertyfinder.eg\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/2a1c96d9bd5a7d2bac1cfd2232be8a9e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2a1c96d9bd5a7d2bac1cfd2232be8a9e?s=96&d=mm&r=g","caption":"Iman Youssef"},"url":"https:\/\/www.propertyfinder.eg\/blog\/author\/iman\/"}]}},"jetpack_featured_media_url":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2023\/07\/Article-Banner-EN.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5045,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/breakthrough-to-excellence\/","url_meta":{"origin":19721,"position":0},"title":"Breakthrough to Excellence: Propertyfinder.eg\u2019s Latest Broker Event in Cairo","date":"June 11, 2018","format":false,"excerpt":"In the pursuit of Excellence, Propertyfinder.eg - 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":7027,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/120-m-investment-in-propertyfinder\/","url_meta":{"origin":19721,"position":1},"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":24935,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/real-estate-brokers-in-egypt\/","url_meta":{"origin":19721,"position":2},"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":10556,"url":"https:\/\/www.propertyfinder.eg\/blog\/en\/breakegypts-real-estate-market-in-2020\/","url_meta":{"origin":19721,"position":3},"title":"Breaking Down Egypt’s Real Estate Market in 2020","date":"April 27, 2020","format":false,"excerpt":"There are no accurate or proven expectations about the real estate market\u2019s performance for 2020, at least this is what all the real estate experts agreed on. The known fact is that Egypt's real estate market in 2019 wasn\u2019t the best. Things are changing every minute due to the presence\u2026","rel":"","context":"In "Inside Property Finder"","img":{"alt_text":"Real Estate market in Egypt","src":"https:\/\/www.propertyfinder.eg\/blog\/wp-content\/uploads\/2020\/04\/Egypts-Real-Estate-Market-in-2020-1.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":19721,"position":4},"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":19721,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/19721"}],"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=19721"}],"version-history":[{"count":12,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/19721\/revisions"}],"predecessor-version":[{"id":19746,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/posts\/19721\/revisions\/19746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media\/19728"}],"wp:attachment":[{"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/media?parent=19721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/categories?post=19721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyfinder.eg\/blog\/wp-json\/wp\/v2\/tags?post=19721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}