Why Invest In Egypt Property?

The prospect of growth in developing markets means that property investors are becoming more adventurous in their choice of location, an investment firm has said.

Investors becoming more Hetal Shah, director of Investors Provident, says that traditional markets still provide a strong draw because of their guaranteed returns and reliability - but double-digit growth in countries such as Brazil, Morocco and Egypt means investors are increasingly setting their sights on more exotic locations.

"I think with the established markets, it's never going to really die down. Even with the recent scare in the Spanish property market, I don't think it's really died down to that degree," Mr Shah commented.

"Even in tried and tested markets, I don't think you can go wrong … You've got the security, you've got guaranteed capital growth; although it's going to be slow. It's not going to be as high as what you’d find in somewhere like … India, or Brazil, Morocco, Egypt.

"We're finding that Morocco, Egypt and Brazil seem to be the highlights of the day at the moment … People are being quite adventurous in that respect. And capital growth is really, really good in these locations. You're looking at anywhere between ten, fifteen per cent a year," he added.

The possibility of snapping up a bargain property is drawing many foreign investors to Egypt, an expert has stated.

Egypt Paul Collins, spokesperson for the BuyAssociation website, stated that the country was very popular because of the relative affordability of high-quality houses.
Commenting on the Egyptian market, he said: "Property is very, very cheap in comparison with other places where you have similar facilities and similar climates."

He added that the country's weather was also a strong draw for overseas investors, as they were "virtually guaranteed" to get hot and sunny conditions when visiting.
In addition, he said Egypt had a number of attractions that made it popular with holidaymakers, opening up the possibility of letting a property out to tourists.

Mr Collins cited the diving that takes place in the reef near Sharm El Sheikh as an example, along with the new golf courses in the region.
Meanwhile, tourists in Egypt are currently enjoying the opportunity to view the face of the country's former ruler King Tutankhamun.

The mummified pharaoh has been placed on public display for the first time, exactly 85 years after it was first discovered.

Warm countries such as Egypt are proving to be highly popular tourist destinations this winter, experts have revealed.
Britons seek sunnier climes this Christmas According to TravelRepublic.co.uk, many Britons are choosing to leave the country over the Christmas period in order to enjoy high temperatures overseas.

The firm said that the number of people going abroad for a two-week holiday during the festive season was 238 per cent higher than at the same time last year.

Egypt was said to be one of the most popular locations among British leisure travellers, along with Spain and Portugal.
Speaking to the Northumberland Gazette, Mr Sanders commented: "More and more people are choosing to go away for Christmas and the New Year, whether it be to join friends and family or simply to catch some winter sun."

This comes after the Buy Association website praised the quality and affordability of Egyptian property.

This will be good news for owners of tourist accommodation in major tourist resorts, as they will be likely to see an increase in rental yields as a result.

The research follows a similar study by Co-operative Travel carried out last month.

Analysts at the firm predicted that more than three million Britons would spend the festive period overseas - 11 per cent more than during last year's Christmas season.

Author: Simona Coates





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Property in Egypt

The current hotspot for overseas investors is without a doubt Egypt.Low prices means many investors are not having to approach cash starved banks who have made lending harder. Seasoned investors can put a deposit down using a credit card and pay small monthly payments on many off plan or pre construction properties
So lets learn more about Egypt. Officially the Arab Republic of Egypt situated in North Africa it includes the Sinai Peninsula, Egypt borders Libya to the west, Sudan to the south, and Israel and the Gaza Strip to the northeast; on the north and the east are the Mediterranean Sea and the Red Sea, respectively. Egypt increasing tourism and desire to attract overseas property investors combined with low prices makes it a very attractive place to buy property

Egypt Property Hotspots

Tipped for the Top Sahl Hasheesh Egypt.

A stunning s mega resort in the shape of Sahl Hasheesh,with 20 five star minimum hotels and eight golf courses.Sahl Hasheesh is just 20 kilometers south of the Hurghada Airport and located along a 12 kilometer-long bay of the Red Sea. The climate here is nearly perfect year round, with averages in the winter around 14ºC and in the summer approaching 30ºC. There will be an Old Town with bars, shops and restaurants at the heart of the new development, as well as medical facilities, water sports and a sunken city for divers and snorkeling.

The first golf courses are scheduled to open in 2008, with the Old Town opening its first shops and clubs in mid year as well. Several hotels are already open, including the Pyramisa, The Oberoi and Palm Beach Piazza.

Hurghada Egypt.

Considered by many as the leading bathing resort of Egypt this area has attracted international investors.

Red Sea Egypt.

The Red Sea Riviera is a great place to dive with a stunning coastline and low prices for off plan property and new homes buyers can find cheap property in Egypt

Luxor Egypt.

Luxor is an attractive place for tourists and includes the Valley of the Kings and Karnak.Luxor is a city of some 150,000 people and is governed by special statues that allow it more autonomy

Investment property in Egypt.

Overseas investors know that profits are made on the purchase price and with low entry prices Egypt is set for good capital growth. Buying off plan property in Egypt allows investors to pay with staged payments. This means for the price of a second hand car investors can enter a market that has so much potential. The government is continuing to commit to legislative initiatives designed to enhance the investment climate demand for quality property for sale and short term let is increasing.

Buying property in Egypt is a very attractive proposition; it offers a whole host of advantages including: Lots of sunshine Inexpensive flights Low cost of living A unique atmosphere Low property prices Diving destination of the world Increasing tourism Government favourable to overseas buyers Sound investment potential


by Nicholas Marr
About the Author
Nicholas Marr is CEO of overseas property portal at http://www.homesgofast.com his knowledge has been gained comes from the relationships he has numerous Egypt based real estate agents and developers at http://egypt.homesgofast.com/


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