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CITYSCAPE EGYPT TO WELCOME REVIVED BUYER INTEREST AS REAL ESTATE MARKET CONFIDENCE RETURNS
A revived buyer interest in the Egyptian real estate market has been illustrated by a sharp increase of EGP23.3 billion in investments during 2018, and this will be stimulated further by a pipeline of 700,000 units expected to be delivered by June 2020 according to figures from Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS).
Cityscape Egypt, the country's largest real estate exhibition and conference on property development, presents industry experts with the perfect chance to identify the current opportunities and challenges facing the resurgent real estate market.
The four-day event, which runs from 18-21 March at Egypt International Exhibition Center (EIEC), will feature newly launched projects and developments in the country, and will feature a line-up of over 60 local and international exhibitors including Al Futtaim, Orascom, City Edge, Hyde Park, Palm Hills, Imkan Misr (Capital Group) and Misr Italia.
“There are promising signs that Egypt’s real estate is witnessing a resurgence,” said Chris Speller, Cityscape Group Director of Informa Markets, which organises the event. “These figures will come as welcome encouragement for real estate developers and industry professionals in the country, with many looking to capitalise on this upward trend in 2020