Meeting of the Developers Association

An emergency meeting of the New Cairo Developers Association and the Administrative Capital on Wednesday, 2/15/2023
To discuss the challenges facing the Egyptian real estate sector and real estate companies, and the investment opportunities available during the next stage.
Eng. Mohamed Al-Bustani, Chairman of the Board of Directors of the New Cairo Developers Association and the Administrative Capital, confirmed that the conference, which will be held on February 15, 2023, will discuss all the challenges facing the real estate sector, real estate companies and developers in Egypt.
A state of great apprehension prevails during the next stage in the Egyptian real estate market, and apprehensions about the pricing of apartments within the real estate projects that companies are currently implementing, whether in the New Administrative Capital or other new cities and fourth generation cities.
Specialists in real estate affairs assert that real estate prices will witness a significant increase in the coming days, which could reach 30%, according to Eng. Mohamed El-Bustani, Chairman of the Board of Directors of the New Cairo and Capital Developers Association and Deputy of the Real Estate Investment Division of the Federation of Egyptian Industries.
Al-Bustani confirmed, during exclusive statements to Al-Nafida Gate, that the high prices of building materials will prompt real estate companies to raise the prices of their apartments.
He advised customers to quickly purchase because the current time is the best in light of the challenges and developments that the Egyptian real estate market is currently witnessing.