Real estate expert Salma Elogil has noted a significant increase in the prices of essential goods, including cars, due to global economic pressures and regional conflicts impacting Egypt's economy. Despite the real estate market also experiencing price hikes, recent economic reforms by the Egyptian government have resulted in a stabilization of exchange rates and a decrease in overpriced goods linked to currency fluctuations. Elogil highlights the unique nature of the real estate market, with factors such as investment value and delivery timelines influencing pricing. Developers are offering extended payment plans of up to 10 years, reflecting a shift towards long-term financing options for consumers. Looking ahead, Elogil predicts a period of price stability in the real estate market, with gradual annual increases as properties near completion and are ready for handover. This anticipated steady rise of 10 to 15% per year suggests a manageable outlook for buyers post-recent price adjustments.
