Real estate expert: 60% of market sales during 2022 are in favor of the Administrative Capital

Bassem Nasri a real estate expert said that the New Administrative Capital has begun to draw the Egyptian real estate policy which made it the first choice for all investors whether inside or outside Egypt as it acquired more than 60% of the share of sales during the year 2022.

The economist said in press statements today Sunday that prices in the New Administrative Capital will rise by 10 to 15% in the new year 2023, due to the increasing growth in purchase demand and high prices, especially with the developer's commitment to mandatory delivery dates with the company.

The Administrative Capital, in addition to the acceleration of companies in providing great facilities to customers as a payment period of up to 12 years while providing innovative solutions to customers by providing a monthly rental return for specific periods.

Nasri pointed out that the capital construction work will be continuously completed in all types of development including commercial residential and administrative investment projects in the administrative capital, The real estate expert confirmed that the real estate market in Egypt in 2022 witnessed more stability and growth and a boom in sales rates in real estate projects, that are being implemented in the Administrative Capital, especially with the completion of the construction works of the government district, and the start of the experimental settlement stage.