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PROPERTY IN EGYPT AND WHY IT MAINTAINS ITS MASS APPEAL

Monday, 30 Jun 2008


As the Egypt property market increases in value and as the general investor interest is on the rise, it is important for investors and potential purchasers to bear in mind the pro’s and cons of purchasing property in and around Egypt.

Property in Egypt and why it maintains its mass appeal The more developments there are available on the market for foreign and local investors to choose form, the more discerning the property investor should be, particularly when it comes to evaluating the standard of building and the quality and reliability of construction techniques.

According to Amberlamb.com “Egypt has a number of fault lines and has suffered direct earthquakes, earth tremors and the after shocks of quakes in the region”.

This statement further proves just how important it is for a purchaser considering purchasing property in Egypt to take some time out to investigate and see which developments on offer actually guarantee and deliver on the promise of high standards - not only in design and quality of service, but in quality of construction as well.

Amberlamb.com illustrates ways in which a property investor can determine whether a development has been well constructed or whether it is of sub-standard quality. They suggest that the potential purchaser require the services of a structural engineer “who can provide you with as comprehensive a structural survey as you’re willing to pay for.”

It is suggested that should the cost of hiring a structural engineer prove to be too pricey, one should consider purchasing property that is “buy low rise away from any other high rise building but be aware that any future buyer you hope to flip forward to may well commission their own structural survey.”

Egypt is a rapidly growing economy and has numerous positive attributes, ranging from exquisite natural surroundings, serene developments offering an accumulation of all the best that Egypt has to offer, as well as authenticity unrivalled.

Keeping close tabs on the quality of construction techniques of developments on the property market is recommended, regardless of whether it is situated in Egypt or else where in the world. The important thing to remember and keep in mind when searching for the correct property to invest in is whether there is impeccable quality as well as value for money – and when it comes to Egypt, as a property investor, when you invests wisely, profits are pretty much guaranteed.

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


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