Property Investor information: Egypt
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Property Investor information for: Egypt
Ancient Egypt is familiar to us all; from history lessons to Hollywood, we have all seen numerous depictions of this ancient civilisation. This exposure has opened the world's eyes to the appeal of visiting a nation of such enormous historic and cultural heritage. The magnets that pull in the hordes of tourists to Egypt every year are quite obvious to the eye; the hustle and bustle of Cairo and Alexandra, the Pyramids, the sleepy motion of the Nile and the clear blue waters of the Red Sea coast.
Situated at the north-eastern corner of Africa, Egypt is bordered on the north by the Mediterranean Sea, in the east by Israel and the Red Sea, in the South by Sudan, and to the west by Libya. Whilst much of Egypt is attractive to the visitor, property investors tend to focus on the resorts of the Red Sea with some great investment property hotspot opportunities existing in the major urban and tourist centres as well.
Considering the attractions Egypt has to offer, investment property prices are still low with some good quality apartments available on the coast for less than �40,000. The tourist industry is growing and Egypt's relatively close ties with the west are having a positive impact upon the economy. Apart from the obvious appeal of owning investment property in this exotic country, there are many indicators that suggest that it may not be a bad financial move either.
Although Egypt is a relatively new market for overseas property investment, we believe Egypt is one of the few property hotspot gems left in the worlds emerging investment property markets. With more exclusive resorts and developments in the planning stages Egypt investment property prices are set to rise dramatically.