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Real Estate Briefing - Categorized | Emerging Trends, Market Moves more

Egypt realty sector is down, not out

Posted on 23 May 2011

There seem to be plenty of good reasons to avoid Egypt’s battered real estate sector, yet some investors are tiptoeing back into stocks seen as less exposed to legal probes of questionable state land sales.
The industry, a motor of Egypt’s decade-long investment boom, was undermined by crony capitalism. Now it is bearing the brunt of widening corruption probes after a popular uprising swept President Hosni Mubarak from power in February……………………………………….Full Article: Source


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


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