Government housing could be beyond means of most Egyptians -Werr

Are government housing projects beyond the means of most Egyptians? New houses being built by the government are “are priced way beyond the means of most Egyptians and a good share of them will remain unsold,” analysts tell Patrick Werr. It is not clear how easily the country will be able to absorb the influx of new houses, Werr writes for Reuters. Real estate agencies tell Werr that the typical high-end buyer has been hurt by economic slowdowns since 2011.