PROPERTIES IN EGYPT DUBBED “A GOOD INVESTMENT”
Tuesday, 12 Aug 2008
It is said by many that on an overall basis, properties in Egypt are an incredibly prudent investment for anyone who would like to own a house or flat in the area, and estate agents in Egypt are cashing in more and more due to the increased numbers of buyers and investors who are becoming aware of the value of Egyptian property. Anyone who is interested in or planning on investing in overseas properties would be interested to know that a spokesman for the property website Amberlamb, Andrew Williamson, says that the reason for Egyptian properties being in such high demand rests in the fact that Egypt has and continues to see a remarkably high degree of capital growth.
Williamson goes on to say that the region has many other benefits to anyone that is considering purchasing property in Egypt, including no stamp duty or any other type of property taxation, amongst other things. Williamson also states that because Egypt is one of the few regions in the entire world where one is able to buy a beachfront apartment for the low amount of more or less £30,000 and can be almost certain that within one year the capital growth will have reached at least 20 per cent, property prices in Egypt are steadily increasing.
Williams ends by saying that: “Unlike other property markets overseas, the Egyptian market was far later to take off and therefore isn’t showing any signs of dramatic correction in property prices, such as experienced in Spain.” Properties in Egypt that are available for rental are more likely than not to be booked out on a regular basis by those seeking accommodation in Egypt, either for business intentions or for leisure purposes, due to the healthy tourist trade in the region, says Buy Association.
Your Tools
Email these details to a friend
Similar News
-
Low pre launch prices obtainable on property in Hurghada
Thursday, 20 Nov 2008 -
Dusit’s first hotel in Africa
Wednesday, 19 Nov 2008 -
Egypt property has positive potential in 2009
Tuesday, 18 Nov 2008 -
IDS Softwares represented in Egypt
Thursday, 13 Nov 2008 -
Egypt’s Sharks Bay Resort, Sharm El-Sheikh a premier tourist hotspot
Wednesday, 12 Nov 2008 -
Are the standards of Egyptian buildings dangerously low, and how can you be assured of safety when p
Friday, 07 Nov 2008
Similar Properties
-
Gamsha Bay
, Gamsha Bay
Prices from € 0 -
Khamsin Beach Resort
, Hurghada
Prices from £ 18,950 -
Regency Crash Pads
, Hurghada
Prices from € 19,500 -
Regency Heights
, Hurghada
Prices from € 19,500 -
Egyptian Pearl
, Hurghada
Prices from € 22,900 -
Pearl Vista Apartments
, Hurghada
Prices from € 25,000
Need Advice?
We at Property Select offer impartial advice on buying property overseas, contact us for more information.
We offer help booking investment trips and viewings of property, contact us today.
