Posted by Kaylen | Posted in Real Estate | Posted on 18-06-2009
There are a lot of good facets of the real estate sector in Egypt that make the entire sector a thrilling place to be now that anyone who is serious about venturing into a nascent overseas real estate market must be focused on Egypt for at least the medium term.
First things first let’s get rid of the confusion – Egypt isn’t a nation harassed by acts of terrorism, drought, or famine – it is a stunningly beautiful, ancient and fascinating country with a coastline that is touched and caressed by both the Mediterranean and Red seas. It is likewise one of the most breathtaking and quaint nations in closest proximity to Europe, presenting real estate investors a massive potential tourist audience to aim for; it’s likewise a country that could genuinely boast all year sunshine on its Red Sea Riviera, which means it provides investors year round potential for profit.
If these aren’t good enough reasons for a real estate investor in order become interested in Egypt, how about the fact that Dubai based mega real estate property developers Emaar have just dedicated millions of dollars to the Egyptian residential real estate marketplace in Cairo? Or how about the fact that the Egyptian government has reduced property related taxation fees in order to make the entire process of holding realty in Egypt that much more affordable for more people?
You can add to this the fact that inward foreign direct investment into Egypt is at an all time high, the nation is getting more annual tourist intake than before and the country is basking in its best relationships with Western regimes in documented history if you prefer.
Furthermore, the amount of investment and economic assurance in Egypt is opening up a prosperous and rising middle class sector who are keen to afford properties for sale and rent in Alexandria and Cairo in particular, and this gives a real estate property investor a local resale market to target in the medium term, which encourages the long term prospect of an investment made into the real property sector, which is currently dominated by tourism.
It’s a fact the highest renting incomes attainable for a real property investor in Egypt presently are from tourist friendly real estates along the Red Sea and Mediterranean coastlines – properties that are well located and facilitated are most in demand from the tourism market looking for short term leases. But there’s also a growing retirement marketplace in Egypt that’s drawing in good attention and offering real estate property investors another prospective income stream to look into.
Egypt really is the place to be for real estate investors looking for immediate revenue and medium to long term capital growth and resale potential – and because the property buying process for foreigners in Egypt has become more affordable and more transparent in recent years, the numbers of investors examining the market and exploring its possibilities is set to go up.
