Although property prices are rising and mortgage rates remain at historic lows, many of the experts at La Casa Property believe that interest rates will rise. As a result, many Egyptians are wondering what to do about buying a house now.
Home interest rates could go up
Interest rates have already started to rise, and this trend could continue until 2022 due to inflation fears. Given the shortage of housing supply in the country, the question is whether a rise in interest rates will have an impact on prices.
Rising house prices are likely to slow down
House prices have risen by around 30% in the year 2021, and although this rapid pace is set to slow, La Casa Property experts predict that overall house prices will continue to rise. There may be small price adjustments, but if you expect prices to drop significantly, you’re in for a rude awakening.
Don’t get caught up in the buying frenzy
It’s true that there can be significant benefits to buying a home, including an average annual appreciation of around 4% and tax breaks such as the mortgage interest deduction. If you do not plan to live in the house or area for very long (more than 3-5 years), renting is often the better option.
Until today, a lot of real estate project has been developed in Egypt to attract investors from all over the world to the real estate market. And the most amazing building and projects have been created to satisfy all the needs of Egypt from housing to shopping malls.
Downtown Mall New Capital is one of the solid investments estimated at £2.7 billion in one of the best locations in the city center, with an open atmosphere overlooking a huge 120m wide tourist promenade.
Eight Developments has opened the 3,450 sqm Downtown Mall New Capital Executive Capital at MU02-37, one of the capital’s most vibrant and popular districts, as part of the Downtown Mall New Capital-led urban expansion. It is part of a Capital-led urban expansion. Offering all services, many different unit sizes, the best prices, and an easy payment system.
Downtown Mall New Capital is close to the region’s largest service areas, including government offices and the financial district, as well as the capital’s premier shopping centers, such as Eudora Mall and Regency Business Tower.
Afterward, please visit our website www.lacasa-properties.com to see on a map all the locations of the Downtown Mall New Capital in the city center.
While the East Tower New Town is another real estate project with an investment of up to 7 billion pounds and the most prominent location in the new administrative capital, La Casa Property presents its latest project in the New Capital, East Tower New Capital, for which it has chosen a unique location in the Central Business District (CBD).
The best location in the area was chosen for East Tower New Capital in the heart of the administrative capital, overlooking the iconic towers and the green river, to ensure a combination of the most prominent factors for the success of any investment project.
Then visit our website at La Casa Property to know all about the East Tower New Capital.
With a huge investment size of 7 billion pounds, and in the most prominent location in the New Administrative Capital, UC Real Estate Development presents its latest project in the New Capital, East Tower New Capital, for which it has chosen a unique location in the Central Business District (CBD). To become the success station that follows those successive successes of the company in the center of the administrative capital, the best location in the region with a panoramic view of the iconic tower and the green river was chosen to ensure the combination of the most prominent factors for the success of any investment project.
East Tower New Capital
After the success of many projects for New C Real Estate in the center of the New Capital, it was keen to choose a distinct geographic location for the latest project in the capital, to become the secret of the success of its new project.
- Inside the CBD Plot CN-08, at the entrance to District MU7.
- First row on the northern axis of Mohammed bin Zayed (125 m), 3 main streets, the lowest street width of 60 meters.
- Direct view of the Green River, and in front of the iconic tower, which is only about 500 meters away.