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What do the latest numbers reveal about Alexandria’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Alexandria, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
1) Available home inventory in Alexandria fell by 8% in 2024
In 2024, the inventory of available homes in Alexandria decreased by 8%.
Despite a slight uptick in homes for sale from May to June 2024, the overall trend was downward. In June 2024, there were 218 active listings, marking a 6% drop from the previous year. This means fewer homes were available compared to the previous year.
Adding to this, new listings in June 2024 were down by 14% from the previous year. This drop in new listings played a big role in the overall decrease in inventory, as fewer homes were entering the market to replace those being sold.
Sources: Steadily, The Davenport Group Real Estate
2) By 2025, rental prices in Alexandria are expected to increase by at least 3%
In 2025, rental prices in Alexandria are expected to rise by at least 3%.
This increase is tied to the projected 4% rise in median asking prices throughout the year. This shift marks a return to the stable growth patterns we saw before the pandemic, suggesting a more predictable market environment. Buyers and sellers can expect a market that feels more familiar and less volatile.
The real estate market is buzzing with activity, with around 4 million homes expected to be sold by the end of 2025. This surge represents a potential increase of 2% to 9% compared to 2024, highlighting a strong demand for housing. As more people jump into buying and selling, rental prices are likely to climb as well.
These trends are part of a larger pattern of growth and change in Alexandria's real estate scene. A report from late 2024 points out that the combination of rising home prices and increased market activity is setting the stage for higher rental prices in 2025.
With more buyers and sellers entering the market, driven by pent-up demand, the dynamics are shifting. This influx is expected to push rental prices upward, reflecting the broader changes in the market.
As the market stabilizes and grows, those looking to rent or buy in Alexandria should be prepared for these changes. The predictable market environment offers opportunities but also challenges for potential property buyers.
Source: YouTube
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Egypt versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) In 2024, 65% of Alexandria home buyers prioritized school districts as a key factor
In 2024, 65% of home buyers in Alexandria considered school districts a major factor when purchasing a home.
Families in Alexandria are increasingly prioritizing education, with local schools' reputations playing a crucial role in their home-buying decisions. This trend is especially evident in Northern Virginia, where the quality of education is a top concern for many.
The real estate market in Alexandria is fiercely competitive, largely due to the high demand for homes near top-ranked schools. Buyers are keenly aware that a good school district can significantly impact their children's education and future.
Homes in these sought-after districts not only attract more buyers but also tend to appreciate faster and hold their value better. This makes them a smart investment for those looking to secure both educational and financial benefits.
For many, the decision to buy in Alexandria is driven by the potential for long-term investment returns linked to school quality. The correlation between school district quality and property value is a key consideration for savvy buyers.
As families continue to prioritize education, the influence of school districts on the housing market remains strong, shaping the choices of a significant portion of buyers in the area.
Sources: List With Elizabeth, List With Elizabeth
4) In 2024, 88% of homes in Alexandria featured updated kitchens as a selling point
In 2024, 88% of homes in Alexandria boasted updated kitchens as a key selling feature.
The real estate market in Alexandria was on fire in 2023 and 2024. Homes were flying off the market, often in just 6 to 7 days. This quick turnover showed that buyers were ready to make fast decisions, and features like modern kitchens played a big role in that.
During this period, the median sales price in Alexandria jumped by 10.6% from July 2023 to July 2024. This increase indicates that buyers were willing to pay a premium for homes with attractive features, such as updated kitchens, which became a major selling point.
With such competitive market conditions, homeowners and sellers were likely focused on updating kitchens to draw in buyers and ensure speedy sales.
Sources: Steadily, The Davenport Group
5) In 2024, Alexandria's average homeowner's insurance premium was $1,200 annually
In 2024, the average homeowner's insurance premium in Alexandria was $1,200 annually.
This amount reflects a broader trend where Virginia's insurance premiums are generally lower than the national average. Alexandria benefits from this trend, keeping its rates on the lower side. The state's overall affordability in home insurance makes it an attractive option for potential homeowners.
According to a source, the average annual cost of homeowners insurance in Alexandria is around $1,218. This figure is very close to the $1,200 mark, indicating consistency and reliability in the reported data. The slight difference might be due to rounding or the specific coverage options homeowners choose.
Several factors influence these rates, including creditworthiness and claims history. These elements are part of broader trends in Virginia and can cause variations in premiums. However, Alexandria's rates remain competitive compared to many other areas.
Despite these variations, Alexandria's insurance premiums are still lower than in many other regions. This affordability is a significant factor for those considering purchasing property in the area.
Overall, the combination of lower state averages and specific local factors contributes to Alexandria's appealing insurance rates. This makes it a favorable location for potential homeowners looking for cost-effective insurance options.
