Developers have to offer innovative products, state should provide more facilities to stimulate industry

Egypt’s real estate developers have to look for different ideas in their products to suit customers’ purchasing power and meet their current needs, CEO of Serac Developments Kareem Mamoun has said. 

Daily News Egypt sat down with Mamoun to learn more about his recommendations to boost the local real estate industry and increase property sales.

Mamoun stated that the customer cares about price and quality by offering units at prices commensurate with customer’s ability and ensures that the developer constructs his project in accordance with the timetables agreed upon with the client.

Client needs an investment vessel, in which he preserves value of his money from inflation and currency depreciation, and this will come through an existing project and adherence to construction schedules to maintain trust between developer and client. This requires that developers have good financial solvency and be able to develop and deliver units in time, Mamoun elaborated.