Egyptians are parking their investments in property to protect against the EGP’s slide, Heba Saleh writes for the Financial Times. “The consequence [of the EGP’s devaluation] is affluent Egyptians increasingly seeking security in bricks and mortar, fuelling a boom in the undersupplied real estate market — one of the few sectors performing well… With the stock exchange volatile and expectation that the [EGP] will slide further, analysts say property is viewed as almost the only safe repository of value. Real estate prices have been rising by about 20 per cent annually in parts of Cairo.” The sales increases, despite hitting record levels according to one real estate company, is not reflected on their equities as investors are worried they might be caught at the peak of the tide, Saleh notes.