Aqar Exit, a digital platform specializing in property assignments, has launched Egypt’s first index tracking the property assignment market, in a move aimed at monitoring existing real estate contracts and analyzing trends in supply, demand, liquidity, and purchasing power.
The index is based on preliminary data recorded on the platform between August 8 and September 5, 2026.
Dr. Mahmoud Ammar, Founder and CEO of Aqar Exit, said the launch of the index comes in response to the growing need for more accurate and reliable data on Egypt’s property assignment market, particularly as transactions involving existing contracts continue to gain momentum.
Ammar explained that several attempts had recently been made to analyze data from the platform, but some included inaccuracies in reading or interpreting the figures.
“As a result, Aqar Exit decided to issue official periodic reports based on verified platform data, providing the public with a clearer picture of market trends and helping developers, investors, brokers, and customers better understand the changes taking place in Egypt’s real estate market,” he said.
Ammar described the dynamic between sellers and buyers, saying: “One is trying to exit yesterday’s price, while another is trying to escape today’s price — and they both met at Aqar Exit.”
A New Secondary Market for Existing Property Contracts
Data collected during the platform’s first 28 days indicate that the activity goes beyond conventional property resales, pointing to the emergence of a genuine secondary market for installment-based real estate contracts.
Such a market has long existed informally through brokers, closed groups, and individual transactions, but Aqar Exit says it is now, for the first time, generating measurable and trackable market indicators.
Aqar Exit Index: Key Market Figures
The platform’s first official report revealed significant levels of activity, including:
– 9,839 assignment files opened on Aqar Exit.
– 7,225 unique sellers registered assignment files.
– 5,045 units listed or under review.
– EGP 72.2 billion in estimated market value of listed units.
– EGP 53.6 billion in original contract value for these units.
Ammar noted that the gap between the original contract value and the units’ current estimated market value reflects the existence of multiple pricing levels in the market.
He explained that Egyptian real estate is no longer moving according to a single price point, as the market now includes developers’ current launch prices alongside older contracts whose installment payments are still ongoing.
31,992 Purchase Requests and 14.6 Hours to the First Offer
On the demand side, Aqar Exit’s data showed strong and active interest in units listed for assignment.
The platform recorded:
– 31,992 purchase requests.
– 17,268 unique buyers.
– 684,134 views of listed units.
– A median time of just 14.6 hours to receive the first purchase request after a unit was published.
– 69.1% of units that received purchase requests received their first request within the first 48 hours.
According to Ammar, the figures highlight two opposing sides of the market: sellers seeking to exit an existing financial commitment, and buyers looking for an opportunity to enter the market through an existing contract rather than bearing the higher cost of a newly launched unit.
Demand Concentrated in Lower-Priced Units
The distribution of demand by price segment revealed a significant trend for developers to consider.
According to Aqar Exit:
– Units priced below EGP 3 million received an average of 9.5 purchase requests per unit.
– Units priced above EGP 20 million received an average of 1.6 purchase requests per unit.
– The median cash liquidity available among buyers was approximately EGP 1 million.
– The median monthly installment buyers were willing to accept stood at approximately EGP 50,000.
Ammar said these indicators raise questions about the extent to which current pricing levels are aligned with the actual purchasing power of the market.
He stressed that the figures reflect actual purchase requests registered on the platform, rather than opinion polls or surveys.
The “Second-Year Wall” Tests Buyers’ Ability to Continue Payments
The report also identified a notable pattern regarding the timing of assignment decisions.
Data showed that for approximately half of sellers with available payment information, around 26.8% of the unit’s value had been paid at the time the unit was offered for assignment.
Meanwhile, 88.1% of cases for which contract-age data were available emerged within the first two years of the contract.
A total of 1,497 sellers indicated a willingness to give up part of their expected proceeds in exchange for a faster exit. These cases accounted for approximately 31.3% of the listed supply.
In addition, 20.7% of cases with available payment-status data indicated that the sellers had overdue installments.
Ammar described this trend as the “second-year wall” — the stage at which a buyer’s actual ability to sustain financial commitments begins to become clearer, following the initial purchase decision and the transition into long-term installment obligations.
EGP 16 Billion in Paper Profits Seeking Liquidity
One of the report’s most notable findings was the identification of approximately EGP 16 billion in unrealized or “paper” profits being offered for sale.
According to Ammar, this highlights an important paradox in the real estate market: an owner may hold a property that has appreciated in value on paper while simultaneously facing a need for immediate liquidity.
“Paper profits don’t pay the installment, and sometimes liquidity is more important than deferred gains,” Ammar said.
He explained that an increase in a property’s market value does not necessarily mean that its owner has sufficient liquidity to continue meeting installment obligations.
As a result, the assignment market creates a space where sellers’ need for liquidity intersects with buyers’ search for more attractive prices or payment terms.
Aqar Exit: Turning the Assignment Market from Perceptions into Data
Aqar Exit emphasized that the market tracked by its index should not be reduced to the traditional concept of resale, nor should it be viewed simply as a market for units offered at discounted prices.
Instead, the platform considers it the beginning of an emerging secondary market for existing real estate contracts, with its own characteristics in terms of supply, demand, liquidity, transaction speed, purchasing power, and pricing.
Ammar said the launch of the Aqar Exit Index aims to transform a market that has historically operated through perceptions, individual deals, brokers, and informal networks into a market whose movements and indicators can be systematically tracked, measured, and analyzed.
He stressed that the index does not suggest that Egypt’s real estate market is experiencing a crisis, nor does it mean that every unit listed for assignment is owned by a distressed seller.
The index also does not constitute an assessment of the performance of any particular developer or project. Rather, it provides a data-driven reading of the information available on the platform during the reporting period.
Ammar concluded that Egypt’s real estate market is changing, with the emergence of a secondary market for existing contracts representing one of the clearest signs of this transformation.
He added that the continued publication of the index on a periodic basis will provide a more accurate picture of developments in the assignment market and help track trends in demand, liquidity, and purchasing power in the months ahead.