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Egypt real estate prices to keep rising says Hisham Moustafa
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Egypt real estate prices to keep rising says Hisham Moustafa
Hisham Talaat Moustafa, the CEO and managing director of Talaat Moustafa Group Holding, said residential prices are tied to the real cost of land and construction, not to short term hype or oversized profit taking. That math, he argued, makes declines unlikely while contractors and developers face higher inputs and rising execution costs.Speaking in a phone interview on the television program Al Hekaya, he described developer margins as relative…
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