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Egyptian property market will get the better of competitors
Egyptian property market will get the better of competitors
June 03, 2010According to Dubai analyst, Ahmed Badr, during the next year, shares of Egyptian companies operating in property domain are expected to show the best results throughout Mid-East and North Africa.
The expert believes that shares will appreciate due to the recovery of domestic housing demand, especially in the middle price segment. This would lay the most favorable impact on property sales, Bloomberg says.
Furthermore, the analyst sees “potential for rapid growth” on Cairo commercial property market. Capital’s vacancy rates in commercial buildings are near zero, the expert says.
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