These mechanisms also involve evaluating the economic impact of the idea of establishing a real estate exchange, which will serve as a platform enabling investors and real estate companies to buy and sell stakes in real estate assets and invest in them. This exchange would complement traditional real estate markets, offering opportunities for real-time trading and more liquid investments in the real estate sector. It is planned that the proposed draft laws will be presented to the Cabinet soon, contributing to facilitating foreign ownership of real estate, Saad added. The meeting also discussed notable international experiences related to real estate trading, as well as models of real estate stock exchanges in different countries that could be applied practically to the Egyptian real estate market. The meeting also addressed the proposal to hold meetings with Egyptian experts abroad specializing in real estate investment, to exchange insights on all matters related to this issue.

Source: Egypt Today August 14, 2023 15:23 UTC