Egyptian Real Estate faces challenges with low registration rates

Approximately 95% of real estate in Egypt is unregistered, with the First Vice-Chairperson of the Real Estate Development and Contracting Committee at Egyptian Businessmen Association warning that this lack of registration would have significant repercussions on real estate wealth and market development.

Alaa Fekry emphasized that the lack of registered real estate delayed the establishment of a healthy database within the local market, obstructing the achievement of vital national objectives such as property exports and attracting foreign investments.

The low registration rates stemmed from a combination of bureaucracy and lengthy procedures, he explained. To address this issue, the government had taken measures to combat the persistently low rates; these included the amendment of Real Estate Registration Law No. 114/1946, and Law No. 177/2022, as well as the introduction of Law No. 9/2022.