Since early 2024, Arab economies have faced accelerating inflation across sectors. In Egypt, real estate prices moved up to +45% during 2024, driven largely by rising building-material costs and currency pressures. Below is a concise view of the drivers, expert commentary, and why many buyers are acting now—plus current opportunities in New Mansoura City across residential, hotel, and mixed-use assets.

 

Market Snapshot: 2024 Price Moves

  • Building materials rose noticeably in 2024; iron and cement costs climbed with currency and import constraints.
  • Real estate prices increased up to ~45% in 2024 alongside materials inflation.
  • Developers reported pricing pressure and temporary sales pauses during periods of high volatility.

 

Why Did Building Materials Get More Expensive?

  • Higher electricity costs
  • Increased transportation costs
  • Lower production volumes at some factories
  • Import difficulties for raw materials
  • Hard currency shortages

 

Indicative Inputs (as provided)

  • Iron price increase: up to 3,600 EGP/ton
  • Cement price range: 1,900–2,300 (per ton)

 

Expert Views (as provided):

  • Medhat Estefanos (former Cement Division head): cement at 1,900–2,300, sector investments > 2 billion EGP; moves tied to dollar price and global inflation.
  • Aser Hamdi (Real Estate Development Chamber): expects up to +40% rise in 2024; iron & cement may represent ~70% of building costs; currency movement passes through to unit pricing.
  • Yassin Mansour (Palm Hills): company raised prices ~70–80% in 2023; possible ~60% rise coming; temporary sales halts used to manage pricing risk.
  • Abeer Essam (businesswoman): developers pivot to new cities; highlights New Mansoura for its coastal location and upcoming cultural/services growth; notes strong tilt toward hotel investment (hotel apartments/units).

 

Why Buyers Are Acting Now:

  • Locking current prices before further inflation
  • Longer repayment horizons at today’s starting values
  • Hedging against currency-linked construction cost surges

 

New Mansoura City: Where the Action Is

A year-round coastal city (Mediterranean) positioned as a tourist capital of the Delta with residential, medical, hotel, and administrative assets.

 

Residential Highlights (as provided)

Zahya Villas

  • First plot on the sea (Phase 1, east entrance).
  • Villa mix: Standalone / Twin / Townhouse.
  • Central commercial zone (mall, medical center, hospital, schools, social club, etc.).
  • Payment: 5% down + 10% after 3 months; equal 5-year plan (5%); or up to 10 years with 5% down + 10% after 3 months.
  • Finishing: Semi-finished / Fully finished.
  • Delivery: Ready for delivery.

Boyot Compound (Al Salam Development)

  • Phase 2 location behind New Mansoura University; near services strip; 56–225 m² units; sea view.
  • Payment: 10% down; 10% after 3 months; equal installments up to 6 years.
  • Finishing: Red bricks.
  • Delivery: 2026.

The Pearl (Al-Safwa)

  • Phase 3; full-service coastal compound directly on the sea; apartments, studios, villas.
  • Payment: 10% down + quarterly over 6 years; or 10% down over 8 years.
  • Finishing: Semi-finished.
  • Delivery: after 3 years from contracting (compound with services).

Commercial / Medical / Hotel (as provided)

Panorama Blue Mall (Master Development) – Bayut Compound

  • Mixed-use (commercial, medical, hotel); ~17,000 m².
  • Near New Mansoura University & city authority; on service strip (International Schools Complex, Banks Complex, University Hospital).
  • Payment: from 10% down; facilities up to 5 years.
  • Delivery: 3 years from contracting.

 

Lavida White Mall – Boyot Compound

  • Behind New Mansoura University; serves Zahya, Boyot, and New Mansoura Corniche; shops & clinics.
  • Payment: 10% down + quarterly 7 years; or 5% down + quarterly 5 years.
  • Delivery: 2027.

Hotel Investment: Momentum Building

  • Strong shift toward hotel housing (hotel apartments/units).
  • Demand gap near universities and industrial areas expected to persist 1–3 years.
  • Example: Panorama Blue Mall hotel units—fully finished & furnished, sea-view, multiple sizes.

 

Hotel units are available in New Mansoura City in the most powerful medical hotel commercial mall in a distinguished location in the second phase of the Bayut Compound behind New Mansoura University (Panorama Blue Mall). Hotel units are received fully finished and furnished with a distinctive view of the sea in different sizes to suit your request. Get an offer.

 

Get an Offer:

  • Hotel units in New Mansoura (Panorama Blue Mall)—fully finished & furnished, sea-view.
  • Residential units across Zahya, Boyot, and The Pearl to match budgets and timelines.
  • Share your budget, preferred unit type, size range, and payment horizon to receive tailored options.

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