THE MOST INFLUENTIAL FACTORS ON THE REAL ESTATE UNIT PRICE IN EGYPT

Accurate forecasting of real estate prices has a very influential role on a country's economy. To cope with this accurate prediction, the factors affecting the real-estate market system, particularly the price of real estate units, have to be identified first. This paper provides a comprehensive study of the factors affecting the price of real estate units in Egypt to see how these factors affect the price. Sixty-three factors were selected and divided into 7 groups according to their nature to study the impact of those factors. The analysis of the questionnaire showed that about 27 factors of 63 are the most influential factors affecting real estate unites price in Egypt. The most influential factors were chosen according to the relative weight which are more than 70%. This relative weight was calculated according to the indicators which were referred to while analyzing the questionnaire. Applying Reliability Statistics test to check the consistency of factors questionnaire on SPSS Ver.25 gives Cronbach's Alpha equals 0.847 that means the consistency is high. The impact of these factors on the Egyptian real estate market has been examined as shown in the conclusions.