Do you have two properties? Maybe a beach house? Or a property you are renting? Do you know that if you sell it, you can make a fortune? These days everyone is turning to real estate for its lucrative investment opportunities. As a result, the industry is flourishing and you can flip your house for 2x or even 3x what you bought it for.
So now the question arises; is the Egyptian real estate market a seller’s or a buyer’s market? Keep reading to learn more about the Egyptian real estate market and how you can benefit from its current state.
Seller’s Real Estate Market
With the devaluation of the Egyptian currency, the global economic crisis, and the boom in the Egyptian real estate market, should you sell your house? There are two arguments here; both are quite convincing but the real difference depends on your priorities.
Before we go into further detail about the current state of the Egyptian real estate market, let’s take a quick look at the difference between a seller’s and a buyer’s market.
- Seller’s market: this describes a market that has demand higher than supply.
- Buyer’s market: this describes a market that has a higher supply than demand.
We can’t say that currently, the Egyptian real estate market is a seller’s market as there are plenty of primary properties available but with the demand increasing by the minute, who can say what will it be by the end of the year or even the day?
Should You Sell Your House?
Now back to our main topic, should you sell your second house? The first argument is; if you need cash liquidity for any reason, then selling your second house is a great option. Especially since the prices are surging and you can easily get double (or more) than what you paid.
Despite the high ROI, many people argue that if you don’t need cash liquidity at the moment, holding on to your real estate investments means holding your money’s value. You can also learn more about the Egyptian real estate market in How Did The Recent Devaluation Affect The Real Estate In Egypt?
To sum up, you need to prioritize first and then decide if you should or you shouldn’t sell your second house. Keeping in mind that these days prices are constantly increasing so money can be growing on your trees!
How To Sell Your House?
If you are thinking of selling your second house and taking advantage of the current Egyptian real estate market, we got your back! Through Nawy’s platform, you can sell your house with 3 easy steps.
- List your property here
- Wait for a Nawy property consultant to call you (keep your phone nearby, it won’t take long)
- Meet with serious buyers and SELL YOUR HOUSE!
Bottom Line
Selling your house now in this economy means high ROI and cash liquidity that you can invest in many other ventures. Many people are even flipping houses these days and making even more money!
Visit Nawy and sell your house with the easiest process.
