Cairo has been Egypt’s capital for decades. It contains more than 20% of the whole country’s population. Cairo has the highest number of offered real estate units among all of Egypt’s governorates with a great variety in prices from one district to another. The most popular districts in Cairo are New Cairo and October districts, which are characterized by a vast range of luxurious residential compounds offering different property types. Today’s topic is about the most popular property types that are easier to resale and have higher returns.
The Most Popular Property Types In Cairo
As we have mentioned before Cairo especially New Cairo and October districts have the largest number of residential compounds. Each one of these residential compounds offers you different types of properties with a disparity in the number offered in each type as follows:
October properties
- Apartments in October city have a share of 62% of the total number of listed units.
- Villas in October city have a share of 30% of the total number.
- Meanwhile, the commercial and administrative units have a share of 8%.
On the other side, the distribution of property types in New Cairo is different as follows:
New Cairo properties
- Apartments in New Cairo have a share of 73% of the total number of units listed in New Cairo.
- Villas come second place as they have a share of 16%.
- Commercial and administrative units have the smallest share of 11% of the total number of properties listed for sale in New Cairo city.
Best property types for resale
It is agreed that most of the time you don’t stay in one unit forever either you buy it as an investment with the intention of reselling it later or a need to upgrade. So what we can deduce from the previous facts is that apartment units have the highest percentage amount for all unit types. That gives us an indicator that apartments are the most demanded property type in the Egyptian real estate market. With that indicator in mind, buying an apartment property will be your best decision as it is easy to resale in case of liquidity need or if you needed to update anytime later on.
