JLL: Cairo residential market continues to recover in 1Q15
Jones Lang LaSalle IP Inc. noted in its Cairo Real Estate Market Overview for 1Q15 that sales of apartments were up 23% y-o-y in New Cairo and up 29% in 6th October. Rentals were down 12% and 7% respectively. Villa sales were up 9% in New Cairo and 15% higher in 6th October. Villa rentals are 10% higher in New Cairo, and flat in 6th October. 30,000 new units are expected to become available over the remainder of 2015.
Source : 31 March 2015/JLL/Cairo/RES