Reasons to invest in Egypt

14/11/2010

 

Reasons to Invest in Egypt
At Emerging Real Estate, we have a number of different investment opportunities in Egypt and we are finding that more and more people are expressing an interest in purchasing real estate in the country. But why is Egypt becoming more and more popular with savvy investors?
Egypt has always been an exotic destination for many Europeans with its ancient culture, incredible architecture and picturesque coastlines. Millions of tourists arrive each year looking to explore the Pyramids and the ancient sites of the Nile Valley before moving on to the Red Sea and resorts such as Sharm-el-Sheikh. Red Sea resorts attract holiday makers all year round with its dry, warm climate and with Egypt being as close to the Euro zone without actually being in it, the benefits should be obvious if you are looking to make money from rental income.
Egypt, and particularly Sharm-el-Sheikh, is now well served by several airlines, both charter and scheduled allowing thousands of tourists to pour in every day. And its these properties along the Red Sea coastline that have the highest rental income simply because of the year round tourist industry. The country is extremely stable politically and foreign investors benefit from the absence of property taxes enabling the investors to receive maximum gains from any real estate investment. Demand currently far outstrips supply and with more and more tourists arriving each year, we see no reason for this to change. The Red Sea region around Sharm has annual capital growth of around 20% and with all of our properties situated here in superb locations we fully expect demand to keep rising.
Why Invest in Egypt?
·         Maximum gain potential
·         No capital gains tax
·         No Vat
·         No stamp duty
·         No restrictions on foreign ownership
·         Strong rental returns
·         Demand exceeds supply
We currently have 5 developments available in Egypt and for more information, then please see our website or contact us directly.

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