Egypt real estate | 2018 to see greater inflows into branded property
Presales resilient, more catalysts ahead. Although, in context of property price hikes since Nov-16, 2Q17 presales were relatively muted (up 34% y-o-y) on scarce launches, 2H17 is already seeing improved momentum in Madinaty, Taj City, PHD New Cairo and other projects. Highly anticipated launches (655-feddan project, new phase in Taj City) should stimulate the market further, supported by i) sharp interest rate cut expectations starting 4Q17 and over 2018, ii) approaching maturity of high-yielding CDs (18-month 20% certificates maturing in May-18) fuelling new liquidity, iii) appreciating EGP accelerating expat purchases and, iv) further wage adjustments expected next year.
CI Capital is a diversified financial services group and Egypt’s leading provider of leasing, microfinance, and investment banking products and services.
Through its headquarters in Cairo and presence in New York and Dubai, CI Capital offers a wide range of financial solutions to a diversified client base that include global and regional institutions and family offices, large corporates, SMEs, and high net worth and individual investors.
CI Capital leverages its full-fledged investment banking platform to provide market leading capital raising and M&A advisory, asset management, securities brokerage, custody and research. Through its subsidiary Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. In addition, CI Capital offers microfinance lending through Egypt’s first licensed MFI, Reefy.
The Group has over 1,700 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets and a deep understanding of local market dynamics.
CI Capital has been recognized as the “Best Investment Bank in Egypt” by EMEA Finance for four years running from 2013-2016, and by Global Finance in 2014 and 2015.
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