Awaiting Image

Investor attitudes towards Egypt property improve

Investors have become increasingly optimistic about Egypt’s property sector as the government has taken further steps to sure up any concerns over disputes that arose after the departure of Mr Mubarak.

The Government have announced that they will resolve any outstanding land bank issues as part of their plan to give better legal protection to property owners and create a much more secure market for investors.

Mostafa Abdel Aziz, the regional trading manager at Beltone Financial in Cairo commented on how the markets reacted to the news.

“[The government announcement] was the first trigger that moved the sector and enhanced investor sentiment,”

The official announcement has arrived with a raft of other positive actions that have recently improved the position of Egypt’s property sector, including a recovery of the tourism industry as well as substantial foreign investment from countries such as Saudi Arabia.

Source: The National

Subscribe to our newsletter

Please enter your name and email address

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Select Property Group in relation to its property investment brands.

There was an error with your subscription. Please try again.
Thank you for subscribing. You will now be fully informed of all investment property news and insights.