In Egypt, there is still hope for the growth of real estate market

Now the situation in Egypt as a whole leaves much to be desired, but the housing market refused to give up without a fight, according to the online source Property Show Rooms with reference to the agency Zawya. In spite of the political turmoil in the country, the Egyptian real estate market has been an increase in demand in the second quarter of 2013 This increase may be due to government efforts to stabilize the economy. housing the country market can grow for several reasons - declining mortgage rates, the government's plan to stimulate investments, control the movement of capital, lack of alternative areas for investment in the short term, as well as possible the inflation pressure. Prices can rise and shortage of land for construction. As previously reported, sites in Egypt in the future may become more expensive, because now there is a shortage of land for the construction of new properties. At this point in the country, according to preliminary estimates of land for the construction of new facilities will be enough for two or three years. HomesOverseas.ru