14.11.2011 - Egypt: Singular real estate market
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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