Savills Egypt: Real estate sector’s strong performance underpinned by resilient economy ...Egypt

Real estate giant Savills released a report examining Greater Cairo’s real estate market, which includes an in-depth analysis of residential, offices, and retail sectors. During a press conference announcing the Savills Egypt Property Report, head of the company’s Egypt branch Catesby Langer-Paget said: “Marking our third year in Egypt, this report will be the first of many, as this industry continues to thrive and develop.” According to Langer-Paget, Egyptian economic expansion will moderate to around 4.5 percent between 2021 and 2022, but, starting 2023, GDP growth is likely to return to its pre-pandemic rates of above 5.5 percent. He continued: “We can very much see the impact of Egypt’s

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