• Residential real estate prices in Egypt surged in 2024, with ownership increasing by up to 116% and rentals by 108%.
• The sharp rise is linked to the Egyptian pound’s depreciation in early 2024, impacting affordability and market dynamics.
• The market remained calm in late 2024 and early 2025, as stable exchange rates reduced urgency among buyers and investors.

Real Estate Prices

What happened? Ayman Sami, the Country Head of JLL Egypt, said that residential real estate prices in Egypt rose during 2024. He further detailed that ownership prices rose between 112% to 116% while rental prices rose by 108%. Furthermore, he explains that this is due to the depreciation of the Egyptian pound in the first quarter of 2024. 

Market Stability In an interview with Alarabiya Business, he added that the market has been relatively calm during the last half of 2024 and the first quarter of 2025, due to stable exchange rates. 

He explains that this stability has made consumers and investors less rushed to purchase property. This is especially since developers are offering incentives to attract a wider base of buyers.

Price Increase

What are the challenges? Sami details that the biggest challenge in Egypt’s market today is the limited purchasing power of local buyers. This leads to many developers seeking global markets to attract foreign buyers, especially during the summer season in the North Coast area. Moreover, he affirms that demand in Egypt remains very strong and it’s difficult to say that supply outweighs demand.

Impact of the US Tariffs Sami also details that the impact of the US tariff is still unclear on the real estate sector. However, the advantage the tariff is giving to Egypt could attract more companies to invest in Egypt. This could  in turn increase demand for real estate.

There is also an external demand from Egyptians living abroad alongside foreign buyers especially in coastal areas. The rising prices and possibility of renting units also support real estate investment in the North Coast and Red Sea regions. Additionally, this is coupled with companies offering property management services and good rental returns.

Real Estate Price Increase Sami also expects that real estate prices will further increase due to the fuel price hike. This is because it will increase construction and development costs. He further explains that given the pressure on domestic purchasing power, the market needs time to recover. Moreover, improvements in affordability will take more than a year to happen.