Why invest in Egytian property?
As a location for property investors, Egypt remains relatively undiscovered - but experts are increasingly recommending it for those looking to secure their funds in high-return assets.
The fact that the world is only just beginning to awaken to the opportunities that the north African state holds should make it all the more attractive to investors - especially as the market begins to hot up and investors head off to make modern-day Egyptian discoveries of their own.
The government has played a key part in attracting greater numbers of tourists to the country, placing real emphasis on this sector. This, in turn, has fuelled greater interest in the Egyptian property market - with the government continuing to put forward initiatives and legislation designed to encourage investment.
Despite this, property prices remain comparatively low - especially considering that many houses in Egypt are located either on the Red Sea, the Mediterranean Sea or by the banks of the Nile river.
Real estate investment interest currently centres around the resort areas in Egypt - as well as in its major cities such as Cairo and Alexandria. Investors are increasingly tapping into the short-term let market in Red Sea and Mediterranean destinations - with this sector providing the best rental yields countrywide.
Second home resales also can bring significant returns - as greater numbers of foreign buyers look for holiday houses in these areas. This market is particularly strong in Europe, as Egypt's location is extremely convenient in terms of flight times, despite its exotic feel.
Profits are also achievable from the rental market in major cities.
Egypt is a stable country and now enjoys strong relationships with many of the world's major economies.
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