Egypt real estate market requires developer and client balance

Economic expert Mohamed El-Degwy states that the Egyptian real estate market is entering a critical phase that necessitates enhanced cooperation between the state, the private sector, developers, and clients. This coordination is essential to navigate local and global economic challenges that have impacted construction, financing, and operational costs.

El-Degwy notes that while the Egyptian market possesses strong fundamentals for growth and expansion, developers face interconnected challenges. These include fluctuating prices for building materials, increased financing burdens, and the difficulty of creating accurate long-term budgets. Additionally, developers must manage costs related to land, licenses, utilities, labor, and marketing while meeting contractual obligations.

To maintain market stability and protect investor rights, El-Degwy emphasizes the need for more flexible and rapid administrative mechanisms. He suggests that realistic financial planning and procedural flexibility are key to managing economic variables without unfairly burdening clients or compromising project feasibility.