Life & Society
Millions of Egyptians remain locked out of homeownership while around two million apartments sit empty, hoarded by families as inflation-proof assets rather than homes. While over 67 percent of Egyptians, equating to 72 million at the time, own apartments, according to the World Bank in 2019, the "closed apartments" phenomenon has become a symbol of economic inequality. Latest estimates of the Egypt Residential Property Market Analysis 2025 reveal that nearly 5.6 million urban housing units in Egypt are unused, either…
