The residential market has experienced strong price increases over the past year, which resulted in a number of new projects being launched during the first quarter (Q1) of 2018, according to Jones Lang LaSalle’s report Cairo Real Estate Market Q1 2018. Regarding supply, the report noted that around 2,000 units were completed during, Q1 bringing the community supply to around 138,000. This situation has now stabilised and some of these declines are being recouped, with rentals increasing by 10% in US dollar terms in Q1 2018. “Retail sales across Egypt continue to increase and the total retail sales reached $79.5bn in 2017, with the figure forecast to increase by around 17% to reach $95.3bn during 2018. While rents have increased in New Cairo in Q1, rents in the Central Business District and west Cairo have remained unchanged.

Source: Daily News Egypt April 23, 2018 07:18 UTC