Bahaa Hafezallah: the property will remain a safe investment in the light of global inflation

Real estate is a safe investment in light of global price instability and the uncertainty in multiple sectors that has overshadowed energy prices, production inputs ,said Bahaa Hafezallah, the real estate expert.

He added that by the beginning of next year, real estate prices were expected to rise by 10-15%, due to the high prices of construction materials.

Despite this expected increase in the real estate price, it has a positive impact on the investor, who owns a number of units for the purpose of investing.

He pointed out that the rise in real estate prices will not significantly affect sales rates, especially in light of the continuous increase in demand.

He stressed that the most popular region in the coming period is the new administrative capital, especially after the emergence of a large number of projects and the completion of advanced levels of construction, in addition to the government's relocation and the real start of life in Egypt's new administrative capital.

Bahaa Hafezallah is the general manager of Masr Property Company, which implements the Anakaji housing project, and the Jusco commercial project, in the new administrative capital.