Egypt

Overseas property and real estate in Egypt has caught the eye of overseas property & real estate investors and buyers who see the combination of cheap real estate prices and year round rentals as potentially profitable. With only a five hours flight time from the UK, Egypt has welcomed an increasing flow of millions of tourists per year to experience the distinctive hospitality of this really rather special part of the world.

Still an emerging overseas property and real estate market, the key coastal property hotspots of El Gouda, the Red Sea Riviera and Sharm el Sheik are receiving much needed infrastructure investments backed by forward thinking government policies.

Whether it’s the pyramids or the dive sites of the Red Sea that attract you there in the first place, Egypt has a unique pull that captures the imagination and leaves the visitor wanting more. Needless to say, with tourists flocking to the country for years, it was inevitable that the market for overseas property and real estate in Egypt would follow suit and now savvy investors, second-homers and retirees alike are rushing to the market.

With overseas property and real estate price growth of 20-30% predicted over the next year, it’s a win-win situation for the country and property buyers and investors alike, with the Egypt property market rising by an impressive 50% over the past two years and another 20 per cent hike predicted for the coming year, trickling down from the country’s ever-strengthening economy.

The country’s shrewd government has noted the outside interest in the emerging overseas property and real estate hotspot and have made several concessions to potential property investors and buyers in the hope of promoting direct foreign investment, such as the streamlining of purchasing procedures and a de-complicated taxation system in which foreign investors can take advantage of no capital gains or inheritance taxes making an Egypt property investment even more attractive.

Additionally, customs, income and corporate tax laws have been revised and continue to be revised in order to enhance the investment climate to minimize risk for the personal investor and increase potential gains all round.

Why Invest In Overseas Property & Real Estate In Egypt