For most people interested in property for sale abroad it is either the attraction of achieving high financial returns as an investor or those looking for a great second home to relax and enjoy the good weather and or get active exploring and enjoying a range of leisure activities. This is especially true for people interested in Egypt property and real estate investments.
Below are the top reasons why people are buying property in Egypt
Capital Growth: Some properties in the main resorts in Egypt have increased in value by 20% – 30% year on year.
Government Incentives: The government in Egypt are actively encouraging overseas property investors and have the following incentives.
No stamp duty
No capital gains tax
No inheritance tax
No stamp duty
No government tax
Less property tax than the UK
Low Cost of Living: The price of everyday consumer goods and food is a lot cheaper than that of the UK and you will also find a very good range of shops.
Low Cost of Property: In Egypt the price of real estate and holiday properties is a lot less than other destinations and especially the UK as you can currently purchase a nice two bedroom apartment for under �50K.
Wide Choice of Property: A good range of luxury properties are being built at very affordable prices meaning you can afford a luxury Egypt property for a lot less than you might think.
Favourite Holiday Destination: Egypt is a very a well known holiday destination for the many historical monuments like the Pyramid of Giza or the famous the Nile river as well as lots of other historic buildings and attractions like the pharaoh’s tombs for example. Nowadays Egypt is also extremely popular with beach holiday lovers and water sports enthusiasts and scuba divers as the Red Sea is home to some amazingly beautiful scuba diving locations.
Fantastic Climate: he weather in Egypt is sunny for most of the year with average temperatures of 14�C in winter to 30�C in summer creating a year-round tourist season.
Beautiful Coastline: with miles of un-spoilt sandy beaches including the Red Sea coral reefs which make for some of the best diving spots in the world which attracts beginners and experts alike.
Strong Tourist Market: The number of international tourist nights is growing even more rapidly and not only the number of tourists is increasing but they are also staying for longer times. tourist destination in the Middle East and the Eastern Mediterranean according to the number of arrivals and tourist nights. International tourist arrivals increased substantially over the past few years reaching about 10 million in 2007.
Good Rental Potential: Egypt being a popular holiday destination with a good and growth tourist market as well as the fact that is sunny all year round makes for great rental potential for the right kind of Egypt property in the popular resorts and destinations especially on the coastline of the Red Sea.
Growing Domestic Market: Egypt’s middle-class population is increasing constantly meaning that these more affluent Egyptians have increasing consumer purchasing power and will therefore be looking for quality accommodation to rent or purchase. This trend will continue to increase the value of property in Egypt up and is therefore having a very good effect at driving the investment property industry.
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