{"id":13669,"date":"2022-06-19T18:36:13","date_gmt":"2022-06-19T16:36:13","guid":{"rendered":"https:\/\/aqartrendeg.com\/?p=13669"},"modified":"2022-06-19T18:36:13","modified_gmt":"2022-06-19T16:36:13","slug":"olx-egypt-clarifies-the-impact-of-the-egyptian-currency-devaluation-on-the-real-estate-and-automotive-sectors-in-egypt","status":"publish","type":"post","link":"https:\/\/aqartrendeg.com\/en\/13669\/","title":{"rendered":"OLX Egypt  clarifies the impact of the Egyptian currency devaluation on the real estate and automotive sectors in Egypt"},"content":{"rendered":"<p><strong>OLX<\/strong> Egypt has spotted a reduction in the real estate and automotive Ads after the Egyptian currency devaluation, based on the analysis of the behavior of 6 million monthly users.<br \/>\nThe study showed a 15% reduction in real estate ads compared to May, as well as the percentage of car ads by 35% in the same month compared to March.<br \/>\nFurthermore, the number of real estate advertisers decreased in May by 10% approximately, and the number of buyers by approximately 27%. Meanwhile, the demand rate for real estate has increased by 2%, which is less than the usual percentage of demand comparably to the same period of each year.<br \/>\nThe study added that the reduction of ads was due to the drastic hike in property prices, in both primary and secondary markets, in addition to stagnancy in the buying and selling process until prices stabilize.<br \/>\nThe situation is the same when it comes to the automotive sector. The demand rate on cars reduced by 11% in addition to a reduction in both buyers and advertisers numbers by roughly 35% during May compared to March 2022.<br \/>\nOLX\u2019s report confirmed that the global economic situation has affected the local economy in all countries, therefore the purchasing power and decision-making process, especially in these two main sectors, namely real estate and automotive.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OLX Egypt has spotted a reduction in the real estate and automotive Ads after the Egyptian currency devaluation, based on the analysis of the behavior of 6 million monthly users. The study showed a 15% reduction in real estate ads compared to May, as well as the percentage of car ads by 35% in the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":13666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81],"tags":[4820],"class_list":["post-13669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-news","tag-olx-egypt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.1 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OLX Egypt clarifies the impact of the Egyptian currency devaluation on the real estate and automotive sectors in Egypt - \u0639\u0642\u0627\u0631 \u062a\u0631\u064a\u0646\u062f - Aqar Trend<\/title>\n<meta name=\"description\" content=\"OLX Egypt has spotted a reduction in the real estate and automotive Ads after the Egyptian currency devaluation, based on the analysis\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aqartrendeg.com\/en\/13669\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OLX Egypt clarifies the impact of the Egyptian currency devaluation on the real estate and automotive sectors in Egypt - 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