Cityscape Intelligence is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Covid-19 Economy Impact
5

Cairo’s Real Estate Market performance in 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 favorable 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.

  Join Cityscape Intelligence live at the Cityscape exhibition in Egypt,                                  4-7 November at the EIEC. Register here

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish