Why invest in Egypt?

Egypt, the queen of ancient civilization is the latest hotspot for foreign property investors. An ever-expanding tourism industry along with a favorable year round weather gives all the reasons to buy investment property in Egypt  and reap the rewards of investment in rental villas and hotels. With recent infrastructure development to accommodate more tourist influx, the opportunities for investment in Egypt are further gearing up.

Low off-plan prices guaranteeing rental yields and high returns on investment are the major reasons behind investment in Egypt. The current Egyptian government’s commitment towards economic growth has resulted in buying spree of luxury apartments and vacation rentals. Egypt has become one of the most popular year round tourist destinations for people all across Europe/UK.

Experts say that the golden days of Egyptian property are round the corner! In fact, as some experts  report – the major government sponsored expansion plans and announcement of investment friendly laws will further pave the way for foreign investment in Egypt. A new trend in investing in real Estate across the banks of the River Nile is hot these days and new luxury projects are coming up soon.

A major part of investable real estate in Egypt is located along the red sea coast. Red sea’s beautiful beaches and exclusive marine life bring profitable business opportunities for investors interested in property for holiday rentals or hotels.

The key reasons favoring investment in Egypt are:

• Low price of real estate
• Annual capital appreciation between 20%-30%
• Beautiful landscape along with the might of the Nile and the tranquility of the Red Sea
• The number tourist visiting Egypt grows every year
• Cairo International airport is completely modernized and overall transportation has facilities have been improved
• No capital gains taxable amount
• Cost of living is relatively low and so is the maintenance cost
• After Arabic, English is the second language
• Property taxes are far less than that paid in the UK
• Warm desert climate with an average temperature of 30°C in summer and 14°C in winter
• Unlike many other African nations, Egypt has political stability
• Strong economic growth coupled with inward investment options
• Presence of notable investors, hoteliers and hospitality industry’s global leaders
• Convenient air access from all major European cities including

The Egyptian economy has been exhibiting a continuous growth that further inspires foreign investment in real estate in Egypt. With the rise in tourism, the infrastructure development process has been escalated and thus, there are new opportunities for investment at various levels. In fact, investing in holiday rentals has become a trend for investors that give enviable profit figures even within a year. Real estate investors are getting benefits from the Egyptian government’s reform programs and flexible approaches towards creating investment opportunities. Tax incentives, customs reforms and privatization of various industries have created an economic condition favoring foreign investment in Egyptian real estate. Today a large number of international investment business houses are investing in Egypt; globally, Egypt is now considered as an investment destination that offers new business opportunities along with a chance to enjoy the wonderful experiences the country offers to all.

Red Sea resorts and holiday spots by the Mediterranean Sea are being considered as preferred locations for tourist and for investors it is an excellent opportunity to harvest massive returns within a few years. Safe and luxurious environment that offer a well-controlled tourism industry is a good reason ito invest in Egypt today

Summary

Incentives for property investment in Egypt go beyond the favorable climate and rich culture. The boom in the tourism industry is creating a demand for property investment in Egypt, which is cheap and attracts high rental rates. Moreover, the government’s policy to provide with business friendly conditions is also attracting global investors towards Egypt.