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THE INVESTMENT POTENTIAL OF PROPERTY IN EGYPT DISCUSSED

Monday, 21 Jul 2008

As the global community becomes more aware of the incredible investment opportunities and incentives available to investors in Egypt, interest in the investment property market in Egypt is beginning to stir up an awakening in international investors’ minds-eye.

One of the many key factors attracting international investors’ interest include ‘Egypt’s fast growing tourism sector; the fact that the government is continuing to commit to legislative initiatives designed to enhance the investment climate and the fact that property prices in Egypt remain low and affordable whilst demand for quality property for sale and short term let is increasing.’

In the coastal resort areas (on the Red and Mediterranean Sea), property investors are tasking a chance on the increasing tourist demand (for short term rental accommodation) and accordingly this market is returning the best rental yields throughout all of Egypt.

The second home resale market in these coastal resort areas is also beginning to offer to its purchasers a profit potential on the underlying capital investment made, as more international investors are seeking holiday homes or second homes in these such coastal regions.

Egypt is accessible and close at hand for European holiday makers and thus owning a holiday home in this exotic location makes absolute sense for many European travelers and tourists.

According to a popular property portal, one of the writers went on to state that: “Overall the future prospects for the property market in Egypt are positive. Egypt is a politically stable country and one currently enjoying the best relationships with many of the world’s most influential economies that it has ever enjoyed.”

As the economic climate in Egypt is open for investment and as investors are being actively encouraged by taxation breaks, low labour costs and a country that has a burgeoning middle class unlike any other country at present, investors and purchasers of property in Egypt can remain safe in the knowledge that they have a wider market to potentially profit from, at the end of the day.

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