Mohamed Abdel Gawad: real estate market regulation is key to stability

Mohamed Abdel Gawad real estate remarks highlight the need for stronger market regulation and faster licensing systems to ensure stability in Egypt’s real estate sector.

He stresses that the market is moving toward a more balanced, demand-driven phase away from speculative pricing.

Mohamed Abdel Gawad real estate remarks came during his participation in the “Market Regulation and Legislation as a Pillar of Stability” session at the Akhbar Al Youm Real Estate Conference.

He explained that the Egyptian real estate market needs clearer and more structured pricing rules. These rules should link prices to actual development costs and real market demand.

Moreover, he warned against unregulated pricing practices that may distort competition. He noted that some developers offer units below cost to meet short-term financial needs, which affects market balance.

In addition, he emphasized the importance of a stable regulatory environment. This helps attract both local and foreign investment into the real estate sector.

He also highlighted the role of faster licensing procedures. Delays in permits increase construction costs and slow down project delivery timelines.

Therefore, he called for a unified digital platform for licensing. This would allow developers to submit and track approvals electronically and reduce administrative delays.

Furthermore, he suggested extending payment schedules for land installments when licensing delays occur. This would ease financial pressure on developers.

Mohamed Abdel Gawad real estate perspective also addressed market dynamics since 2022. He explained that construction costs have increased significantly due to material price hikes and currency fluctuations.

However, many developers remain committed to fixed contract prices. This creates financial pressure, especially in long-term installment projects.

Despite these challenges, he pointed out that property values have increased significantly for buyers. Some units have appreciated by 300% to 400%, reflecting strong investment returns.

He concluded that real estate market stability requires balance between developers and clients. Both sides must be protected to ensure long-term sustainability.

Finally, he stressed that cooperation between the public and private sectors is essential. Flexible regulations and efficient implementation will support growth and improve investor confidence.