Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in Egypt has been experiencing significant development in recent years. Customer preferences in the Egyptian Real Estate market have been shifting towards more modern and luxurious properties. This can be attributed to the growing middle class and increasing disposable income, which has led to a higher demand for high-end housing. Additionally, there is a rising trend of young professionals and families looking for integrated communities that offer amenities such as shopping centers, schools, and recreational facilities. These preferences reflect a global trend of urbanization and the desire for a convenient and comfortable lifestyle. One of the key trends in the Egyptian Real Estate market is the focus on sustainable and eco-friendly developments. Developers are increasingly incorporating green building practices and technologies to reduce energy consumption and promote environmental sustainability. This trend is driven by a growing awareness of the importance of environmental conservation and the desire to live in a healthier and more sustainable environment. Additionally, there is a growing demand for energy-efficient homes, which can help reduce utility costs in the long run. Another trend in the market is the increasing popularity of real estate investments among both local and foreign investors. The Egyptian government has implemented several reforms and incentives to attract investment in the real estate sector, such as the introduction of new laws and regulations to facilitate property ownership and streamline the investment process. This has resulted in a surge of foreign direct investment in the sector, as well as a growing interest from local investors looking for profitable opportunities. Local special circumstances in Egypt, such as the country's strategic location and rich cultural heritage, have also contributed to the development of the Real Estate market. Egypt is a popular tourist destination, attracting millions of visitors each year. This has led to a growing demand for vacation homes and rental properties in popular tourist areas, such as Cairo, Alexandria, and Sharm El Sheikh. Additionally, the government's focus on infrastructure development, such as the construction of new airports, highways, and metro lines, has further fueled the growth of the Real Estate market. Underlying macroeconomic factors, such as population growth, urbanization, and economic stability, have played a crucial role in the development of the Real Estate market in Egypt. The country's population is rapidly expanding, leading to a higher demand for housing and commercial properties. Urbanization is also on the rise, with more people moving to cities in search of better job opportunities and a higher standard of living. Furthermore, Egypt has maintained a relatively stable economic environment, which has boosted investor confidence and encouraged real estate development. Overall, the Real Estate market in Egypt is experiencing significant growth and development, driven by changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. With the government's continued focus on infrastructure development and investment incentives, the market is expected to continue its positive trajectory in the coming years.
Data coverage:
Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
