Egypt

Cairo, Egypt, is still a town of inexpensive apartments. Given the chaos that is Cairo, many will say: this is understandable! Yes although prices have risen strongly in recent years, the average apartment in an elite area is still priced at around US$1,000 per square metres.

Yields in Cairo are more or less unchanged on last year at around 7%. But this figure actually disguises the true diversity of renting in Cairo.

Yields are much higher in areas which appeal to foreigners such as Maadi, where gross rental yields around between 10% to 12%. Yields are lower in largely ‘local’ areas, such as Heliopolis. Yields can also be surprisingly good on large apartments in central Cairo.

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