Cairo Property Market Set to Grow

The most recent report from Egypt indicates that the Cairo housing and property market is on the move. Real estate research and investment firm Jones Lang LaSalle just released its newest report on Cairo entitled Cairo: Open for Global Business at the fourth annual Cairo Investment Forum. The report noted that Egypt’s capital is well-served by a growing local economy and its location between Africa and the Middle East.

The hospitality and tourism sectors are featured prominently as they are expected to grow substantially with increases in international and regional tourists. There is also demand for housing in a full range of prices and locations, as the market has a major shortage of just about all types of property.

An increasing number of international companies are opening regional locations in Cairo, adding to demands for office space, retail and high-quality housing for corporate employees. There are a large number of Fortune 500 companies in the city and more are looking at the opportunities here. For international property investors there is also a significant demand for high quality retail and office units. 2010 and beyond should offer plenty of opportunities for property buyers in Cairo.

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