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Cairo property improves, despite country instability

Posted on 27 March 2013

As the Egyptian government struggles with political and economic instability, the Cairo real estate market reports improvement in all sectors. Vacancies in Grade A office buildings slid to 20 percent for the first quarter, a decrease from 29 percent in the fourth quarter of 2012, according to a new report from Jones Lang LaSalle.
New Cairo, a satellite city of Cairo created in 2011, witnessed the completion of a new 6,700-square-foot Grade A office project in the first quarter of 2013, bringing the total stock in Cairo to approximately 791,000 square feet, JLL reports………………………………………..Full Article: Source


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