Analysts say the new residences are priced way beyond the means of most Egyptians and most of them will remain unsold in a saturated market
Tue, Jan 30, 2018 - 5:50 AM
Construction workers building new houses on the outskirts of Cairo. Egyptians have been snapping up apartments and villas in new desert developments, confident that housing prices have nowhere to go but up in an overcrowded country.
EGYPT'S government plans to introduce tens of thousands of new housing units into the market in each of the next few years, but it's not clear how easily the country can absorb them.
The authorities say they want to reduce crowding in Egypt's congested cities and provide...