The real estate market in Egypt specifically, and worldwide in general, has witnessed many changes and trends. Many high-end developments have been planned and delivered. Community markers redefined luxury living in their distinguishing projects.
All of these overall positive effects in the real estate market actually started with some negative consequences, internationally, but these global and local trends and the impact of an ever-evolving industry saved the day!
From political factors to economic causes, population growth, and, definitely, the ongoing effect of Covid-19 till this very second, participated differently. This blog will give you a 2024 wrap-up and the 2025 predictions regarding the real estate market trends.
Real Estate Market Trends
2024 witnessed many worldwide metamorphoses when it comes to the economy and politics. It has also unraveled distinctive evolvement and undeniable growth in different sectors. Humans’ demands changed, overall costs fluctuated, and many unique developments surfaced.
It all started with the rise of real estate property prices when the dollar rate increased. The construction costs got elevated with the high rise of inflation. Not to mention the elevated interest rates.
This led to Egypt widening its strategy, which included direct international investments, for example, the Ras El Hekma deal in February 2024. This has bumped the economic status of the country to more than 10 billion dollars and had a magical effect on tourism. Not to mention raising the employment rates and the many jobs it made available.
Other areas in Egypt have also been affected, and the variations in the housing market, home prices, and mortgage rates affected the real estate market trends in 2024.
The Effect of the Dollar Surge on Property Prices in Egypt 2024
In 2024, the house hunt became a very long and tiring process. And one of the main reasons was the elevated property prices. Many main residential areas in Egypt, such as New Cairo and El Sheikh Zayed witnessed an increase in unit costs, starting from an average of 20%.
Such fluctuations have set the pace for one of the real estate market trends in Egypt in 2024, introducing long and flexible payment plans. Furthermore, many developers offer exclusive deals, encouraging their clients to start investing as well as find their perfect homes.
2024 real estate market trends didn’t stop at selling properties, but also included the resale of existing homes and commercial properties as well.
The Real Estate Resale Market in 2024
The increase in property prices in 2024 has encouraged people to consider reselling during the first half of the year. Resale has become one of the real estate industry trends, as the market was observed to be one of the safe investment options.
But during the second half of the year, it declined.
The fluctuations in prices made buyers hesitant, and reselling slowed down. Investors and those who were looking for a housing option within their budgets awaited monetary stability, before putting their money in a real estate property.
The factors that set the trends of the real estate market change, not only annually, but also with worldwide events as well as local. Despite all of these mentioned elements, the industry was one of the major players in elevating the economic status of Egypt. We will tell you how right away.
How Such Variations Affected the Real Estate Market Trends
The real estate market in Egypt is an ever-changing industry, and these economic factors played major roles in its development. Smart sustainable cities came to the surface, and Egypt’s 2030 vision and goals, which all started in 2016, are coming to light.
From the development of the New Administrative Capital of Egypt to building technology-driven cities, the real estate market in the country didn’t only change in 2024, but its trends also redefined people’s ideas of luxury and convenience.
The new cities in Egypt merge sustainability and technology in flawless developments. Some of these distinguishing destinations aren’t only residential as well! They exhibit state-of-the-art vacation gateways and commercial real estate projects.
Egypt’s 2030 vision has set the pace of the distinguishing trends in the real estate market. For example, the development of the New Administrative Capital. In no time, it became one of the best residential destinations in Egypt. Let’s take a quick tour around the city.
The New Capital City in Egypt
One of the real estate market trends is the perfect development of fully integrated, smart, and sustainable cities in Egypt. The New Administrative Capital is no exception.
The New Capital City expands over approximately 172,000 acres of land. It is not only a governmental and business destination but also a residential one. Many real estate developers set the mode of luxury housing trends in the market by building high-end projects in the area.
Some of the top compounds in the New Capital are:
- La Vista City
- Vinci New Capital Compound
- The Capitalway
- IL Bosco New Capital City
- Al Maqsad
Furthermore, the commercial and administrative real estate projects in the New Capital have set the mode of the business market trends and smart workplaces, and they include:
- Levels Business Tower
- East Tower
- Zia Business Complex
- Pagoda Business Complex
- Vinci Street
The New Capital City is a smart and sustainable development with a broad range of facilities, making it one of the best living destinations in Egypt, such as:
- International schools and renowned universities, including Princeton International School and the British Coventry University.
