Country EG Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$27

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$11

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$169

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Country EG Cost of Living trends and investment implications

Market Overview

Egypt presents a mixed real estate investment landscape, characterized by high rental yields and a burgeoning population driving demand, but tempered by economic volatility and regulatory hurdles. Investors can find lucrative opportunities in urban centers, although navigating the financial and legal environments requires caution. With a growing middle class and government initiatives, the long-term potential for appreciation remains strong, though short-term risks persist.

Key Findings

Data-driven insights

•GDP growth averaged 4% annually from 2010 to 2023, while house prices increased by approximately 7% annually over the same period, indicating strong property appreciation relative to economic growth.
•Average rental yields in Cairo's city center are around 8% compared to 5% in suburban areas, with prevailing interest rates at 11%, posing challenges for financed investments seeking positive cash flow.
•Population growth has averaged 2.3% annually, outpacing housing supply growth of 1.5% annually, suggesting sustained demand pressures.
•Quality of life improvements, driven by infrastructure investments, have not kept pace with rising property prices, leading to a skewed value proposition, especially in luxury segments.

Market Trends

Historical patterns

•The government is investing heavily in new cities and infrastructure, aiming to alleviate urban congestion and spur economic growth.
•A young and growing population is fueling demand for affordable housing, creating opportunities in mid-market segments.
•Fluctuating currency values and inflation rates are impacting foreign investment decisions and property values.

For Investors

Actionable takeaways

•Top opportunities include investing in mid-market housing in urban centers, capitalizing on rental demand in areas near new infrastructure projects, and targeting expatriate communities seeking rental properties.
•Key risks involve navigating high inflation, potential currency devaluation, and regulatory changes affecting foreign ownership.
•Best property types include 1-2 bedroom apartments for rental yield, affordable family homes in emerging urban areas, and luxury properties in established districts for long-term appreciation.
•Market timing suggests a cautious buying approach; investors should monitor economic indicators and potentially wait for stabilization in interest rates and inflation before making large investments.

Market Context

Compared to other emerging markets, Egypt offers higher rental yields but comes with greater economic and political risks. Its strategic location and large domestic market provide unique advantages over regional peers like Morocco and Turkey, although investors must be prepared for volatility and potential regulatory challenges.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.