DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/43f1b0/egypt_real_estate) has announced the addition of the "Egypt Real Estate Report Q1 2012" report to their offering.
Following 2011's political crisis, BMI's forecasts see trend growth in Egypt settling over the coming five years, as the political transition from authoritarian rule to competitive democracy raises political risks, slows reform momentum and weakens investment inflows. BMI forecasts real GDP to expand by an average 4.2% between 2011 and 2015. BMI is not yet able to fully measure the impact of the political unrest on the rental real estate market; however, BMI's in-country sources reported towards the end of H111 that rents had not been affected by the troubles and grew, for the most part, in each city and in each subsector.
Key Opportunities in the Real Estate Market:
- Delayed projects open up even more opportunity for developers to meet the needs of a growing population in a healthy economy.
- Significant investment and growth opportunities will emerge once there is more clarity on the political situation. Broadly speaking BMI retains an optimistic view towards the economy's long-term potential. The key underlying factors predicating this long-term view are robust economic growth allied to strong population fundamentals and an urbanisation rate of 2% a year. Key risks to the real estate market:
- The legal contestation of land contracts runs the risk of delaying projects, criminal charges against the owners of construction firms and the continued tarnishing of the industry's reputation. Egyptian courts have finally removed a presidential decree that allowed state bodies to sell land and pocket the proceeds, according to Trade Arabia in June 2011.
Companies Mentioned:
- Egyptian Resorts Company
- Nasr City Housing and Development
- Orascom Construction Industries
- Palm Hills Development
- Saudi Egyptian Construction Company (SECON)
- SODIC
- TMG Holding
For more information visit http://www.researchandmarkets.com/research/43f1b0/egypt_real_estate