📊 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 […]
🏚️ 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 […]
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 […]
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:
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 […]