Fathallah Fawzy, chairperson of Fathallah Fawzy Office for real estate development consulting, confirmed that the cost of implementing and building a residential square metre will rise by 60-80% over the coming two months, as a result of the increased prices of construction materials and production inputs after the Egyptian pound’s flotation. The cost of implementing a residential square metre (half-finished) will reach EGP 4,000 instead of EGP 2,000 and EGP 2,500.Fawzy explained that the last period witnessed a rise in the prices of building materials, labour, transportation, and land, pointing out that the real estate market will be able to…Read More
