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FINANCIAL NEWS
Sale of vacation properties to grow by 40 pct in Egypt
03 May 2016
(MENAFN) The sale of vacation properties will increase between 30-40 percent this year owing to increased demand from Egyptians and Arabs.
Moreover, the reduction of the Egyptian pound against the dollar will be a substance for the growth of real estate investment in the coming period.
The firm is focusing its sales on Egyptians as well as nationals living abroad; while properties will also be sold to Arabs in the recent season.
In addition, the project involves 2,000 housing units differs between tourist villas and chalets, with investments of USD 0.20bn.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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