High real estate prices in Egypt: between truth and exaggeration

introduction:

Real estate prices in Egypt have witnessed a noticeable rise in recent years, which has raised concerns among many citizens who aspire to own a private home.
reality:

There is no doubt that real estate prices in Egypt have risen significantly, but that does not mean that the entire market is witnessing a state of madness.
Reasons for high real estate prices:

Population increase: Egypt is witnessing a significant population increase, which leads to an increase in demand for real estate.
Short supply: There are not enough housing units to meet the increasing demand.

High construction costs: Construction costs have increased significantly due to rising prices of building materials.

Inflation: Inflation has caused the prices of all goods and services to rise, including real estate.

Exaggerated rise in real estate prices:

Some media: Some media tend to exaggerate the rise in real estate prices, which creates a state of panic among citizens.
Brokers: Some brokers may resort to exaggerating real estate prices to achieve greater profits.

Tips for those wishing to buy a property:

Find the best offers: Compare real estate prices in different regions before purchasing.
Negotiating with the seller: Feel free to negotiate with the seller to get the best price.

Real estate financing: Take advantage of the available real estate financing programs to purchase a property.

Conclusion:

The rise in real estate prices in Egypt is a real problem, but that does not mean that owning a private home is impossible. With good research and proper planning, everyone can achieve the dream of owning a home.
Discussion points:

What are your expectations for the future of real estate prices in Egypt?
What advice do you give to those wishing to buy a property?
What are the risks of floating the Egyptian pound on the real estate sector?
note:

This article is just an overview of the topic of rising real estate prices in Egypt.
Those wishing to purchase a property must conduct thorough research before making any decision.