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Salam predicts under 10% real estate rise in 2026
Engineer Abdullah Salama, CEO of Madinet Misr, stated that real estate prices are unlikely to increase by more than 10% during 2026, despite the economic challenges. He explained that the rise in unit prices in the first half of the year did not exceed 5%, while costs increased at higher rates, putting pressure on profit margins. Despite the challenges, the company achieved record sales worth 27.2 billion pounds over the six months, and it is anticipated that its sales will exceed 20 billion pounds by the end of the year for the first time.
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