A sustained contraction in economic output, conventionally two consecutive quarters of falling GDP; it suppresses absorption, widens the demand-supply gap, and lengthens days on market.
Related terms
- Remittances
Money sent home by workers abroad; in Egypt they are the largest single source of foreign currency and a dominant driver of residential demand, especially off-…
- Special economic zone (SEZ)
An area with distinct regulations and incentives to attract investment and industry.
- Transit-oriented development
Compact, mixed-use development focused around public-transport nodes.
- Urban sprawl
Low-density, car-dependent expansion of a city into its periphery; Cairo's desert satellite cities and Lagos's outward growth are textbook cases with heavy inf…
- Urbanisation
The shift of population from rural to urban areas, a structural driver of real estate demand.
- Zoning
Regulation dividing land into areas with permitted uses and development limits.
- Agglomeration economies
The productivity benefits that arise when firms and people locate close together.
- Bid-rent gradient
The way land rents and prices decline with distance from a city's centre or key node; it explains why Cairo's New Administrative Capital or Riyadh's core comma…