What are the factors behind the high prices of Properties in the New Cities?

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  • Published Date: August 13, 2017
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Let us say that lately, the prices are too high of all properties in the new cities which sometimes reach to an illogical price even if the logical thinking assures that the new cities are a solution for overpopulation in Cairo, so the prices shall be bearable to all. But, what actually happens is that we find high prices. So, let’s know the reasons behind such high prices and then we will know it is normal.

Let’s see:

  • Offer & Demand:

  • if we asked ourselves why we go to the new cities, we will know that offer and demand is the main reason. In other words, people go to the new cities to escape from the crowd and to find all the needed services and facilities. So, this is the main reason behind the increment in demanding properties in the new cities. That’s why the prices increase. This is “offer & demand”,
  • The Infrastructure:

  • one of the main reasons behind thinking about moving to the new cities is to find a better infrastructure place with better services. That’s why, when the needed services and facilities are available, the price becomes higher,
  • Universities and International Schools:

  • Let’s agree upon that this is the main thing that we search for it in the place that we are going to live in. Of course, this causes an increment in the prices of properties in the new cities as there are schools, universities, hospitals, parks, entertainment places, and many others,
  • What is more important is that there is not randomness

  • anymore as there is a previous planning. So, you will not need anything from the old cities as the new ones have all the needed services and facilities.

To conclude, one can say that the high prices of properties in the new cities like Madinaty, Fifth settlement, or any other area near the new capital of Egypt, seem to be normal.

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