OLX Egypt, the classifieds platform in Egypt, revealed the detailed property market trends report for the first half (H1) of 2017 (January to June 2017). The report exposes the opportunities in the real estate market, indicating optimistic insights for rent and purchases based on online user habits. Despite the economic downturn and a hike in inflation, over 5 million Egyptians used OLX Egypt monthly in H1 2017, with an average of 33 million visits recorded in the real estate section alone. According to the report, OLX identified that each user spends an average of 11 minutes browsing OLX Property in each visit and receives the first lead within 48 hours of a published listing. For the property section, the results show an overview of the performance of the property market relative to geographical locations and pricing categories during 2017.

Source: Daily News Egypt August 15, 2017 06:00 UTC