Just 5 hours flight time a world a part, Egypt is a country like no other. Full of ancient history, beautiful places and stunning beaches on the Red Sea, Egypt is a haven for investors looking to purchase an overseas property in a haven where the benefits are fantastic.
Egypt is close to the UK, cheaper than the UK, and is a place that offers very good rental opportunities. Egypt is not expected to suffer economic decline during the global downturn, as its sources of revenue are from Middle Eastern banking systems and trade, a region widely predicted to withstand the external pressures that will influence the rest of the world’s markets.
Egypt’s year-round ideal weather – particularly on the Red Sea - is just one of the many perks of this superb place, not to mention the very good tax laws (no capital gains or inheritance tax), very good capital growth predictions and charming and rich culture and people.
The anchor of Egypt is the Red Sea Riviera, and Sharm El Sheikh more notably – fast becoming known on a global basis as the destination to be on the Red Sea. Sharm El Sheikh is a supreme area filled with resorts and big named hotels, restaurants from around the world, water sports and golf course. And, to top it off, the Red Sea offers some of the best snorkelling and scuba diving in the entire world.
Egypt is a unique market, unique because luxury front-line development with quality properties are being developed at a fraction of the price as other beach areas. is vastly undervalued and the demand for these properties clearly outweighs the supply. Few opportunities still exist anywhere in the world to purchase premium waterfront properties at bottomline price levels, particularly within this ideal proximity to Europe. Apartments in Egypt can start from as little as £26,068.
The low value properties are complimented by a wealth of other benefits in Egypt. The fact that the tourist market is only increasing and expanding at exceedingly fast rates is a good indicator for the rental market. The tourist industry is established and thriving and this will always be the case with Egypt. This is one of the primary reason investors select this place as the rental market is year round and will always be healthy.
Affordable cost of living making affordable holidays is another appealing point to this magical place. Egypt’s road infrastructure in the area is well developed, a further bonus compared with other markets that require the patience of waiting for supporting infrastructure to catch up to the demands of high visitor numbers.
Now is the time to as the real estate market is soaring an prices are exceptionally low.
