19 Hrs
Source:
الاقتصادية
Challenges Impacting Egypt's Real Estate Market
The Egyptian real estate market is experiencing a rise in disputes between developers and clients, driven by economic pressures that have led some buyers to struggle with paying installments, as well as differing terms regarding contract cancellations, transfers, and delays in delivery. Conflicts over contract conditions, especially fees for cancellation and transfer, have intensified tensions between parties, prompting many to turn to the courts amid a surge in real estate dispute cases—especially with the changing price levels in 2024, which have heightened pressures on buyers. Experts believe that some buyers treat property as a short-term investment aimed at quick profits, threatening the market's stability. This underscores the need for more balanced contractual regulations and clear guidelines governing the relationship between developers and clients.
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