Increase of U.S. dollar exchange rate and real estate Egypt 2022-2023
Between September 2022 and January 2023, the Egyptian pound dropped in value with an increase from 19.14 Egyptian pounds per U.S. dollar to 29.89 Egyptian pounds per U.S. dollar. This represented an increase of 56 percent. In contrast, prices in the real estate market have seen a lower increase between 14 percent and 39 percent, averaging around 27 percent.