Investment & real estate market in Egypt
Egypt has been for along period a popular travel destination.
But today, due to encouraging economic trends, the property market in Egypt is becoming more popular as a location amongst worldwide purchasers, and recent years have seen
A big growth in the real estate market in Egypt.
Real estate investment in Egypt, as in many other markets, depending on the success of Egypt to increase the tourism industry.
Now, there are a lot of new opportunities in the real estate market in Egypt which attract overseas investors who looking for secure investment with good growth potential at cheap prices, due to the nonstop increasing of tourists' numbers in Egypt during the last years.
Due to recent reforms to streamline purchasing procedures in Egypt, the country now attracts more overseas property purchasers than ever before.
This can also be put down to its relatively simple purchase system with lower taxes than in many other countries and
No capital gains or inheritance tax.
Reasons why you should start your real estate investment in Egypt?
The answer of your question you will find it in the following points:
- Low property prices
- Year-on-year capital appreciation of between 20 - 30%.
- Stunning natural and un spoilt landscape
- Steady annual growth in tourist figures
- Less property tax than paid in most European countries
- No capital gains tax
- No inheritance tax on any Egyptian properties
- Warm desert climate with temperatures ranging from 14°C in winter to 40°C in summer
- Year-round tourist season
- Politically stable country
- Strong economic growth and inward investment creating
A rich investment climate
- Easy air access from many European destinations
- Relatively low cost of living and maintenance costs
- English and German is widely spoken, after Arabic
