Egypt is certainly the new property investment hotspot - a real ‘boom’ in the market has been occurring during recent years.
With its strengthening economy, the country is an ideal choice whether looking to invest or buying a holiday home, thanks to its all year long holiday season, easy access to Europe, fascinating history and clear warm seas surrounding beautiful beaches. For these reasons, there is a very strong demand for holiday rental accommodation in Egypt - it is a real favourite destination for visitors and holiday-makers. This results in stronger rental yields from holiday homes, and the overall strengthening of a large portion of the market for investment property. For accessibility purposes, it is important to highlight that the low-cost airline carriers Easyjet now operate frequent flights from the United Kingdom and elsewhere to Sharm El Sheikh – one of the country’s most popular resorts along the Red Sea coast. These good value flights to Egypt will certainly be highly beneficial to property buyers here bringing even greater demand for holiday accommodation and maintaining the property market’s strength and stability.
In continuation, incentives for investing in Egyptian real estate go beyond the favourable climate and rich culture. The booming tourist industry is creating a demand for property that is cheap to buy and yet attracts high rental rates. Egypt also has excellent transport links to Europe, Africa and the Middle East, making it the perfect location for a wise property investment. Attractions such as the Pyramids of Giza, cruises along the River Nile and the opportunity to dive amongst the coral reefs of the Red Sea Riviera bring in over 8 million tourists a year. In addition to this there has been a massive cash injection into projects aimed at the tourist industry which also promises to improve the existing infrastructure. Buying a property in Egypt is a timely and wise monetary investment. Apartments are available for under £20,000 and have low running costs; combine this with a realistic goal of all year round rental opportunities and you can expect a good return on your investment. Make the most of an opportunity to invest in a country that boasts both the Red and the Mediterranean seas, and where the deserts meet delta; invest in Property Egypt today.
- Egypt has a promising emerging market for overseas property investment.
- There is an anticipated growth of 20% per annum for the next 3 years.
- There are No Capital Gains or Inheritance Taxes.
- The Egyptian climate delivers all year round sunshine.
- Due to a 12 month-a-year holiday season, there is a 52 weeks-per-year rental potential!
- Unlike any other country in the world, Egypt offers 7000 years of civilisation, breathtaking landscapes, heavenly sea waters and beaches, and is a nation of friendly and welcoming people.
- Along the paradise coast of the Red Sea and the virgin coral reefs, Egypt is one of the top diving locations in the world.
- Tourism in the country is continually growing and demand is greater than capacity.
- Political and Economic reforms make Egypt an exciting country to work in.
- The time is right now to invest for maximum returns.
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