The real estate market in Egypt is experiencing intense competition

Real estate developers operating in Egypt fall into four categories: public sector companies, private sector Egyptian companies, multinational companies and individuals building their own houses. The sector used to be dominated by state-owned companies, but this has changed with the introduction of privatization program in the 1990s that has enabled the private sector to take the greater share of production.

As of 2014, the improved political and economic stability in Egypt has created new confidence in the real estate market. Consequently, the Cairo real estate market reports improvement in all sectors. Additionally, government and real estate officials in Egypt are looking forward to a boost in the market following recent investment pledges and new measures implemented in order to revive the sector.

The Egyptian market is starting to witness intense competition between the investment companies related to huge tenders and contracts for the implementation of a range of real estate projects. This will create a healthy competitive environment that will have a positive impact on the Egyptian economy. It is expected that the prices of Egypt’s property units will increase by up to 15 percent by end of 2014.