Central bank censorship prevents the occurrence of a housing bubble

Dr. Ahmed Shalaby, a member of the construction committee of the Egyptian Association of Businessmen, said that he was not expecting a real estate bubble in Egypt, stressing that the "real estate bubble" in Egypt, announcement of a bubble in the market could be linked to the opinion of some stock market experts. (19659002) This was at a workshop organized by the Building and Construction Committee of the Egyptian Men's Business Association under the title "The Real Estate Bubble in Egypt .. Fact or Fiction" in the presence of Hussein Sabour, Honorary President of the Association and a real estate investment group

Shalabi adds that the problem lies in the resale operations, since the owner of the unit asks to sell to at the same price as the developer of the sale, the power of purchase is good and customers are committed to pay, accounting for 95% the existence of a Bank control Central to prevent the occurrence of a bubble that are as many indications that there is no risk in the real estate sector in the future.