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Despite the negative short term economic impact of the recent revolution, Egypt's economy will continue to grow and the positive fundamentals of the Cairo real estate market remain unchanged. In the short term, real estate activity in Cairo will remain depressed due to the ongoing uncertainties dominating the post-revolutionary period. 2011 could therefore represent something of a 'lost year' with decisions to lease or purchase real estate delayed until the 'dust settles' and greater certainty returns to the market after the elections later in the year.
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05 April 2011