Overview
Egypt is probably the world's oldest civilisations, dating back to more than 3000 BC centred around the Valley of the River Nile.
Famous for hosting an ancient civilisation responsible for building the Pyramids, the Sphinx and other spectacular
monuments, Egypt is today regarded as one of the most important cultural and political nations in the Middle East.
Tourism in Egypt started before the travel boom with visitors from afar to wonder the most advanced spectacles of early
mankind. Today tourism still centres around the ancient culture but it has also diversified to capture the masses with mystic
Nile cruises, cultural music and arts, luxury 5 star resort hotels and a wide range of holiday activities, including scuba diving.
Current day Egyptian life is a stark contrast with the past, especially in Cairo, now a city with modern sky scrapers, highways,
a subway system and all the hustle and bustle that goes with it.
Egypt Real Estate Investment
Egypt has not only attracted tourism, the World Bank chose Egypt sixth in a list of the top ten countries for stable investment,
high growth rates and capital return compared to other markets. The Cairo and Alexandria Stock Exchange is rated as one of
the top ten world emerging markets.
Egypt has an emerging property market and the Government is committed to transforming the Economy with Foreign
Investment. Today’s investors are seeking the kind of stability which Egypt has to offer, the Government are forecasting
40% growth per annum in Foreign Direct Investment and the property market is in boom mode. The introduction of
mortgage facilities for foreigners is making property investment much easier now.
Investment in property not only continues in the coastal resort areas bit also in the big cities like Cairo where the rapid
growth has created a huge demand for accommodation. Some experts are predicting a 25% growth in Cairo property
prices and higher than average rental yields.
All indicators suggest that Egypt Real Estate Investment could be an advantageous choice for the serious investor.
Reasons to consider Egypt Property Investment
Investment indicators show that Egypt is becoming a leading investment location; prices still remain low despite high
demand. Major developers are gearing up to meet that demand. This is an embryonic investment opportunity.
- Egypt does not have capital gains tax or inheritance tax and property tax is low and the system is uncomplicated.
- Egypt has a stable political system positive economic growth, especially in the tourist industry which is usually
- a property hotspot indicator.
- The Government has made reforms to attract FDI (Foreign Direct investment)
- Capital growth on property is predicted at 20-30% per annum.
- Egypt Property prices are still low compared to other investor locations, property sizes are generous
- and specifications are relatively high.
- Good off-plan investment opportunities with major reputable developers.
- Mortgage availability is improving for foreign investors with Egyptian Banks.
- English and French are widely spoken, especially in business circles.
- Living costs are very reasonable.
- Good climate and great site seeing opportunities – top holiday destination.
- Good access and reasonable flight costs.
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| Property Investment in Egypt |
| Some useful information from Expedia Property (west2EAST takes no responsibility for the accuracy of the content of this guide) |
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