As the new year begins, investors are looking for ideal investment opportunities in 2024. Investing your money wisely can be crucial, especially with the continuous rise in prices in Egypt. The market is undergoing a noticeable shift towards finding secure investments, especially with the potential of new devaluation of the Egyptian pound. People may prefer turning to gold and real estate to safeguard their wealth value and avoid the possible negative impacts of currency market fluctuations.

The shortage of foreign currency availability in Egypt poses an additional challenge, making it difficult to obtain hard currency. This increases the demand for acquiring assets such as gold and real estate. Cash accounts and bank certificates are considered safe options, especially after the National Bank of Egypt and Banque Misr, the two largest government banks in Egypt, introduced a new savings certificate with an annual interest rate of up to 27%.

Gold and real estate are typically considered safe investments during periods of significant economic fluctuations. They represent stable investments that can be relied upon and store money value in the face of inflation or economic volatility. Gold however offers returns that are realized only upon selling. Therefore, investors must carefully consider before choosing gold for investment.

The classification of investment types plays a crucial role in determining the level of risk and expected returns. Therefore, understanding how to make smart investment decisions is essential. Our journey into the world of investment begins with bank certificates and real estate as among the safest assets. Bank deposits provide governmental guarantees and financial stability, making them a good choice for investors looking to minimize the risks of capital loss. On the other hand, real estate investment offers an opportunity to achieve sustainable returns in the long run. 

As the landscape of the investment market evolves, choosing the right path becomes essential in securing financial well-being. Whether you choose the safety of bank certificates or the potential of real estate, you are urged to navigate your investment option with foresight and strategic planning in 2024.

The New Bank Certificates

In 2024, search engines witnessed a surge in activity around the search for the new certificates offered by the National Bank of Egypt and Banque Misr. These certificates offer an annual return of up to 27%, marking a significant shift in the banking landscape. This interesting development has caught the interest of citizens on the lookout for secure and profitable investment opportunities for a specified time frame.

For those seeking a faster turnover, there's a second certificate with a monthly return of 23.5%. The purchase process for both certificates started on January 8, 2024, accessible through various online banking platforms or by visiting the banks' branches. The certificate will be activated on the next working day after the purchase. The appeal of these numbers positions them as one of the most attractive investments in the market.

Both certificates offer the opportunity for bank loans, with the added benefit of securing credit cards. Additionally, the certificate can be redeemed after six months from the date of purchase, following the specified rules and conditions. The ongoing commitment of the banks to meet customer needs and enhance savings products to align with their aspirations is noticeable.

In televised statements, Mohamed El-Etreby, the head of the Egyptian Banks Union and the president of Banque Misr, acknowledged that these high-interest certificates could lead to losses for the banks. However, their national role becomes obvious as they compensate for these losses by introducing other deposit certificates.

The new certificates from the National Bank and Banque Misr appear as an exciting option for investors, reflecting the banks' commitment to their national role by offsetting losses with the introduction of alternative certificates. These certificates not only promise attractive returns but also underscore the banks' dedication to continuously understand the financial needs of their customers. The banking landscape is evolving, and these certificates present a golden opportunity for those seeking a secure and profitable investment journey in 2024.

Investing in Real Estate

Real estate stands out as a fantastic investment option, providing returns approximately 30% higher than a ten-year return. This surge is tied to the continuous increase in the exchange rate of the dollar against the Egyptian pound. Real estate also offers stability with a growing demand for residential and commercial properties, making real estate investment an appealing choice. The strong demand for property leasing and installment purchases foreshadows an expected growth in 2024 and 2025, following the improved performance in real estate investment in 2023.

Engineer Tarek Shoukry, the head of the Real Estate Development Chamber, is behind the significant transformations observed in the real estate sector, playing an important role in its development. Currently, the introduction of bank certificates with an interest rate of up to 27% raises questions about its impact on the real estate market. However, Engineer Tarek Shoukry asserts that this interest rate does not negatively affect the real estate sector.

The past three years have witnessed experimentations with high-interest bank certificates and real estate. Despite challenges, there has been an increased interest in property purchases, highlighting the strength and stability of the real estate market. Real estate holds a significant position as a value saver, with its return on investment significantly outperforming gold and bank certificates. Shoukry indicates that bank certificates are suitable for anyone investing with less than 150,000 EGP.

The real estate market is characterized by stability in the face of economic crises, with no recent declines in prices. Real estate demonstrates its strength in absorbing economic changes. An increase in demand for sales by 25%-30% is expected in 2024, despite rising prices, due to changes in production inputs. The appeal of purchasing real estate remains strong because of its role as a value-preserving asset.

If you are looking for future investment opportunities, Egypt and its real estate sector promise a bright future. However, several factors impact profit margins, such as choosing the type of real estate investment, selecting the location, and considering supply and demand ratios. Steps for successful real estate investment include:

• Choose the right type of real estate investment.
• Develop a plan and study for the investment.
• Study the real estate market.
• Precisely determine the investment amount.
• Research and compare when to start in real estate investment.
• Wait for the right time to purchase for the best price.

The real estate sector in 2024 presents an exciting investment opportunity, with increasing demand and attractive returns. Seize the moment and start a successful real estate investment journey!

FAQs

• Can I purchase bank certificates online?

Absolutely! You can buy bank certificates through various online banking channels.

• Do I need to pay fees to get a credit card along with the certificate?

No, the bank offers the option to obtain a credit card with the certificate guarantee without any additional fees.

• Can I redeem the certificate before 6 months?

No, the certificate can be redeemed after 6 months from the date of purchase, according to specified terms.

• Can I purchase the certificate from the bank branches abroad?

No, the certificate can only be purchased from bank branches within Egypt.

• Can I buy more than one certificate?

Yes, interested individuals can purchase multiple certificates if they have multiple accounts.

• Is there a minimum purchase requirement?

No, there is no minimum purchase requirement for certificates. You can invest the amount that suits you, starting from 1000 Egyptian pounds.

• What guarantees do the banks provide?

Banks offer guarantees on the invested capital in addition to the announced profits.

• Can I invest in real estate without prior experience?

Yes, it's possible, but it's important to start with research and preparation before diving into real estate investment.

• Is there potential for real estate investment outside major cities?

Yes, there are good opportunities for real estate investment in new cities and emerging areas.

• Can I rely on market timing in purchasing decisions?

Yes, the timing of purchase can significantly impact returns, so it's important to choose the right moment.

• Can real estate investment be profitable in the long run?

Yes, with consideration of surrounding factors and selection of investment strategies, real estate investment can be highly profitable.

• How can I get more information about real estate investment in Egypt?

You can obtain more information and access investment opportunities by contacting us at 01003366453.

Feel free to reach out if you have any more questions or need further assistance!