Property Select

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

INVESTORS REVEL IN THE CONSISTENCY AND POPULARITY OF PROPERTY IN EGYPT

Friday, 25 Jul 2008

Property in ‘unusual locations’ have proved to be popular with international investors, according to TheMoveChannel.com, which has released its list of the top 10 most enquired about investment properties for the month of March.

Egypt took a top spot in this month’s chart beating out more popular markets like Canada and Cyprus. This is the third month in a row where the established markets of France, Spain and Italy have been overlooked by prospective investors.

According to a survey conducted by ‘Homes Worldwide’, they recommend the possible increase in overseas investing (especially in Egypt, Brazil, etc) is directly related to the current state of the housing market in the United Kingdom, where the mortgage rate remain on the rise, while the price of houses is steadily on the decline.

A large attraction remains the projected guarantee of large rental returns for property situated holiday destinations, the likes of Egypt, Brazil, and Italy – to name but a few countries.

Due to the fact that many Britons have an ‘insatiable desire’ to own property in a sunny location, the recent global economic slump has done little to suede investors from looking abroad.

In contrast to this is the fact that many other countries are currently in a position to offer good capital growth against relatively low and reasonably priced property.

A further survey, done by ‘Multicom’ recently brought to light that many companies in the holiday sector have seen an increase in the number of bookings.

Chris Nourse (Multicom Manager) went on to say, “Consumers are not willing to give up their holidays abroad, even if they are faced with higher bills and general expenses. Holidays are being seen more and more as essential”.

It is of general consensus that many rental investments will continue receiving good rental returns, even amidst the global economic crisis.

Chris Nourse (Multicom Manager) went on to say, “Consumers are not willing to give up their holidays abroad, even if they are faced with higher bills and general expenses. Holidays are being seen more and more as essential”.

It is of general consensus that many rental investments will continue receiving good rental returns, even amidst the global economic crisis.

Property Select offers a comprehensive selection of overseas property in Egypt, news, members club and reviews of the latest property developments.