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March 21, 2024
This is why prime central London properties are more stable…
📊 Key insights on PCL properties in 2023: The total value of £5 million-plus property transactions in 2023 is £5.7 billion (Savills). 71% of residential properties were acquired through cash transactions, indicating a reduced dependence on mortgage financing within the […]
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March 19, 2024
Although property prices went down … rental prices went up
🏚️ Key Insights on the UK property market 2023/2024: In December 2023, the average property price in the UK was £284,691, with an annual price change of -1.4% from December 2022 (according to UK House Price Index). However, Nationwide Building […]
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March 7, 2024
Egypt signed a financing agreement worth $20 billion
Egypt has just completed a $20 billion financing deal, of which $8 billion will come from the International Monetary Fund (IMF) and $12 billion from the European Union and The World Bank. Prime Minister Madbouly emphasized the aim to increase […]
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March 6, 2024
Egypt Introduces a Flexible Exchange Rate System
Egypt Just Introduced a Flexible Exchange Rate System! 📢 On the 6th of March 2024, the Central Bank of Egypt raised interest rates and adopted a market-driven exchange rate system. Key Points:
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February 27, 2024
ADQ Project in Egypt
On 23 February 2024, ADQ (Abu Dhabi-based investment and holding company) announced a plan for investing $35 billion in Egypt, which is the biggest in Egypt’s history. Of this amount, $24 billion will be used to acquire development rights Ras […]
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