Volume 8, Issue 6, December 2019, Page: 347-357
The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt
Waleed Hussein Ali Hussein, Department of Architecture, Faculty of Engineering, Fayoum University, Fayoum, Egypt
Received: Aug. 22, 2019;       Accepted: Sep. 5, 2019;       Published: Sep. 25, 2019
DOI: 10.11648/j.ijber.20190806.13      View  358      Downloads  127
This paper adopts an inductive research approach and is divided into three sections. The first section is a theoretical inductive overview of Economics Market in Egypt and discusses the role of financial markets in resources mobilization and division of financial market in Egypt. Aiming to read the current situation of the Egyptian economic market. The second section describes the key players in the capital market by reviewing the role of financial markets economic growth. The third part introduces the reading in the real estate market in Egypt with Real Estate’s Big Picture. The overall economic sector has a number of distinctive focal points, one of which is real estate, a primary sector of the economy. Between 30% and 50% of high and middle-income assets consist of real estate property and the percentage is even higher for lower-income Egyptian families. Moreover, the market capitalizations of land corporations publicly listed on the Egyptian Stock Market has been boosted by double-digit revenue growth, and the real estate sector has also been growing markedly at the macro level; with a growth rate exceeding 20%, its overall contribution to GDP has surpassed 10%. It is to be noted that the Egyptian real estate market is not one uniform sector; it is divided between principal residences located in Greater Cairo (mainly dominated by large and mid-scale developers), vacation homes on the coast (assorted real estate developers) and real estate in other areas across the country (generally developed by individual owners). Finally, with the results and recommendations, we will find that as a part of the whole urban development it is a very important part of the economic growth of Egypt.
Real Estate, Financial Market, Money Market, Urban Growth, Economic Growth, Capital Market, Urban Development
To cite this article
Waleed Hussein Ali Hussein, The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt, International Journal of Business and Economics Research. Vol. 8, No. 6, 2019, pp. 347-357. doi: 10.11648/j.ijber.20190806.13
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Aghion, P., G-M. Angeletos, A. Banerjee, K. Manova, 2005, “Volatility and Growth: Financial Development and Cyclical Composition of Investment.” Mimeo.
Aghion, P., P. Bacchetta, and A. Banerjee. 2004. “Financial Development and the Instability of Open Economies.” NBER Working Paper No. 10246, Cambridge, MA.
Alba, P., S. Al-Shawarby, and F. Iqbal. 2004. “Fiscal and Public Debt Sustainability in Egypt.” Middle and North Africa Working Paper No. 38. The World Bank, Washington DC.
Economic growth in Egypt constructions and determinants, 2016, Anton Dobronogov and Farrukh Iqbal Working Paper 0420.
Hanaa Kheir-El-Din and Hala Abou-Ali, Inflation and growth in Egypt is there a threshold effect?, June 2008, Working Paper No. 135.
Summary Notes on the RTD entitled: “Will Egypt Face a Real Estate Bubble?” Held on September 18, 2018, http://www.eces.org.eg/MediaFiles/events/3d067c7d.pdf.
Selected Investment Opportunities in Egypt, Brief- April 2016, and Ministry of investment.
Stats on Supply Vs Demand in Real Estate, 2018 Report, https://www.propertyfinder.eg/blog/en/2018-report-stats-on-supply-vs-demand-in-real-estate/
Egypt’s house prices falling sharply; but outlook remains positive, LALAINE C. DELMENDO June 20, 2019, https://www.globalpropertyguide.com/Middle-East/Egypt/Price-History
African Finance for the 21st century, high level seminar organized by IMF Institute, in collaboration with joint African institute, Tunisia, 2005. https://www.imf.org/external/np/seminars/eng/2008/afrfin/pdf/senbet.pdf
11Real estate the power of property, 2016, American chamber of commerce in Egypt. https://www.amcham.org.eg/publications/industry-insight/issue/1/Real-Estate%E2%80%99s-Big-Picture
Oxford business group, The report of Egypt 2018, https://oxfordbusinessgroup.com/egypt-2018
Oxford business group, Egypt’s housing market sees continued growth, 2018. https://oxfordbusinessgroup.com/news/egypt%E2%80%99s-housing-market-sees-continued-growth
Egypt’s Real Estate Market: Looking at the Bigger Picture, Egypt today, 2018. https://www.egypttoday.com/Article/3/58148/Egypt%E2%80%99s-Real-Estate-Market-Looking-at-the-Bigger-Picture
Impact of the Egyptian Pound Devaluation on the Real Estate Market in Egypt, house solutions, 2018. https://www.housesolutionegypt.com/blog/Impact-Of-The-Egyptian-Pound-Devaluation-On-The-Real-Estate-Market-In-Egypt
SAHAR NASR, Access to Finance and Economic Growth in Egypt, the World Bank, 2018. S.N 41305 http://siteresources.worldbank.org/INTEGYPT/Resources/Access_to_Finance.pdf
Real Estate Industry - Annual Report, 2018. Report linker. https://www.reportlinker.com/ market-report/Real-Estate/6274/Real-Estate?utm_source=adwords1&utm_medium=cpc&utm_campaign=Financial_Services&utm_adgroup=Real_Estate_Market_Reports&gclid=CjwKCAjw1_PqBRBIEiwA71rmta9vbbqBhybYo-rojJqneJRKpt_s4hGt5BZfDedu-P3IqlqWsUGt3xoCgBsQAvD_BwE
Browse journals by subject