T
he Decision Makers conference concluded its fifth edition with key recommendations for advancing Egypt's real estate industry. Participants agreed that a "real estate bubble" was unlikely in the country due to strong investor interest. They emphasized the importance of supporting real estate development companies through financing solutions, such as instalment plans up to five or ten years, and stable interest rates to reduce costs.

    The conference highlighted the need for public-private partnerships to enhance service quality and manage utilities. Participants also noted the necessity of completing legislative preparations to support these partnerships. They emphasized the importance of suitable mechanisms to overcome obstacles related to tenant unions and preserving real estate quality.

    Regarding government policies, participants called for continued financial and tax incentives for real estate developers, as well as easing construction requirements and addressing challenges related to property registration. They also advocated for a specific strategy to attract foreign investments in the Egyptian real estate sector, aligning with various forms of investment.

    Participants proposed suggestions to improve real estate asset management, review contractual terms for fairness, and establish a federation for real estate developers to organize the field. They highlighted the importance of the real estate tourism sector and called for efforts to improve its returns alongside urban development initiatives.

    Developers stressed that Egypt's real estate sector faces challenges related to regulatory frameworks and mortgage financing. A standardized contract framework under state supervision would help bolster foreign investor confidence, while activating mortgage financing is seen as an urgent need. The conference concluded that the concept of a "real estate bubble" is unlikely in Egypt due to strong investment interest, with robust opportunities remaining for investors, particularly in new projects.