The Real Estate Market in 2019 Series (Part I)

The residential market has experienced a slowdown throughout 2018 and the first half of 2019. The slowdown in sales is attributed to two main factors; first, the residential market saw a 30% increase in supply during the first half of 2018, another 23% increase over the second half of the year. This contributed to market-wide confusion among consumers and investors. Second, the price per SQM, especially in the Eastern expansions of Greater Cairo such as New Cairo, NAC, and Mostaqbal have also experienced a 20% increase over 2017, largely due to costs of development, construction materials, and legal hurdles.

As of 2019, the residential market has experienced an increase in the number of transactions; a 22% increase compared to Q1 and Q2 of 2018 despite the slowdown persisting.

However, as of Q3 of 2019, the residential market is considered in recovery due to increasing demand fueled by appreciation rates and long-term payment plans.

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