49 Days
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الشرق الأوسط
Egypt's housing crisis persists despite surplus
Egypt is facing a severe housing crisis due to rising real estate prices and rents, making it difficult for middle and lower-income classes to afford them, despite a surplus of housing units available. The core issue centers around declining purchasing power, forcing many to reside in areas with high rents. Most Egyptians build their own homes or rely on the rental market rather than purchasing directly. Although social housing projects and units with eased conditions have been implemented, high costs and large down payments remain barriers for the most vulnerable groups. Experts are calling for increased government intervention and incentives for developers to offer affordable units for low-income families, as well as promoting a reasonable rental market, in order to prevent the worsening of the crisis.
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