2 Days
Source:
الاقتصادية
Middle class faces impact as Egypt housing market slows
The real estate market in Egypt, particularly in the middle and upper-middle housing sectors, has been experiencing a state of stagnation for nearly a year. The selling period has increased significantly, and sales volume declined by more than 13% in May 2025 compared to the same month of the previous year. This situation is attributed to a lack of liquidity among Egyptians, caused by their investments in gold and savings accounts, as well as rising land prices and financing issues. Consequently, there is a shortage of supply, estimated at around 150,000 units annually relative to demand. Experts predict that this decline will worsen without corrective measures, with the crisis persisting until prices are adjusted and more suitable financing mechanisms are adopted for the middle class, which is heavily affected and facing difficulties in repayment.
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