Thursday 06/March/2025 – 09:00 AM
Eng. Sherif El -Sherbiny, Minister of Housing, Utilities and New Urban Communities, said that the volume of demand for population units in Egypt is estimated at two million housing units annually.
Minister of Housing: The demand for housing units is still high
He pointed out during his speech at the Egyptian Businessmen Association, that the demand for housing units is still high, and also there is a great demand by investors to own commercial and administrative units, which reflects the size of the real demand for the Egyptian real estate market as one of the best markets in the region.
Al -Sherbiny stressed that the property represents an essential pillar in reserving the angle of the Egyptian economy, as it is one of the main engines in the national economy, as it directly contributes to providing job opportunities and advancing sustainable development, after the real estate sector witnessed an unprecedented jump supported by Egypt’s 2030 vision.
The Minister pointed out that Egypt’s Vision 2030 aims to achieve a legislative and organizational environment that supports investment and implements innovation in order to achieve a balance between supply and demand, in a way that contributes to achieving the aspirations of citizens and investors alike.
The Minister of Housing stressed that investing in the real estate sector is not aimed at constructing concrete buildings, but building urban societies and modern cities that achieve the aspirations of future generations, pointing out that from this standpoint the Egyptian state attaches great importance to the sector, by setting legislation that enhances value and helps to innovate through the use of the latest technologies in the field of urban planning.
He stressed that the real estate sector witnessed a remarkable growth during the year 2024, in addition to the high demand for real estate products in Egypt, mainly due to the competitive advantage of the real estate market.
He noted that increasing the demand for real estate reflects the confidence of Egyptians abroad and citizens of the Gulf states in the Egyptian real estate market, as an attractive investment tool, with various revenues from housing units at competitive prices compared to other markets in the region.
