Egypt: housing prices stabilize

Egypt's real estate market has stabilized - for housing prices start to recover to previous levels, according to the online source Property Show Rooms . According to investment bank analyst real estate market Egypt's Beltone Investment Bank Harshita Esker, many companies-developers had problems buying land under the government of former President Hosni Mubarak. Now the problem with the land decided, prices stabilize and investor confidence is beginning to return. This year the number of sales transactions will increase in comparison with 2011, especially in the last two quarters, according to Mr. Oz. HomesOverseas.ru