Egypt real estate market to be the fastest growing globally in 2017

Egypt is expected to be the fastest-growing market globally in real estate in 2017, according to March report issued by Euromonitor International.

Citing the research agency, Reuter’s Zawya said that the top three emerging markets in Real Estate and mortgaged households have been identified by Euromonitor International, with Egypt topping the list, followed by Algeria and Nigeria.

The report added that these countries are topping the list due to the large populations in Africa and the Middle East who are seeking infrastructure and residential units.

About 300,000 households in Egypt are expected to be owned through a mortgage in 2017.