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Covid-19 Economy Impact

The Cairo Real Estate Market Q1 2020

A brief overview of Cairo’s Real Estate Market performance in Q1, with an analysis on future projects’ delivery despite delays cause by COVID-19.

The office sector has witnessed a rise in demand on quality, smaller fitted out spaces and SMEs are being supported by the Central Bank of Egypt. The residential market has experienced a delay in delivery of new units, and expect potential completion dates to spill over into 2021/2022. With a lockdown initiated due to COVID-19, there has been a significant rise in e-commerce and sales, thus positively impacting the warehousing and logistics market in Egypt. Though Q1 was a favourable quarter for the hospitality sector, the travel and tourism restrictions that came into effect as a result of the pandemic have quickly impacted the occupancy rates. Read more about the Q1 performance of Cairo’s Real Estate in this JLL report.

TAGS: Residential
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