17 August, 2017
Cairo, Egypt: With consumer confidence returning to Egypt’s residential sector, Egyptians are looking for their next real estate opportunity.

NextMove Egypt will feature properties from all around Egypt

Developers are expected to pull out all the stops at this year’s Next Move Egypt – powered by Cityscape Egypt – a consumer-based exhibition, which aims to connect the country’s residential developers with potential homebuyers. Set to take place from December 14th – 16th at the Cairo International Convention Centre (CICC), the event will feature projects from across the country, which will include villas, townhouses, apartments, and gated communities, ranging between 250, 000 EGP to 2,25 million EGP. 

“Demand for property is high in Cairo”

“The demand for housing in Egypt is still a central issue,” says Tom Rhodes, Exhibition Director for Next Move Egypt and Cityscape Egypt. “Due to Greater Cairo’s burgeoning population of more than 20 million, for example, – roughly a quarter of Egypt’s total population – demand for housing in the capital area continues to outstrip supply. There are many Egyptians who need quality, affordable housing from developers in the country and Next Move Egypt will look at filling this gap.”

With the market looking up following the pound devaluation and the impact on the economy, consumers are now more than ever looking at the real estate industry. 

The Egyptian residential sector is being driven by a strong demand from a young and continuously growing population who are looking to purchase their own homes. Housing has risen to the top of the policy agenda. The country’s New Capital City, located 28 miles into the desert of East Cairo, is expected to absorb a large portion of the population, especially with extensive government efforts to accelerate the completion of projects aimed at accommodating shortages in affordable housing units for middle-income households. 

According to property consultant, JLL, Q2 saw continued confidence towards the residential market and has resulted in several developers announcing new projects or further stages of existing projects across Cairo. 

Exhibitor at NextMove Egypt will offer exclusive discounts

Visitors to this year’s Next Move Egypt, powered by Cityscape Egypt, will be able to avail a multitude of real estate opportunities that include special offers and discount prices.

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