FILE - San Stefano Grand Plaza, Alexandria, EgyptCAIRO - 27 September 2018: Home ownership is a goal for the majority of Egyptians, for both cultural and financial reasons. Today it is followed by the UAE, among other countries.Real estate ads imply that it is the only business in Egypt. Because developers sell units by targeting a certain profit margin with an estimated cost of construction allocated over years of construction. That’s why real estate developers (representing the supply side) want to penetrate class C as it is still a blue market.How? Besides current government development projects, this can accelerate the development plan and increase GDP growth.

Source: Egypt Today September 27, 2018 10:07 UTC