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PROPERTY IN EGYPT APPEALS TO THE AVID INVESTOR

Friday, 04 Jul 2008


Researches conducted by ‘Cheapflights.co.uk’ have indicated a fifty percent increase in passengers choosing Egypt as their destination choice.

Property in Egypt appeals to the avid investor The current status of the British Pound against the European Euro is also a contributing factor to the increased interest in Egypt, as European countries are becoming increasingly regarded as expensive places to visit.

In comparison, the exchange rate against Egypt is far more favourable, ensuring holiday makers and investors capitalise on their well earned money, whilst curbing on their expenditure tremendously, as they continue travelling abroad.

ollowing the recent trends, one will easily see that Egypt has ensured it remain a top tourist destination – regardless of the current economic crisis and credit crunch, experienced in the European and British cities, investors remain undeterred when it comes to property in Egypt.

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.

Chris Nourse (Multicom Manager) went on to say that “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”.

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 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.

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.

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

All in all – one is not only guaranteed safety in the knowledge that property in Egypt will only become more desirable and thus increase in property value in the years to come – but as a hub of ancient cultural knowledge and ancient art, Egypt offers its visitors and inhabitants a plethora of little mysteries to uncover…

These recent research findings clearly show that financial fluctuations and value for money is fast becoming a vital consideration for consumers to take into account when booking their trips abroad.

Egypt has remained a top destination choice for many varying reasons, apart from the fact that Egypt’s credibility as a nation, and its increasing success in the tourism market, can in large be attributed to the fiscal reforms the Egyptian government have committed themselves to, it is also a well known fact that Egypt has a wealth of culture and historical background, all inclusive in the superior experience that is Egypt.

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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