nextmove EGYPT TO PROVIDE EXCLUSIVE HOME BUYER INCENTIVES
2019 SHOW COMES AGAINST BACKDROP OF ‘BUYERS’ MARKET’ FUNDAMENTALS
Cairo, Egypt, 11 Sep 2019: nextmove Egypt, powered by Cityscape Egypt, – the dedicated consumer-based real estate exhibition devoted to property sales in Egypt – is to offer visitors a slew of exclusive show buying incentives from capital-focussed developers and those behind the latest green communities and compounds from upcoming locations in Greater Cairo, Alexandria and the North and East Coasts.
“The Egyptian market is now highly competitive, and the country’s leading developers will be at the show with special offers and exclusive payment plans only available to nextmove Egypt visitors,” explained Alexander Edwards, Exhibition Director. “For anyone looking for their first home, or climbing their way up the property ladder, the show represents a remarkable opportunity to research the market and leverage offers on new and affordable compounds, villas and apartments.”
The country’s most trusted developers are exhibiting at the show, which will run at the Egyptian International Exhibition Centre (EIEC) from October 17-19 against a backdrop of increased interest in a property market where prices have slipped but long-term potential remains high.
“For those who live in Egypt, the decline in prices makes houses more affordable, making it the right time to purchase. For those living abroad, depreciation of the Egyptian pound has increased the investment appeal with long-term investment potential remaining high,” said Faariss Khalil, Exhibition Manager. “There is a huge, real demand for housing in Egypt as the country’s population increases by 2.5 million annually and there are about one million marriages taking place every year.”
Visitors attending the free-to-enter show can explore opportunities with exhibiting developers including: Akam Developments; Master Builder Group (MBG); Amer Group; Real Mark; Zahraa El Maadi; Style Home; Residence (Aroma Sokhna); SAK Developments; El Attal Group; Castle Development; Kudo Insaat (El Masriya); TCI; Mardev; New Plan; Aqar Masr; The Land Developers; Egygab; and Home Town.
Next Move Egypt is powered by Cityscape Egypt, the country’s largest most established real estate event and conference on property development, which is organised by Informa Markets.
“The market fundamentals in the country have been nurtured by a string of government incentives which is increasing the investment potential of Egyptian real estate meaning the homebuyers required a dedicated showcase of its own,” explained Khalil.
The Egyptian government has been leading efforts to cover the gap between supply and demand by building new ‘affordable’ cities across the country including, New Fayoum City and New Aswan City while the Central Bank of Egypt plans to provide mortgage funding to the country’s middle class.
“The long-term prospects are extremely promising,” said Khalil. “Egypt´s housing market is widely expected to rise strongly in value in the coming years – and high-end real estate developments are booming to meet the increasing demand. nextmove Egypt represents a great opportunity to get in on the ground-floor of this potential.”
For more information, please visit: www.nextmoveegypt.com
About nextmove
The third edition of nextmove Egypt, powered by Cityscape Egypt, will take place from 17-19 October 2019 at Egypt International Exhibition Center (EIEC). This consumer show will be bringing together first-time buyer, current homeowner and investors looking for their next purchase for new and affordable compounds, villas or apartments in Egypt.
About Informa Markets:
Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow.
Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.
