A glance at the advertisements crowding the pages of many Egyptian newspapers is enough to reveal that real estate is currently one of the most active sectors of the economy.
After languishing for years, the sector is now booming on the back of three years of economic growth averaging seven per cent.
"Yields in office building and retail are anywhere between 20 to 50 per cent," says Maher Maksoud, Managing Director of Sodic. "In Europe they are below 10 per cent. Residential yields are not as high, but they are very good in terms of cash flow generation."
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