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Colliers International real estate

Flotation of Egyptian pound caused pronounced dip for Hurghada: Colliers International

Colliers International, a commercial real estate organisation stated that—although occupancy levels are expected to stay healthy at Hurghada—the devaluation of the Egyptian pound against the dollar has caused a pronounced dip in market wide average daily rates. Colliers’ three-month Middle East and North Africa Hotel Forecast for March explained that, despite the strong leisure demand …

Hisham Salah

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Egyptian second-home market: a growing investment and lifestyle trend

Unlike other popular second-home destinations, such as the Seychelles, Morocco, Malta, France, and Spain, Egypt’s second-home market is not dependent on international investors and appeals primarily to Egyptians, as only 2% are foreign investors, according to global commercial real estate leader Colliers International. Colliers released its latest white paper, focusing on the Egyptian second-home market. …

Hisham Salah

Colliers International

Cairo hotel revenues to drop: Colliers International

Although Cairo occupancy rates are forecast to be healthy, a pronounced drop in hotel revenues per available room (RevPAR) is expected as a result of the devaluation of the Egyptian currency in November, according to Colliers International’s “The MENA Hotel Forecasts” February report.

Mohamed Samir