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Egypt real estate market sees ‘unprecedented’ growth

Posted on 15 January 2013

The Egyptian real estate market is thriving despite the country’s overall economic situation, officials and experts told Al-Shorfa. They attributed this vitality in part to the growing need for housing as the population expands, adding that some developers also are hurrying to finish projects before the new tax law takes effect.
Construction activity has risen by 60% at the end of 2012 in comparison with the same period in 2011, said Maged Omran of the Ministry of Housing’s technical inspection division………………………………………..Full Article: Source


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