Egypt is one of the hottest emerging tourist spots in the world which is why property investment in the country is popular in the recent times and also will be for the years to come. Egypt has a growing economy in spite of the downward pattern of worldwide economic markets. There are major developments in terms of infrastructure for the benefit of the tourism sector. The investment climate in Egypt is very promising even boasting of 20+% capital returns per year in many of its prime areas like Hurghada and Sharm-el-Sheikh. There have been recent government reforms facilitating the purchase of properties in Egypt by residents and overseas buyers alike. The attention of the world for property investment is now focusing on Egypt property as one of the prime investment locations worldwide.
The warm desert climate of Egypt is perfect for any discerning tourists out there and is why tourism is on its boom in the country. Egypt has all year-round sunshine with an average temperature raging between 14 degrees in coolest place to 40+ degrees Celsius in hotter seasons.
The beauty of the country is vast and beyond comparison with the stunning white beaches, crystal waters of the Red Sea, coral reefs alive with various fishes in contrast with the desert landscape. Tourist detonations like Shrm el Sheik and Hurghada have made their mark on the world tourism stage. These beautiful coastal towns offer various recreational activities are also available for every age. And don’t forget the historical towns like Cairo and Luxor and others. The culture of Egypt dates back to as long as five thousand + years. The people of the country are very friendly in nature plus many of them speak great English. In terms of accessibility, Egypt can be reached via direct flights from various international airports all across the world. In just five hours from mainland Europe, the country is considered as the number one medium haul tourist destination of the region.
When investing in Egypt property, one of the essential factors to consider is the economic state of the location, especially in terms of investment properties. The property price returns in the prime areas of the country are as high as 20+% per year in the previous years. Even with the developments outlined for Egypt, the cost of living still remains relatively low and the prices of the properties are still very affordable. The government sees the opportunity for foreign investments to come into Egypt in the coming years and is why they are giving property investors additional incentives. They are also working on easier investment process to attract even more business to the country.
A tip to various investors out there is to catch the Egypt property market before it is too late.