Who is the developer of Village Gardens Katameya compound?

The company that owns Village Gardens Katameya New Cairo is Palm Hills

Under market price villa in Village Gardens Katameya

Reference: BB 71750

EGP 12,000,000

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 12,000,000

Under market price villa in Village Gardens Katameya

Reference:

BB 71750

Price:

EGP 12,000,000 Cash

Finishing Status:

Semi Finished

Plot Area:

360 sqm

Building Area:

405 sqm

Bedrooms:

Bathrooms:

Listed:

Mon 1 May 2023

Description

4 Bedrooms Villa for Sale in Village Gardens Katameya New Cairo By Palm Hills

Village Gardens Katameya is a gated and secured community in one of the most prestigious areas of New Cairo, Egypt. The community consists of modern villas and apartments, surrounded by lush greenery and luxurious amenities, such as a clubhouse, walking and biking paths, and retail areas. However, the current real estate market in Egypt has created an opportunity for buyers to purchase a villa in Village Gardens Katameya at an under-market price.

Firstly, the COVID-19 pandemic has impacted the real estate market in Egypt, including the prices of properties in Village Gardens Katameya. Many people who were planning to buy or sell have postponed their plans due to the uncertainty caused by the pandemic. This has led to a decrease in demand for properties, leading to a decrease in prices.

Secondly, the current economic situation in Egypt has also made it difficult for many individuals to afford purchasing a villa in high-end communities such as Village Gardens Katameya. The country has faced challenges, such as currency devaluation and inflation, that have impacted people’s purchasing power. This has led to some properties being on the market for a longer time, creating an opportunity for buyers to negotiate for a lower price.

Lastly, some sellers in Village Gardens Katameya have urgent financial needs and may be willing to sell their property at a lower price than the market value to secure a quick sale.

In summary, the current real estate market in Egypt has created an opportunity for buyers to purchase a villa in Village Gardens Katameya at an under-market price. This opportunity may not last forever, as the market could rebound in the future. Therefore, it is advised for interested buyers to act quickly and negotiate with sellers to secure a deal that suits their budget and meets their desires.

MLS Realty
+201200070979