Are property investors avoiding egypt?

Property investors may be steering clear of Egypt, as violent unrest continues, according to new reports.

Indeed, vacancy rates are on the up, with 25 per cent of top office space in Cairo sitting empty, according to Jones Lang Lasalle – far behind the 7 per cent recorded in Paris or London. Indeed, rents in the city have dropped to $40 per square metre from $50 recorded in 2009, as South African funds and Gulf developers remain the prime movers within the stalling market.

“There is a lot of Gulf money looking for a home in North Africa and sub-Saharan Africa. I'll suggest you'll now see more going into sub-Saharan Africa,” Peter Welborn of Knight Frank told Reuters.