Published 1 month ago

Recent CBE decisions poised to reshape local real estate market: Savills Egypt - Dailynewsegypt

Summary by Ground News

Savills Egypt, the local office of the leading global real estate advisor, revealed its preliminary insights on the potential effects of the Central Bank of Egypt's recent decisions. These decisions included the floatation of the Egyptian Pound (EGP) on 6 March 2024, allowing the exchange rate to be determined by market forces. The float was accompanied by an interest rate hike of 600 basis points.

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Recent CBE decisions poised to reshape local real estate market: Savills Egypt - Dailynewsegypt

Savills Egypt, the local office of the leading global real estate advisor, revealed its preliminary insights on the potential effects of the Central Bank of Egypt’s (CBE) recent decisions on the country’s real estate sector. These decisions included the floatation of the Egyptian Pound (EGP) on 6 March 2024, allowing the exchange rate to be determined by market forces. The float was accompanied by an interest rate hike of 600 basis points. These…

1 month ago·Egypt

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Recent CBE decisions poised to reshape local real estate market: Savills Egypt - Dailynewsegypt

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Recent CBE decisions poised to reshape local real estate market: Savills Egypt - Dailynewsegypt

Recent CBE decisions poised to reshape local real estate market: Savills Egypt - Dailynewsegypt

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