Engineer Tarek Shoukry, Deputy Head of the Housing Committee in the House of Representatives and Chairman of the Board of the Real Estate Development Industry Chamber, said that the real estate market in 2025 has witnessed a state of stability and balance, noting that 2024 cannot be considered an accurate benchmark for performance measurement, as it was an exceptional year on all fronts.
In a televised interview on Al-Mehwar TV on Friday evening, he explained that an accurate assessment of the market should be based on stable years such as 2023 and earlier, and confirmed that the real estate sector in 2025 achieved growth rates he described as excellent compared to previous years.
Shoukry pointed out that the large and abnormal surge that occurred in the market during 2024 was driven by the exchange rate crisis, as citizens resorted to investing in real estate as a safe means to preserve the value of their savings, which pushed them to make rapid purchasing decisions without sufficient planning.
He added that the strong sales achieved in 2024 left a clear impact on the sector’s performance in the following year, while stressing at the same time that the continuous increase in population at a rate of two million people annually ensures the presence of real and sustainable demand for housing units, far from any artificial demand.
He also noted that owning real estate is part of the deeply rooted culture among Egyptians, as it is considered one of the safest investment vehicles, explaining that the real estate market has proven its resilience over the past three or four decades, during which property values have not recorded actual declines within the country.
Shoukry affirmed that the Egyptian real estate market holds a promising future, speaking of the remarkable growth in the field of property exports, whose revenues rose from about USD 500 million in 2024 to reach USD 2 billion by 2025 — a fourfold increase within a single year.
He also pointed to the growing interest of major real estate companies from the UAE and Qatar in investing in Egypt, noting that there are huge projects currently under implementation and others expected in partnership with new Gulf stakeholders.
He specifically mentioned prominent projects such as Ras El-Hekma and Al-Alamein/Ras Alam El-Roum, stressing that Egypt has become a distinguished destination for real estate investment and a genuine opportunity to attract foreign investments.
