A recent study of the real estate market in Egypt by YouGov confirmed that there is an average and stable growth in the real estate market, said the company’s managing director Yasser Omar.
YouGov is an internet-based market research firm.
The study revealed that 69% of workers and consumers in the real estate market believe that investment growth in real estate will proceed according to normal growth rates over the next 12 months.
During his presentation of the study on the second day of Cityscape conference, Omar said the study surveyed 1,700 individuals, of which1,200 were consumer and real estate developers, while the remaining percentage represents specialists in the real estate market.
Omar pointed out that the percentage of customers the study samples assesses that the market no longer includes housing units that commensurate with the majority of individuals’ financial resources.
When citizens are about to make their own purchasing decisions, the available services such as places of worship, shopping malls, and schools are considered as key elements, according to the study. Omar pointed out that investments still strongly focus on the Greater Cairo area compared to other areas in the country.