Egyptian Bourse to Rollout Real Estate Exchange in 4 Months: EGX Chairman ...Egypt

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Egyptian Bourse to Rollout Real Estate Exchange in 4 Months: EGX Chairman
Image Credit: Faris El-Gwely/Wikimedia Commons The Egyptian Exchange (EGX) is on track to introduce a real estate exchange system within the next four months, according to statements made by Chairman of the EGX, Ahmed El-Sheikh, to Asharq Business on 24 October. El-Sheikh revealed plans to establish a notary public unit within EGX to facilitate the transfer and registration of real estate assets. WHAT IS THE REAL ESTATE EXCHANGE? The prospective EGX exchange involves individuals or entities swapping property ownership between one another – similar to stock exchanges in the stock market. The real estate exchange typically targets investors who intend to enrich their investment portfolio or th

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