Good news for the Egyptian Property market. : "All the people we spoke to agreed that the revolution was good news for the Egyptian property market in the long term. Al Deeb said: “The old regime was corrupt. The next one will be different. We’ll see more investors – corruption was stopping the big developers from coming to Egypt so the market will be more stable.”
McKenzie said: “There is a strong expectation for the Egyptian property market. Transaction levels were already high at the end of 2010 but after this brief pause, prospects are even better.
From an economic point of view, the advent of a new democratic nation is good news for business. For instance it will bring more prosperity, more transparency in large land deals, create more of a free market and allow more entrepreneurs and solid business figures to enter the market.
Overseas Property Professional; News Article; Is confidence returning to Egyptian market?
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