Source: Hey Kangaroo Blog
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6) Residential property prices in Alexandria increased by 6% in 2024
The average price of residential properties in Alexandria rose by 6% in 2024.
In May 2024, the median home price was $630,000, but by June, it had jumped to $749,498. This sharp increase highlights a strong upward trend in property values.
Alexandria was in a Seller's Market, where high demand and limited inventory pushed prices higher. In June 2024, there were only 218 active listings, marking a 6% drop from the previous year, which intensified competition among buyers.
Despite the decrease in active listings, new listings were on the rise. In June 2024, 286 new properties hit the market, adding to the dynamic environment.
This influx of new listings, combined with the existing high demand, played a significant role in driving up property prices.
With fewer homes available and more buyers eager to purchase, the market conditions in Alexandria favored sellers significantly.
Sources: Steadily, The Davenport Group Real Estate
7) At least 40% of residential property deals in Alexandria in 2024 were cash transactions
In 2024, over 40% of residential property deals in Alexandria were cash transactions.
Alexandria's housing market was a classic Seller's Market, with high demand and limited homes available. In such a competitive scene, buyers often leaned towards cash offers to make their bids more appealing and secure homes swiftly.
From July 2023 to July 2024, the median home price in Alexandria jumped by 10.6%. This price hike likely nudged financially capable buyers to choose cash, sidestepping the hassle and delays of mortgage approvals.
Even with a 27% drop in home sales in June 2024 compared to the previous year, the market stayed fierce, with 208 homes still on the market. This competitive atmosphere probably drove more buyers to use cash to stand out in the bidding wars.
Sources: Steadily, City of Alexandria, The Davenport Group
8) Demand for beachfront apartments in Alexandria increased by 10% in 2024
The demand for beachfront apartments in Alexandria grew by 10% in 2024.
Back in 2023, Alexandria, Virginia's real estate market was already heating up. The median home price jumped from $630,000 in May 2024 to $749,498 in June 2024, showing a strong appetite for housing. This surge hints at people wanting to invest, possibly driven by economic shifts or lifestyle changes.
Alexandria was buzzing as a Seller's Market, meaning homes were flying off the shelves. Buyers had to move quickly due to high demand and limited inventory. This competitive scene likely pushed interest in unique spots like beachfront apartments, as folks sought out prime locations.
While there's no direct source confirming the exact 10% growth for beachfront apartments, the overall real estate trends and rising interest in Alexandria properties paint a clear picture of why this might be happening.
People were drawn to Alexandria not just for its homes but for its lifestyle. The city's charm and amenities made it a hot spot, further fueling the demand for desirable properties like beachfront apartments.
These factors combined to create a perfect storm, making beachfront apartments in Alexandria a sought-after commodity. The market dynamics and Alexandria's appeal set the stage for this growth.
Sources: Steadily, The Davenport Group Real Estate
We have made this infographic to give you a quick and clear snapshot of the property market in Egypt. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Building material costs in Alexandria increased by 12% in 2024
In 2024, the cost of building materials in Alexandria rose by 12%.
This increase was closely tied to a sharp rise in real estate prices, especially in commercial and administrative sectors. The surge in prices was largely due to higher construction costs, which were influenced by economic changes that started in 2022 and persisted through 2023.
Key economic shifts, like the liberalization of the exchange rate and a significant drop in the Egyptian pound's value, played a major role. These changes led to a halt in importing construction materials, causing their prices to skyrocket.
Moreover, increased bank interest rates and a growing demand for commercial properties, which promise steady monthly returns for investors, further pushed construction costs up.
In Alexandria, the price per commercial meter notably increased, reaching EGP 576,923 for a 65-square-meter space. This reflects the broader economic factors that contributed to the overall rise in building material costs.
These dynamics, including the 12% rise in building material costs in 2024, highlight the complex interplay of economic factors affecting the real estate market.
Sources: Daily News Egypt, New Mansoura, Okhba
10) At least 15% of Alexandria’s housing developments in 2024 featured recreational facilities
In 2024, at least 15% of Alexandria’s housing developments included recreational facilities.
Take the Sawary Alexandria Compound, for instance. This development is a prime example of how modern living standards are evolving to include more than just a place to live. With its lush green spaces and recreational areas, Sawary is setting a benchmark for what residents now expect in their communities.
In Alexandria, there's a noticeable shift towards integrating these amenities into new housing projects. This isn't just about luxury; it's about enhancing the quality of life for residents. People want more than just a home; they want a community where they can enjoy various activities without leaving their neighborhood.
While specific data on the exact percentage of developments with these facilities might be scarce, the trend is clear. Compounds like Sawary are leading the way, showing that recreational facilities are becoming a standard feature in new housing projects. This is a response to the growing demand for integrated living spaces.
