Many of today’s worldwide investors are focusing on property in Egypt because it offers excellent early investment opportunities whilst boasting a healthy and growing economy.
Egypt sits on the brink of a property boom, while property prices in the past few years have already increased by a staggering 20-30% per annum in many locations.
Investment property in Egypt focuses mainly on the coastal hotspots of the Mediterranean and Red Sea as well as on some purpose built residential enclaves around major cities such as Cairo and Alexandria. The Red Sea is experiencing an exciting new wave of construction that is set to satisfy Egypt’s growing tourist economy. At a mere 5 hour flight from the UK, Egypt is a top medium haul destination and, due to a solid transport infrastructure and good amenities, it continues to attract tourists in their droves. They come to enjoy a rich variety of cultural activities as well as fantastic beaches, water sports and desert safaris.
Since 2005, Degree number 548 facilitated the purchase process for non-Egyptians wishing to invest in the tourist sector and an uncomplicated tax system with many tax exemptions are further incentives for foreign investors in Egypt.