Egypt property market investment interest grows as International Property Show Egypt nears

By Accommodation Times News Services


Investment interest in Egypt property market has maintained its continuous incline as more investors are keen to invest, especially in anticipation of the International Property Show Egypt (IPS Egypt) which will be held from October 10-13, 2018 at the Egypt International Exhibition Center and where exclusive deals and discounts will be offered to investors.

The property market in Egypt continues to grow since the Egyptian government decided to float its currency in 2016 benefiting the sector as more Egyptians invest in flats and townhouses either for their new or second homes. Egyptian expatriates whose income abroad can be translated to higher buying capacity in Egypt are also heavily investing in their country with a significant interest in vacation homes, while Egypt’s wide array of residential and commercial properties continue to attract foreigners living in the country.

Yet the higher stake in Egypt property investment rests in anticipation of planned mega infrastructures including the New Administrative Capital which, when completed, is expected to attract heavier foreign investment and tourism boom. New Administrative Capital will have 21 residential districts, 25 dedicated districts, a huge park, educational institutions, technology and innovation parks, hundreds of hospitals, clinics, mosques, and hotels, an impressive international airport, a theme park that could compete with the world’s largest Disneyland, and a railway link to Cairo.

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