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.
- 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.