Alaa Abu El-Wafa: Discussion of Delinquent Borrowers Does Not Signal a Real Estate Bubble or Recession

✦Key takeaways

Alaa Abu El-Wafa said increased activity by delinquent borrowers on platforms should not be viewed as evidence of a real estate bubble or recession.
He stressed the importance of avoiding exaggeration or alarming the public about Egypt’s real estate industry.
He said the industry has undergone major developments in recent years.

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