Businessman Yasseen Mansour

Yasseen Mansour: Investing in the real estate is still the safe haven ..The increase in the instalment period did not affect resale operations

Badya is the first sustainable city in the Middle East in partnership with the Urban Communities Authority

Businessman Yasseen Mansour, Chairman and Executive Group of Palm Hills Construction Company, said that investment in real estate remains a safe haven, and one of the best savings containers that investors can resort to, noting that a comparative study showed that the price of the property increased by 19 times in 20 years, while the return on the Egyptian pound was about 8.5%, and the dollar is about 8.2% during the same period, which demonstrates that the real estate sector returns in Egypt.

Mansour, during his meeting with the media for Lamis Al-Hadidi on the final word program broadcast on Tuesday evening, ruled out that there would be a negative impact caused by the long installments periods that real estate developers are currently facing on the resale operations, because that process depends on several factors including services, facilities and quality of life in every region.

Mansour" during his meeting with the media for Lamis Al-Hadidi with a final word program, on the ON E channel screen, Tuesday evening, confirmed that the state's decision to oblige real estate companies not to offer their projects for sale until after implementing 30% of them, in the interest of the committed developer who has a solvency That enables him to continue, and his main goal is to provide safety to the buyer, indicating that the customer is the most important link in the real estate development system, and all his rights must be guaranteed.

Yasseen Mansour stressed the importance of developing the real estate development system in order to be the real engine of a real estate market, noting in this regard that the State has taken important steps in this regard to facilitate access to financing, calling for easier procedures to obtain financing in parallel with this trend.

The Chairman of Palm Hills Reconstruction Board reviewed the details of the Badya City project, saying that his company was one of the first to choose to invest in New October, creating Badya - the first sustainable city in the Middle East - in partnership with New Urban Communities Authority (NUA), with an area of 3,000 acres, with different unit areas suitable for most categories of investors.

Mansour presented the most prominent features of the Badya project - the first and largest city in the new October - both its geographical location in the middle of the heart of October, and its proximity to a large and diverse number of major roads and axes, most notably the central ring road connecting west and east of Cairo, the Ruat Al Faraj axes, and the highway running from Ain Sukhna to the administrative capital to the city of October to the city of Alamein, as well as the station Monorail, which places Padya at the heart of all road axes.

Yasseen Mansour praised the "unprecedented" development of road networks in Egypt, as well as the state's role in providing water, sewerage and electricity infrastructure, as well as the availability of all services, including schools, universities, stadiums and clubs.