Prominent businessman Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding (TMG),affirmed that real estate prices in Egypt are unlikely to decline in the near future, stressing that the pricing of residential units is directly tied to the actual cost of land and construction materials rather than speculation or inflated profit margins. Speaking in a phone interview on Al Hekaya TV program, Talaat Moustafa explained that current prices maintain only a modest profit margin for developers, making price reductions unfeasible, particularly given the ongoing rise in construction and execution costs. Regarding ready-to-deliver units, Talaat Moustafa confirmed that prices are not expected to drop, pointing out that the alternative for buyers would involve higher costs, thereby preserving the market value of existing units. He emphasized that purchasing ready units in cash without interest charges presents a valuable investment opportunity, as such prices are unlikely to be repeated due to rising costs. Talaat Moustafa dismissed any claims of a slowdown in the resale market, citing rising rates of unit transfers within his company as evidence of sustained demand.

Source: Daily News Egypt February 01, 2026 17:43 UTC