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Knight Frank: $1.4bln of private capital targets Egypt’s residential market as demand surges
['Press Release']
Zawya.com - All Regional News
Faisal Durrani, Partner – Head of Research, MENA, said: “Egypt’s metamorphosis into a regional real estate development powerhouse is well and truly underway.
Greater Cairo’s residential real estate market is gaining significant momentum, driven by strong developer confidence and attractive buyer financing schemes.
Durrani highlighted: “We have been able to identify US$ 1.4bn of potential private capital that is actively targeting Egypt’s residential market.
The office market followed at 49%, while branded residences (45%) rounded off the top three areas of interest.
OFFICE MARKET EXPANSIONCairo's office market is also experiencing rapid expansion, with new developments set to increase stock by 82% by 2030.