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مصراوي
Rates Fuel Price Rises
Mohamed Salama Ghabashi, Secretary-General of the Real Estate Developers Association, said the Central Bank of Egypt’s 1-percentage-point rate increase—to 20% for overnight deposits and 21% for overnight lending—raises financing and construction costs and puts pressure on purchasing power, potentially prompting some buyers to delay their decisions. He added that higher land, building-material, shipping and exchange-rate-linked input costs could feed through to the prices of units and new projects. For that reason, waiting for property prices to fall is not a guaranteed bet, despite annual inflation easing to 13.9% in September 2026. Ghabashi described real estate as an asset that can help hedge against volatility, and urged buyers to assess location, construction quality, returns and financial commitments before making a purchase.
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