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Engineer Mohamed Mofeed, Chairman of the Board of Directors of Capriole Group, expected an increase in the prices of real estate projects under construction by 10-20% during the next year. He added that the challenges leading the increase in prices are expected  to continue until the end of 2022 and may extend through 2023. He explained that companies should set price studies to apply increases to ensure that they achieve a profit margin and continuity in the implementation of projects and the fulfillment of obligations towards customers. Also, the increases should be within the reach of customers to avoid stagnation in the market.

Read more:  Real estate prices will increase by 20% in 2022

Capriole Development is rising to become one of the leading real estate developers in the industry considering new building techniques & strategies for the development of Commercial Buildings, all of which are in adherence to latest technology & Green Building Sustainability.

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Midtown Mall, 2nd Floor, 
New Cairo, Cairo, Egypt



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