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Real Estate Briefing - Categorized | Market Moves, Middle East and Africa more

Egypt: Singular real estate market

Posted on 14 November 2011

The local real estate market has proved on many occasions that it is governed by its own rules, which have nothing to do with supply and demand. This has been exemplified again in the wake of the January Revolution and the ensuing chaos, security breakdown and economic stagnation, when prices have not dropped as expected.
While luxurious housing compounds in the suburbs and on the outskirts of the capital await purchasers who under the circumstances have declined to dispense with large amounts of cash, prices have retained their normal rates………………………………………..Full Article: Source


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


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