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المصري اليوم
Home Furnishing Costs Rise as Purchases Drop
Electrical appliance sales have experienced a significant decline, dropping by up to 60% since the latter half of August, with a clear impact on manufacturers and merchants. This decrease is mainly due to reduced demand caused by rising prices and consumers' tendency to repair rather than purchase new appliances. Additionally, the average cost of furnishing a home ranges between 150,000 and 170,000 Egyptian pounds without air conditioning units, while some refrigerators cost as much as 250,000 pounds. Manufacturers have called for price increases, but these requests have been rejected because the market cannot bear further price hikes. Some companies are turning to offers such as interest-free installment plans and cashback features to stimulate sales. **In summary**: The economic crisis and rising prices have led to a 60% downturn in the market, with companies attempting to attract consumers through special offers and installment plans.
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