Egypt Construction

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How do you foresee demand for dedicated retail property evolving in Egypt?

A tried and tested solution to many breaches of the law throughout the world is to legalise the activity – and then tax it. This is the approach the Egyptian authorities have considered towards the issue of illegal construction. A draft law put forward in August 2014 will permit an amnesty period of six months in an attempt to tackle a problem that has existed for decades, but...

The contention that nothing is certain except for death and taxes has been given further credence as property taxes have finally become an established part of Egyptian life. A law to impose these levies was first introduced six years ago, but was never enforced in the face of strong opposition from property owners, and demands that the threshold and criteria be changed.

Mortgages on property of all kinds have been available in Egypt for the past 13 years since the relevant law, No. 148, was introduced in August 2001. Yet only recently have there been moves to provide financing for home-buyers seeking to repay their loans over longer periods of up to 20 years. It is estimated that as many as two-thirds of individual home purchases are paid for...

After a sharp decline in real estate activity in 2011, the market has crawled back and many companies should see full-year figures for 2014 return to pre-revolution levels. Players in the market predicated their expectations for the year on continued stability. They were not disappointed, and higher sales volumes and values have been reported throughout 2014 as Egyptians...

Where are the greatest opportunities for engineering, procurement and construction contractors?

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