Shortfall of affordable housing in egypt

A new survey of the Middle East and North Africa (MENA) region has revealed that Egypt has a chronic shortage of affordable housing.

The nation was named as having the greatest lack of supply of this kind of property by Jones Lang Lasalle, with the firm estimating that a further 1.5 million such homes are required to meet the needs of the country's population.

Craig Plumb, head of research MENA at the company, told Arabian Business that "this is the greatest opportunity that the development industry has at the moment".

He explained that more public private partnerships could help boost the supply of affordable properties in Egypt, stressing that more developers in the Gulf region are likely to get involved in such projects.

Source: PropertyShowrooms.com