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Real Estate Briefing - Categorized | Market Moves more

Egyptians build, shop for homes despite downturn

Posted on 26 October 2011

Egypt’s property market may have slid into its worst crisis in years, largely because of the state’s poor land management, but a large and young population is building off the books and keeping demand for homes ticking, an industry executive said.

An uprising against President Hosni Mubarak brought further attention to a real estate industry that focused most of its time on the wealthy elite, pricing out the majority of Egyptians and missing out on key revenue from middle-income buyers………………………………………..Full Article: Source


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