In the last few years, Egyptians have been wondering about the future of the real estate sector, and whether it is going through an austerity phase leading to its ultimate demise or it is continuing to flourish all while responding to real demands. Thus, the million dollar question is whether real estate is, in fact, the right choice to invest in or not. With ever-so growing cities in Egypt, namely Cairo, Alexandria, the Red Sea and Ain El Sokhna, it is no wonder that city-dwellers are often plagued about housing options. The latter are not only deemed a ‘survival’ necessity for starting families, but they are crucial in terms of considering work and commute options. It is not unusual to consider real estate, in terms of purchasing, owning, managing, renting and selling, in order to lock down not just valid accommodation but also to increase one’s income. Among the many benefits of investing in real estate are providing cash flow for retirement, securing a passive income, providing an alternative residence choice and guaranteeing that your property value will increase over time as you hold longer to it. Looking at the…
