State Hikes Land Prices

CairoEgypt just doubled its expat land prices.

Beit al-Watan sells diaspora nationals dollar-priced land, netting $7.3 billion since 2012 per official figures, as brokers now resell half the plots.

A developer tells Mada Masr the state is grabbing speculators’ profits — middlemen will just charge buyers even more.

Sources: Mada Masr