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00:00 A monetary policy that is extremely competitive is the highest ever.
00:06 A policy that the central bank has abandoned due to the inflation that jumped over 35% at the end of February.
00:15 But it also carried additional burdens on many sectors, especially the real estate sector.
00:22 The financing costs have exceeded 30%, which has put pressure on companies to finance their projects.
00:31 It may even affect their profits, which may force some companies to follow a policy that aims to enhance their own resources
00:39 by either increasing prices or looking for new loans that guarantee the continuity of activity without any financial shocks.
00:47 "Due to the changes that are taking place, unfortunately, it has a negative impact on the health of the sector.
00:54 But we hope, and these are the promises that we heard some of them, that there may be some initiatives.
01:01 Because the current situation for these loans is very high, so we will make a loan from the loan to the market.
01:09 And this is a problem, either the prices will increase a lot, and this is also a big crisis, and this is not what is required.
01:14 This is a very important sector, and it contributes a lot to the local product for the country."
01:20 While the increase in interest rates, the freeing up of spending hours, and the issue of new certificates with a return of up to 30%,
01:27 expectations about the impact of the demand for real estate, which has jumped in price significantly in the past two years
01:35 due to the increase in production revenues and building materials.
01:39 And this may change some people's opinion, without a major return on prices, even with the stability of the dollar exchange rate.
01:46 "One of the ways that companies resort to is to bear the part of the cost or the cost that has increased on the selling price.
01:54 But we currently have high prices, in light of the decrease in the legal power of consumers.
02:00 This can pressure the ability of companies to sell themselves.
02:05 Although some companies may have the ability to increase prices."
02:09 This, according to unofficial reports, has doubled the sales of 20 real estate companies in the past year,
02:15 to reach 700 billion pounds.
02:18 "The sharp increases in interest rates are adding new burdens to real estate companies,
02:23 as long as they rely on financing to manage their financial liabilities,
02:27 which may limit the ability of companies to obtain credit facilities,
02:31 in light of the increase in costs."
02:35 "Some are aiming to increase prices and expand sales operations to enhance real estate."
02:40 Farouk Youssef, CMC Arabia, Cairo.