The Real Estate Development Of Egypt Essay - 1810 Words

We have decided to invest in Cairo, Egypt. Our company named Bassma Real Estate, aimed at developing a real estate property in the New Cairo settlement. Egypt is a unique country with great potential. The real estate market in Egypt is like no other in the Middle East or Africa. It has withstood two revolutions and major political and economic instability. Yet it remains resilient and has seen tremendous growth over the past few years. Land prices have seen a steady increase in value at an average of 10% per year since 2010.(Egypt property market,2015) Another unique factor to Egypt is its population growth, growth rate of around 2.0 it is the highest in Africa making real estate development not only an opportunity but also a necessity. Our product is luxury residential apartments aimed at the upper middle class, specifically young couples who are looking to buy their first home. We offer a unique approach by positioning ourselves as experts on shepherding first-time home buyers comf ortably through the process of buying a home they like and can afford. Like any investment it does not come without risks, but Egypt has some unique challenges to it. Mainly, its currently weak currency. Although it has begun to stabilize it is still weak and does not look to becoming stronger in the near future. We hope to take advantage of the opportunities this endeavor provides us and to establish our brand so as to develop more properties in Cairo and may even expand beyond that. Egypt’sShow MoreRelatedThe Causes Of The Overwhelming Civil War In Syria1183 Words   |  5 Pagesdisagreements which reduces tourist’s expenditures and decrease GDP. †¢ Total employment in tourism sector dropped since the beginning of the Syrian war. 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