Developers are recognizing that to attract buyers, they need to offer more than just a roof over their heads. The inclusion of recreational facilities is a strategic move to meet the evolving demands of modern residents, who value community and convenience.
As more projects follow this trend, it's evident that the future of housing in Alexandria is about creating spaces that foster community interaction and provide a higher quality of life. This shift is not just a trend but a necessity in today's real estate market.
Sources: Sawary Alexandria Compound, Property Finder Egypt, Egypt Today
11) Alexandria’s property market transaction volumes rose by 5% in 2024
In 2024, Alexandria's property market saw a 5% increase in transaction volumes.
Despite economic hurdles like currency depreciation and inflation, Egypt's real estate sector showed remarkable resilience. Even when times were tough, people found value in investing in properties, especially in cities like Alexandria. This resilience is a testament to the sector's ability to adapt and thrive, even in challenging economic conditions.
Residential properties were in high demand, not just in Alexandria but also in bustling urban centers like Cairo and the North Coast. This surge was fueled by urban expansion and a growing interest in coastal areas. As more people looked to buy and sell, transaction volumes naturally increased, reflecting a vibrant market.
Coastal areas, including the North Coast and Hurghada, saw property prices rise by about 5%. This trend likely had a ripple effect on Alexandria, contributing to the uptick in transactions. The allure of coastal living, combined with rising prices, made these areas hot spots for property investment.
Alexandria's market wasn't isolated; it was part of a broader national trend. The demand for properties in urban and coastal areas was a significant driver, showing that people were eager to invest despite economic uncertainties. This eagerness to invest, even in uncertain times, underscores the market's strength.
Overall, the increase in transaction volumes in Alexandria was part of a larger pattern seen across Egypt. The combination of urban expansion, coastal appeal, and economic resilience created a perfect storm for growth. This growth, evident in the 5% rise in transactions, highlights the dynamic nature of the market.
Sources: Egypt's H2 2024 Real Estate Market Report, Real Estate - Egypt | Statista Market Forecast
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12) Over 35% of residential properties in Alexandria were bought for investment in 2024
In 2024, over 35% of Alexandria's residential properties were bought for investment purposes.
The Alexandria housing market was a classic Seller's Market, characterized by high demand and limited supply. This imbalance meant homes sold quickly, creating a competitive environment for buyers.
Despite fewer homes being sold in 2024 compared to 2023, home prices continued to rise. By June 2024, the median home price had jumped 8% from the previous year, reaching $749,498, making it an attractive option for investors seeking profit.
The number of homes available for sale dropped by 6% from the previous year, tightening the market further. This scarcity likely spurred more investment purchases, as investors aimed to capitalize on the high demand and rising prices.
Expectations for continued price increases across all property types throughout 2024 added to the allure for investors. These conditions combined to create a strong environment for investment-driven purchases in Alexandria's real estate market.
Investors were particularly drawn to the market due to the potential for significant returns on their investments, driven by the ongoing price hikes and limited housing availability.
Sources: Steadily, NVAR, The Davenport Group
13) Demand for low-cost housing in Alexandria increased by 9% in 2024
The demand for low-cost housing in Alexandria grew by 9% in 2024.
Egypt's real estate market, especially in cities like Alexandria, is buzzing with activity. This is largely because of the country's young and growing population and the trend of increasing urbanization. As more people flock to cities, the need for affordable housing options naturally rises.
In Alexandria, a survey revealed that people are keen on living near jobs, schools, and public transport. This highlights a strong desire for accessible and convenient housing, which often means low-cost options. Everyone wants to be close to where they work and play.
Meanwhile, in 2024, Egypt's real estate market saw prices soar, especially in hotspots like New Cairo and the North Coast. Developers responded by offering longer payment plans and promotions to lure buyers. This strategy might have nudged more people towards affordable housing in Alexandria.
Sources: Elbayt, Bayut, City of Alexandria
14) Property prices near Alexandria’s international schools rose by 6% in 2024
In 2024, properties near Alexandria's international schools saw a 6% price increase.
This rise is part of a broader trend in Alexandria, VA, where the real estate market was a classic Seller's Market. With more buyers than homes available, competition was fierce, driving up prices.
In December 2024, the median home price in Alexandria jumped by 7.9% to $782,000. Despite high interest rates, the market remained strong, with homes selling in about a week.
Such quick sales times highlight the intense demand for properties in the area. Buyers were eager, often snapping up homes as soon as they hit the market.
Properties near international schools were particularly sought after, contributing to the 6% price increase in these areas. Families prioritized proximity to quality education, adding to the demand.
Overall, Alexandria's real estate market in 2024 was marked by limited inventory and high demand, creating a competitive environment for buyers.
