Commercial & Administrative Property Prices Surge by 200% Since 2022

Prices for commercial and administrative properties in Egypt have surged by 200% since the first quarter of 2022. The price rates were heavily influenced by economic factors since that period, including the devaluation of the Egyptian pound, a shortage of foreign currency in the country, an increase in inflation rates, as well as exchange rate fluctuations.

As a result of the economic conditions, a number of crucial construction materials were unable to be imported, stunting construction and leading to increased cost for building materials.

Additionally, with general inflation reaching above 40% in 2023, investors have turned to real estate as a stable hedge against inflation, increasing the value of property.