Property value will likely hold ground as the economy slows -Samih Sawiris

Samih Sawiris sees property values holding their ground despite covid-19 market slowdown: Orascom Development Holding Chairman Samih Sawiris expects real estate to continue appreciating in value over the short term as the broader economy experiences a slowdown and alternative investment options remain scarce, he told Hapi Journal. High interest rates coupled with the increased cost of constructing new real estate would also lead current property holders’ home values to rise over the coming two to five years, he said.