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FINANCIAL NEWS
Egypt’s real estate market grows by 25 percent
11 Jul 2016
(MENAFN) Egypt’s rental properties expected to increase as summer rolls in and Ramadan comes to a close, which is the time when the price of rental properties always grows.
Moreover, rent prices will increase by 25 percent this summer, one of the highest increases witnessed in a long time, depending on tourists flocking in from the Gulf.
Accordingly, the contact with Gulf tourists is established a month before the individual lands in Cairo, and a deposit is paid in advance.
In addition, the cost of renting an apartment in Downtown Cairo costs between USD 0.78mn and USD 0.89mn a month.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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