Here are some reasons why buying a property in Egypt is a good overseas investment.
- Low property prices starting at around only £30k/$50k
- Because of the revolution in Egypt, property purchase is an excellent investment.
- Steady year-on-year capital appreciation of between 10-20%
- Beautiful, well established tourist hotspots suitable for varied tourist interests, from excellent diving and snorkeling to cultural and historical locations
- Stunning natural, unspoilt landscapes
- Steady annual growth in tourist figures
- Less property taxes than paid in the UK
- No capital gains tax
- British residents avoid inheritance tax on any property in Egypt
- Foreign investors are regarded by the government as a big investment opportunity and laws have recently streamlined procedures, making the purchase procedure easy.
- Strong economic growth and increased investment in infrastructure are boosting the property investment market as a whole.
- Warm desert climate with temperatures ranging from 14°C in winter to 30°C in summer creating a year-round tourist season
- Politically stable country
- Increased inward investment, creating a rich investment climate.
- Well renowned developers are creating luxury resorts to cater for Egypt’s new influx of international tourists
- Easy air access from many European destinations makes Egypt an ever popular medium haul holiday location
- Low cost of living and maintenance costs
- English is widely spoken, after Arabic
