As an example, Commercial projects in New Cairo have affected residential prices in the last three years. While commercial zones grew and expanded to previously unpopulated areas of New Cairo, residential revival followed through. This is largely because commercial facilities indicate the operationality of a neighborhood, increase traffic to it and therefore increasing the sense of security for homeowners and young families in the area.
Moreover, commercial projects increase the prices of residential properties in their proximity due to locations being identified as highly sought-after areas with high accessibility and servicing facilities.
Stay tuned to learn more about Cairo’s residential and commercial markets, their trends, and market forecasts.