- Medical City
- Knowledge City
- The Opera House
- Expo City
The development of new living destinations in Egypt wasn’t the only highlight in the real estate market trends. Building innovative, smart technology-operated compounds within, already, some of the top residential areas in the country, came into view as well.
Smart Gated Communities in Egypt
Choosing to put money in a real estate unit within a smart community is one of the trends in the global market as well as in Egypt. It depicts how buyers started perceiving luxury and convenient lifestyles.
Egypt boasts many housing options with technology-operated compounds, built by some of the top real estate developers in the country, and they include:
- Skyline Katameya
- SODIC Villette
- IL Bosco Mostakbal City
If you are worrying about the prices of such smart projects with the global and local real estate sectors requiring big budgets, as we mentioned above, one of the trends in the market in Egypt includes flexible payment options! Let’s dive deeper into its details.
Real Estate Market Trends in Egypt: Longer Payment Plans
To oppose the negative effects of raised prices of the market on sales, real estate developers introduced one of the smartest trends: longer installment plans. This option lessens the financial burden on individuals and attracts the next generations of homeowners.
The significant elevation of the global real estate market, and in Egypt, from the construction to the buying costs, has actually led to smartly picking the trends to follow. Limiting the purchasing power of those on the hunt for their next home was counterattacked.
The extended payment options have uplifted the real estate sales in 2024. You can now own your luxurious property in many fancy compounds in Egypt with a long installment plan of 8 years and more.
Furthermore, if you are looking for a ready-to-move property, Nawy’s mortgage service, Nawy Now is your perfect option!
Nawy Now
In Nawy, we keep redefining the real estate purchasing market trends in Egypt, and this financing option grants those who are looking for a lavish home with a suitable and organized budget a flawless opportunity.
Nawy Now is a mortgage service in which you pick your elite next address from any of the units available in our inventory, set up a suitable payment plan for your budget that can extend to 10 years, move in right away, and pay later.
Additionally, Nawy Now’s inventory includes many luxurious properties in some of the most lavish compounds that reshaped the real estate market trends in Egypt, for instance:
- Badya 6 October Compound
- Mountain View iCity October
- Mountain View iCity New Cairo
- Palm Hills New Cairo
- Madinaty TMG
In addition to the flexible payment options, one of the real estate industry trends in Egypt, based on the increased prices in the global market, was exclusive offers by many of the top developers. Let’s get into its details.
Real Estate Offers in Egypt
The price bump in the global market has definitely been reflected in the real estate industry in Egypt as well, setting some new trends such as exclusive offers and diverse promotions. They are often during their off-peak periods.
These offers open the doors for people looking for their next housing option, whether a vacation house or a residential home. Not to mention that most of these exclusive offers are during Cityscape Egypt, the largest real estate exhibition in the country.
Moreover, the increased prices not only encourage people to invest in the real estate market but also to make passive income out of it, setting one of the trends in the industry: an increase in reselling properties.
2024 Real Estate Market Trends: More People Reselling
Real estate investment carries many huge perks, some of which are high ROI and gaining passive income. 2024’s inflation rates have brought these two benefits to light.
The global real estate market has witnessed huge changes and unique trends, and one of the sharp ones in Egypt was reselling units and flipping properties. With the expanded demand for housing options in the country because of the increased population, and how people started seeing luxury living, resale properties became one of the best options to consider.
Many buyers smartly used the increased prices in their favor, and resold their owned properties and investments.
It seems that one of the trends in the market in 2024 has unraveled the high ROI associated with the perks of real estate investment, right? 2025 will be no exception as well!
Real Estate Market Trends in 2025: What May Happen?
According to Statista, the value of the real estate sector in Egypt is expected to increase to 1.58 trillion dollars in 2025, 1.18 trillion USD alone would go to residential projects.
Additionally, many foreign investors are motivated to invest in the real estate market in Egypt as the country’s stable economy will bring more growth.
The real estate market trends in 2025 will be all about innovative developments, offering the coming generations of homeowners elite, smart communities in many of Egypt’s prestigious locations, as well as the new cities being in the process of perfection.
Final Thought
The trends of the global real estate industry have reestablished the ones in Egypt as well, creating many options for future homeowners to pick from. Not to mention that it paved the way for one of the huge benefits of investment in such an ever-evolving sector to be highlighted.
Ready to experience this too?
Nawy’s consultants will help you pick the most suitable property for you. Fill in the form on our website and one of our expert representatives will contact you in no time and assist you throughout the process and run it seamlessly.