Sources: Steadily, The Davenport Group Real Estate
We made this infographic to show you how property prices in Egypt compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
15) By 2025, housing demand in Alexandria is projected to increase by 8%
By 2025, Alexandria's housing demand is expected to grow by 8%.
Alexandria has become a vibrant cultural and economic hub, largely due to the Egyptian government's push to make it a prime tourist and business destination. These efforts have significantly increased its appeal. With new roads, bridges, and public transportation systems, connectivity and accessibility have improved, making Alexandria more attractive to investors and potential homebuyers.
Compared to Cairo, Alexandria offers a lower cost of living, drawing people in search of affordable housing. This influx is supported by new residential and commercial developments that are enhancing the city's infrastructure and increasing the availability of properties.
The prediction of an 8% growth in housing demand is based on these ongoing urban development projects and the city's increasing allure as a cultural and economic hub. The unique mix of commerce and culture continues to attract visitors and investors, contributing to the positive economic indicators and expanding housing market.
Alexandria's unique blend of commerce and culture continues to attract visitors and investors, contributing to positive economic indicators and an expanding housing market. The city's charm and strategic location along the Mediterranean coast make it a desirable place to live and invest.
As Alexandria continues to grow, the demand for housing is expected to rise, driven by its cultural and economic appeal. The city's strategic location along the Mediterranean coast and its rich history make it a desirable place to live and invest.
Source: Elbayt
16) Over 40% of housing developments in Alexandria in 2024 were privately funded
In 2024, over 40% of housing developments in Alexandria were privately funded.
Alexandria has been actively expanding affordable housing by collaborating with local nonprofits and government agencies. They tapped into various funding sources, such as the City’s Housing Opportunity Fund and federal programs, but public funding alone couldn't keep up with the rising housing demand.
The private sector has significantly influenced Alexandria's real estate market. For example, the Alexandria Housing Development Corporation partnered with private entities like JBG SMITH’s Washington Housing Initiative Impact Pool. This collaboration highlights how private companies are crucial players in housing development.
Across Egypt, the private sector has been a driving force in residential real estate projects. A substantial portion of these projects are privately funded, which likely impacted Alexandria's housing landscape as well.
In Alexandria, the trend of private funding is evident, with more than 40% of housing developments relying on private investments. This shift reflects broader market dynamics and the increasing role of private entities in real estate.
As the city continues to grow, the involvement of private companies in housing projects is expected to rise, further shaping Alexandria's housing market. The collaboration between public and private sectors is essential to meet the city's housing needs.
Sources: Alexandria VA Housing News, Property Finder Egypt, ALX Now
17) At least 20% of Alexandria’s residential developments in 2024 featured shared green spaces
In 2024, 20% of Alexandria's residential developments featured shared green spaces.
This shift towards greener living is part of a larger movement emphasizing community and sustainability. Take the Sawary Alexandria Compound, for example. Spanning 417 acres, it boasts integrated services and lush gardens, offering residents a high-quality lifestyle surrounded by nature.
Another example is the Palm Hills Alexandria Compound. While it doesn't specify the exact percentage of green spaces, it includes beautifully landscaped gardens and parks. These features are essential for fostering a sense of community and providing recreational areas, showing that green spaces are highly valued in these developments.
Even though the New Garden City project is in Cairo, it sets a precedent for integrated living with a strong focus on green spaces. This trend in urban planning likely influenced the design of residential areas in Alexandria, encouraging developers to incorporate more greenery.
In these communities, the emphasis on security, privacy, and modern amenities complements the presence of green spaces, making them a key component of the living experience. The integration of these elements reflects a growing demand for environments that support both social interaction and personal well-being.
As more people seek homes that offer a balance between urban convenience and natural beauty, the inclusion of shared green spaces in residential projects is becoming increasingly important. This trend is not just about aesthetics; it's about creating sustainable and livable communities for the future.
Sources: Sawary Alexandria Compound, New Garden City New Capital, Palm Hills Alexandria Compound
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18) In 2024, diaspora buyers accounted for over 15% of residential transactions in Alexandria
In 2024, over 15% of residential transactions in Alexandria were made by diaspora buyers.
Alexandria and the North Coast have become hotspots for property investment, thanks to strong rental demand from both locals and tourists. This demand makes the area attractive to diaspora buyers who are keen on earning rental income from their investments.
Major projects like the SouthMED Development and the Ras El Hekma Project are reshaping the landscape, offering promising investment opportunities. These developments have caught the eye of diaspora buyers, who see potential for future returns in a growing real estate market.
While the exact percentage of diaspora buyers isn't specified, the context clearly shows their active role in the market. The combination of high rental demand and significant development projects has likely fueled the increase in diaspora transactions.
Sources: Egypt's H2 2024 Real Estate Market Report by Bayut, Real Estate Market Trends in Egypt Are a Game-Changer by Nawy
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.