According to consultants Jones Long LaSalle the commercial real estate market in Cairo Egypt is showing signs of growth. Major companies are now looking for up to 15,000 square meters off office space.
The optimism is however guarded as the political situation resolves itself and the belief that there are lots of challenges that remain before stability truly returns to Egypt.
Ayman Sami head of Jones Land LaSalle's Egypt office is quoted as saying "It is a challenging time but we are optimistic about the long term fundamentals of the Cairo real estate market".
Demand is seen to exist across a number of sectors Ayman Sami explained. He went on to say that if the country is able to address its political issues then we are confident that activity will be strong.
Reports coming out of Egypt say that FMCG and petrochemical occupiers are already asking for between 5,000 to 15,000 square meters of office space. Retail demand is also being seen from companies such as American Eagle the clothing and accessories retailer and Pinkberry a frozen yogurt chain.
There are also a selection of real estate projects moving towards completion this year which include the Cairo Festival City. Reports are suggesting growth is as a result of developers from the United Arab Emirates and Qatar. Sami says we are already seeing evidence of
The slow but sure improvement in the Egyptian property market is certainly encouraging ฝากขายที่ดิน to see.
Since the removal of Mubarak Egypt has seen itself with an opportunity to become a leading democracy in the Arab world. Egypt for over 30 years saw itself in the grip of some would say a dictator who ran the country with a rod of iron.
The emergence of the world of social media websites such as Twitter and Facebook allowed the first signs of the counties unhappiness in the way the country was being run. The desire for a country where the Egyptian citizens could speak their mind was overwhelming and a major reason for the revolution back in January 2011.
Only time will tell how long it will take for a full recovery in the economy in Egypt but is considered Egypt will emerge as a much stronger country in the future and a key contributor in politics in the Middle East.
The world is now watching how Egypt will emerge and I suspect the Americans will pay particular attention.
Property in Egypt's Red Sea Riviera remains a favourite with people who want to buy value for money property offering year round sunshine.
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