Real estate bubble threatens Egypt’s market: Expert ...Egypt

EGYPT INDEPENDENT - News
Real estate bubble threatens Egypt’s market: Expert
Wael Enaba, a capital markets expert, has stated that there is currently a disagreement among experts and analysts regarding the real estate sector. Some analysts are predicting an upcoming real-estate bubble, while others dismiss this notion, asserting that prices will continue to rise. In an interview with Al Arabiya Business, he expressed his belief in an impending price bubble, adding that real estate prices in Egypt have increased excessively, exceeding the purchasing power of Egyptians. He further explained, ‘An apartment that cost 2 million Egyptian pounds two years ago now costs 10 million, which is a five-fold increase.’ He attributed this to the expectation that the US dollar would

Hence then, the article about real estate bubble threatens egypt s market expert was published today ( ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Real estate bubble threatens Egypt’s market: Expert )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News