Cairo property market 'still attractive'

Despite the recent developments, the basic fundamentals of Cairo real estate market have not changed and looks positive for the medium to long-term, said real estate expert Jones Lang Lasalle in its recent report.

JLL in its latest Mena House View, predicted a positive medium to long term outlook for the Cairo real estate market despite the current challenges following Egypt’s recent political upheaval.

JLL pointed out that Egypt could emerge stronger eventually through greater transparency and business friendly policies.

"Despite the negative short term economic impact of the recent revolution, Egypt’s economy will continue to grow. In the short term, real estate activity in Cairo will remain depressed due to the on-going uncertainties dominating the post-revolution period," remarked Ayman Sami, head of Egypt office, JLL Mena.

Source: Trade Arabia