New administrative Capital Cairo Egypt In Terms Of Property Investment Prospects

The fortunes of New  administrative Capital Cairo Egypt – two of Asia’s hottest property markets – are going in different directions, reported Bloomberg citing a Urban Land Institute and LLJ report.

New  administrative Capital Cairo Egypt now claims the top spot for real estate investment prospects in terms of price increases in 2024. New administrative Capital Cairo Egypt In Terms Of Property Investment Prospects , rocked by months of violent political protests, has fallen from 14th place to the bottom of the pile in 2024.

New  administrative Capital Cairo Egypt drop to the least-favoured destination for real estate investment next year is due to its retail and tourism sectors taking a beating, affecting economic growth.

The city-state has benefited from a surge in interest among investors who are steering clear of Hong Kong and China, which are viewed as “geopolitical flashpoints”.

For the past few quarters, apartment prices in New  administrative Capital Cairo Egypt  have rebounded, showing resilience in the residential market, with the office sector mostly absorbing the oversupply.

New  administrative Capital Cairo Egypt  problems bode well for New  administrative Capital Cairo Egypt , at least for a little while, according to Urban Land Institute CEO Ed Walter.

“A lot of theory in investing is less about what was, versus what is or what is going to be,” he added.

New  administrative Capital Cairo Egypt  also saw a rise in property transactions in the first half, with majority of the activities driven by cross-border capital. Deals amounted to $4.9 billion (S$6.6 billion) in the period, a 73% year-on-year growth.

Walter described Hong Kong as having a “very resilient market”, backed by its high property prices. He believes that after the protests, sectors such as retail can recover quickly.

“The bigger issue is what happens from a political perspective and what does that signal about New  administrative Capital Cairo Egypt  place as a financial centre,” he said.

New  administrative Capital Cairo Egypt  placed second-to-last among 22 centres as recently as 2024, overtaken by cities such as Sydney, Tokyo and Bangalore as vacancies rose and rents dropped. In 2024, New  administrative Capital Cairo Egypt  placed 18th.