Property Select

• Home
• Property Search
• News
• About Us
• Contact

CAN EGYPT SUSTAIN ITS HIGH POTENTIAL?

Thursday, 21 Aug 2008

When taking a look at the existing property in Egypt that is available, a number of reasons add to the fact that Egypt seems to not be amongst the property markets going through major declines. Other major destinations for international property investment, such as Dubai and Bulgaria, did extremely well under the hype. The stunning accommodation in Egypt only slowly began to become known at a later stage, and only started to have an influence in the year 2005.

As a general rule, Egypt wasn’t thought of in the past when looking for a home, and not many people would have contemplated investing in property in Egypt. With general false impressions about Egypt rife, many are not aware of the great beauty and many attractions that this country has to offer, and often find themselves flying over Egypt without a second thought, en route to an overpriced Dubai.

However, property in Egypt should be strongly considered for investment opportunities. The region’s natural beauty flourishes, and there are numerous contrasts across the country, from the majestical Red Sea Resorts at Mangroovy Beach and El Gourna to the many stunning Mediterranean resorts. Another selling point for Egypt is that the flight from the UK is a relatively short one, making it a perfect destination for retirement or holiday and business alike.

Yet another reason for UK buyers to consider investing in property in Egypt is the very reasonable pricing of the properties. Properties are sold in sterling, so there is absolutely no chance of being unpleasantly surprised at a later stage, which has unfortunately been the case in many instances lately as that the Euro is much stronger than the pound. Then there is the fact that Egypt has no stamp duty as well as no property taxes, which means that buyers have an excellent opportunity to get back excellent returns on their purchased property investment.