Mustafa Al-Galad

Mustafa Al-Galad: Expectations of an increase in real estate sales in the coming days

The real estate sector is witnessing a huge boom in the rates of real estate sales, in conjunction with the holding of real estate exhibitions, whether abroad or in Saudi Arabia, the UAE or inside Egypt at the local level, confirming that the coming months will witness an uprising in real estate sales, said Eng. Mustafa Al-Gallad, Head of Signature Homes Property and Industrial Development and a member of his Real Estate Investment Division, Egyptian Industries Association

Al-Galad asserted that the state is taking reforms and expansions in the sector and the real estate market in the new cities, both north and south of the country. The real estate market was the most fortunate in 2021 because of the political, economic and security stability in the country, which has brought it prosperity

He confirmed that the real estate market has started to recover from the Corona virus since the second half of 2020, and the volume of project sales has increased in 2021 and is expected to increase further in 2022

He pointed out that many new companies in Egypt are investing in real estate, which gives a good opportunity to compete and increase skills. The beneficiaries of this are the customers. The new administrative capital has made a boom in the real estate market and made the investor reassure the area, especially after coordinating roads and transportation. This has made many people decide to go there

He pointed out that the new administrative capital has been working on the infrastructure very well, as all the problems we were having were addressed along the line of a number of cities, and it is considered a smart city, which contributes to the rapid solution of problems that can arise without being felt by others