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FINANCIAL NEWS
Construction prices in Egypt grow by 35-40pct
20 Sep 2017
(MENAFN) Managing Director of SODIC proclaimed that 36 percent of Egypt’s lands are affordable, while the demand is very high, noting that 70 percent of the population are youth.
However, due to the challenging time, firms and developers had to offer some facilities to clients, like reducing down payments and increasing installment periods.
Furthermore, construction prices grew by 35-40 percent after the devaluation of the pound.
In addition, the available mortgage fund in the coming sector is projected at EGP6bn, although the needed amount is almost EGP60bn.
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MENAFN2009201700450000ID1095878598
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