RE/MAX Egypt, real estate brokerage firm, targets achieving more than EGP 6bn in sales for real estate developers by the end of the current year, according to Khaled Nassar chairperson and regional director for RE/MAX Egypt and UAE. He added that 70% of achieved sales are resale transactions and 30% are new project sales. He indicated that the liberalisation of the Egyptian pound affected the import of real estate i.e. However, New Alamein, the North Coast and Ain Sokhna have a potential to attract foreigners and motivate real estate export. RE/MAX Egypt launched its first office in Egypt in 2012, and has a presence in six governorates.

Source: Daily News Egypt October 29, 2018 19:52 UTC