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Egyptian real estate market yet to recover after unrest

Posted on 12 May 2011

Egypt’s real estate market seems to need more time to recover from the impact of protests that erupted on Jan. 25 as buyers wait for the house prices to continue to fall.
“I could not take any step to buy a new, larger one. All my friends advised me to wait as the prices will be reduced more in the coming period,” said Ameriah Mahmoud, a 38-year-old housewife who lives with her family in a small flat in Cairo……………………………………….Full Article: Source

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