مصر.. مبيعات أكبر 10 شركات عقارية تقفز 217% في الربع الأول

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00:00With a growth rate of more than 200%, the sales of more than 10 real estate companies in Egypt during the first quarter

00:08showed clear signs of increasing demand for real estate,

00:13considering it a safe haven for many investors and investors inside and outside of Egypt.

00:19The sales of these companies during the first quarter jumped to 235 billion pounds.

00:26The group of Talaat Mostafa issued them with sales of more than 63 billion pounds

00:32and Palm Hills with sales of 29 billion pounds.

00:36Sales focused on most of them before the release of the June exchange rate in March,

00:41where the purchase of real estate was one of the most important tools of inflation from the rise of inflation and the decrease of pounds.

00:47I see that this is a continuation of the situation of the decline in the purchase of real estate

00:53by the Egyptian investors in order to protect their savings,

00:57supported by unprecedented purchases from the Gulf investors and the Egyptian exporters.

01:07This was until the date of the release of the exchange rate.

01:11After the release of the exchange rate, there is a relative calm now

01:15and the market is monitored by the buyers.

01:18Despite the influx of billions of dollars on the Egyptian economy,

01:22whether from the head of wisdom or the financing of international institutions,

01:26the file of the export of real estate remained one of the most important files that Egypt is working on

01:31to attract more foreign money, whether from foreigners or Egyptians working abroad.

01:37Recently, foreigners were allowed to own any number of buildings or land

01:42as long as their value was transferred from abroad.

01:45The release of real estate will represent attracting foreign capital in the form of investment in the real estate sector.

01:52Yesterday, on the 5th of August, the Prime Minister and the Minister of Justice issued a amendment to Law 230 of 1996,

02:01which explains foreign ownership of real estate in Egypt.

02:06This makes it easier for them to transfer dollars from outside Egypt.

02:11This confirms that we are attracting foreign investment in Egypt.

02:15While the first quarter of the year saw more than 18,000 real estate units sold,

02:20there were concerns about the quality of demand in the coming period,

02:24as well as the stability of the exchange rate,

02:27in addition to the large increase in real estate prices in Egypt in 2023.

02:33The sales of real estate companies during the first quarter confirm that real estate will remain a preferred direction

02:39for many researchers to secure their savings and investments,

02:43despite the expectations that demand will slow down during the second half of the year,

02:48with the stability of the exchange rate.

02:50Yasin Al-Gohari, CNBC Arabia, Cairo