Eng. Mohamed Al-Bustan

Al-Bustani: The real estate market will be affected positively and negatively by the claims of the Russian-Ukrainian war crisis

That the real estate market will be affected positively and negatively by the repercussions of the war crisis, and the sector will witness a large wave of high prices due to the increase in the prices of raw materials and building and construction supplies, including the prices of the Billet, especially since it is one of the largest suppliers of Bilit in the world, pointing out that there is concern about high prices and global inflation waves, said Eng. Mohamed Al-Bustani, Head of the New Cairo Developers Association, Deputy Head of the Real Estate Investment Division

The Russo-Ukrainian war would have major repercussions on the world economy, and that had been evident with record high oil prices and the collapse of many stock exchanges

It pointed out that the Egyptian market is not far from the global economy and that we will be greatly affected by the consequences of the war. A large inflation wave is expected to chase all sectors, especially since the market is already suffering from price swings and inflation that have occurred since the beginning of the year for various reasons, including the shipping crisis and others

He pointed out that there is a positive side to the crisis, which is that real estate always recovers during the crises and witnesses a large demand from investors and a recovery in the sales movement