Tue, Sep 30, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Market Moves more

Egypt: Elections don’t influence the real estate market, say experts

Posted on 09 November 2010

From Almasryalyoum.com: State housing projects are often tied to presidential elections. But the projects typically lead to market inflation, with investors the only party poised to benefit. As part of the presidential platform, the government provides project tenders to investors interested in financing low-income housing construction on the condition the firm sells the units at government-stipulated prices.
“The real market of real estate should not be affected by either parliamentary or presidential elections,” said Salah Hegab, head of a construction committee. “It depends on the supply and demand. Real estate market in Egypt suffers big problems as most projects target only 20% of the upper class.”………………………………………Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930