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Distribution of reasons of GCC nationals making residential property purchases in Egypt in 2023, by wealth level

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Source

Release date

September 2023

Region

MENA

Survey time period

2023

Number of respondents

258 respondents

Citation formats

Motive of GCC nationals for residential property purchase Egypt 2023, by wealth level

Published by K. Scholle, Aug 26, 2024

In a survey conducted in 2023 amongst GCC nationals revealed that nearly half of respondents who had *** thousand U.S. dollars or more of investible wealth intended to buy a property in Egypt; either as a second home, or to use it as a vacation home. On the other hand, those with under 100 thousand U.S. dollars in investible wealth intend to buy property in Egypt as an investment or to rent out. 

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