Aqar map announced launching the "first Egyptian Real Estate Index" on a monthly basis to provide comparative data and information about the status of the real estate market in Egypt. Emad Masoudi, CEO of aqarmap.com, stated that the real estate market has achieved significant positive leaps. For example, the index recorded a growth rate of 4.45% during last July compared to June. He added that this increase is part of the series of improvements that the real estate market has witnessed in 2012, given that the rate of the "Egyptian Aqarmap Index" hiked by 17% compared to the value of the index by the end of 2012, despite the fact that this period followed a great decline due to the 25th January Revolution. In light of the openness to inward investments, the decline in the cost of the building process, and the lack of supply of medium-and-low-cost apartments in the Egyptian Real Estate Market, the new service offered by aqarmap.com will allow those interested in real estate to gain information about the status of the real estate market every month, he said. Masoudi also pointed out that in the current economic situation, investors and real estate developers need to obtain accurate and up-to-date data and information about the status and performance of the market, stating that aqarmap.com now has more than 17.000 sellers/ registered real estate companies. It is also noted that the real estate index service offered by aqarmap.com is linked to a number of sources for information related to real estate and economics and includes updated data about more than 20.000 projects and apartments in the Egyptian market.
