Shaz Yaqoob one of our expert Egypt property consultants sent us this article about the fist Global Trade matters Real Estate Egypt Conference which included panellists from the top ranks of government, the private sector and academia.
At the conference it was stated that Egypt will be one of the most attractive destinations for real estate investors in 2010.
It was stated that a conservative mortgage market has shielded Egypt from the worst excesses that led to the global economic downturn and left the country’s real estate market in a prime position to move forward in 2010.
Iman Ismail, managing director of EMRC, said
‘conservative lending was the main reason that Egypt did not experience the kid of catastrophic collapse seen in the US real estate market.
‘Egypt’s small mortgage market only started to develop over the past six years so we have been shielded from the global real estate crisis,’ said Ismail.
During the conference it was also stated that Egypt has plenty of opportunity for expansion as GDP and demographic growth continues for the foreseeable future.
Source: propertycommunity.com
Egyptian real estate market positive going into 2010, conference told
Monday, 23 November 2009 11:48 Ray Clancy Egypt – Egypt Property News
Shaz Yaqoob, Egypt Property Investment Consultant for Experience international said.
“We trend to agree as our statistics during the later half of 2009 showed a growing number of people enquiring about property investment opportunities in Egypt, property sales are increasing, and the number of quality and secure developments being released to foreign and domestic investors is also on the increase”
This is excellent news for both the Egypt property market and the investors who have got involved and those who plan to invest in the future.
