Wednesday, May 16, 2012
0930 GMT [Zawya Dow Jones]--Residential rents in Cairo are expected to remain stable while sales are expected to fall as the supply pipeline tightens, Jones Lang LaSalle say in their latest report. "Further construction delays and cancellations could reduce this supply pipeline," JLL says. Adds current residential stock stands at 72,000 units and future supply scheduled is 27,000 units for 2013. (tahani.karrar@dowjones.com)
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(END) Dow Jones Newswires
16-05-12 0939GMT
