Real Estate Market Faces Challenges Amid Currency Fluctuations
September 8, 2025 - 04:22
Mohamed Al-Bostany, President of the Association of Real Estate Developers, has highlighted the significant impact of the recent devaluation of the local currency on the real estate market. The sharp increase in the value of the US dollar on the parallel market, which surged from EGP 50 to EGP 75 over the past year, has created a challenging environment for property developers and investors. This dramatic rise lasted for approximately two months, leading to uncertainty in pricing and investment strategies.
Al-Bostany noted that the market is currently experiencing a slowdown, with limited room for price hikes. The volatility in currency exchange rates has made it difficult for developers to set competitive prices while maintaining profitability. As a result, many potential buyers are hesitant to make purchases, fearing further economic instability. The real estate sector is now navigating these turbulent waters, with stakeholders keenly observing market trends and adjusting their strategies accordingly.
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