Real estate development dream

An economic activity that has become a matter of interest and adventure for many during the last five years, which is real estate development.

v It may appear on the surface that it is the shortest way to achieve huge profits, as well as wearing the mantle of a businessman, real estate developer, CEO, and other things that may satisfy the desires of some, which are of course legitimate desires, especially that Egypt is witnessing a renaissance in the field of construction and construction, The real estate industry has become attracting professionals, industries and other economic activities at various levels.

v #But unfortunately, there are those who could not differentiate between adventure and gambling. Among the newcomers to this industry were those who gambled and relied on feasibility, incomplete feasibility studies, and human elements lacking administrative and executive experience of real estate development activity to the extent that some of them sold the entire project without getting it. On the license and at cost at the time of offering.

v And some of them ventured, but according to the rules and assets of the business, and according to sound feasibility studies, and relied on dividing the project into sales stages to counter inflation, as well as using qualified human cadres capable of achieving the desired goals and successes.

v In the midst of all this and even with the existence of financial and economic feasibility studies, the matter is not without difficulties or surprises. The impact of a war between two countries in Eastern Europe had an echo on all production inputs all over the world, in addition to the rise in the price of the dollar to nearly 20 earned in conjunction with flotation decisions.

v The challenge has become difficult and the gamblers will escape, and the adventurers have to find new solutions to finance that unexpected gap in the cost of construction and implementation.

v The role of the state in supporting that industry and its owners and providing credit facilities for these people keeps the state not looking at the matter from a purely economic perspective because social peace in such cases is the priority of protection.

v The Egyptian pound is not the only one that needs to be floated, but also the #investor, the #developer and the #Egyptian_citizen all need to be floated.