egypt investment information

Why Invest in Egypt?

Egypt is a promising emerging market for overseas property purchase. In the last couple of years the demand for apartments and villas both on and off of resort complexes has soared.

As a result property prices have risen dramatically in the last 3 years as have land prices – by as much as 60 per cent in some areas. Prices are expected to continue to grow at a sustainable rate for the foreseeable future.

Egypt today offers a solid economic climate in which to invest. With forward thinking government policies and a solid infrastructure, Egypt is now coming to the fore on the international property scene.

The government regards foreign investors as a big investment opportunity and laws have recently streamlined procedures, making the process to purchase a property much easier.

Egypt is only 5 hours flying time from the UK, and with easy air access from West and Eastern European destinations, Egypt is a popular medium haul holiday location.

Beautiful warm, dry weather 365 days a year this provides the potential for tourism throughout the year. The number of tourists in Egypt almost doubled between 2001/02 to 2005/06 and Egypt’s prominence in the tourist market is set to continue with an estimated 16 million visitors by 2014.

One of the biggest draws to the coastal regions is the beautiful coral reef, which provides some of the best diving sites in the world. There are also many facilities enjoyed by visitors such as: kite surfing, deep sea fishing, windsurfing, swimming with dolphins, sailing, golf, Jeep Adventures, & boat trips on the Red Sea. Egypt is a destination where there is something for everyone.

In recent times there has been a move to upgrade existing holiday accommodation together with the creation of new 5 Star hotel and resort complexes to attract increasing numbers of visitors.

Political and economic stability make Egypt an exciting country to work and live in. Economic growth was GDP 4.5% in 2005. Added to that the cost of living in Egypt is around 20% of the UK rates

Egypt is a fascinating country with over 7000 years of civilisation. The country offers, not only historic monuments, but also amazing landscapes, beautiful beaches, and friendly hospitable people.

Egypt currently offers a low cost investment with the prospect of high returns. Investors are likely to gain substantial profits in an emerging market with an increasing demand over and above supply.

Buying Property in Egypt

With the Egyptian government actively promoting the buying of property in Egypt, even changing some of its residential tourism laws to make it easier for foreigners to buy property there, it is unlikely that Egypt will remain a relatively unknown destination for too much longer.

Many of the earlier restrictive laws have either been amended or removed as Egypt continues to invest in the future, and ensure a constant flow of overseas investment.

There is now no local capital gains tax, stamp duty or inheritance tax, and lower income taxes than in many other countries means that the country is now attracting more foreign purchasers than ever before

The Egyptian real estate sector has recently experienced a substantial growth, partially stimulated by relatively strong demand from expatriates and foreign nationals to purchase properties in Egypt.

Egypt Tourism Information

According to Egypt's Tourism Authority, over one million UK holidaymakers visited Egypt in 2006, representing a 25% increase on the previous year.

The country, which is on course to welcome 16 million visitors from around the world by 2014, has benefited from one of the fastest growing property prices in the world.

Location

Egypt sits on the Mediterranean coast of North Africa, with Libya to the west, Sudan to the south and Israel and the Red Sea to the East. Egypt forms the only land bridge between Africa and the remainder of the Eastern Hemisphere and controls the Suez Canal.

Languages spoken in Egypt

Egyptian Arabic, although English is widely used in major cities

Religions of Egypt

Mostly Muslim

Egypt Climate

Throughout Egypt, days are commonly warm or hot, and nights are cool. Egypt has only two seasons: a mild winter from November to April and a hot summer from May to October. The only differences between the seasons are variations in daytime temperatures and changes in prevailing winds. In the coastal regions, temperatures range between an average minimum of 14° C in winter and an average maximum of 30° C in summer.

Getting to Egypt

Easy access via direct flights from many international airports. At only 5 hours journey time from the UK, Egypt is the number one medium-haul tourist destination from Europe.

Egypt Currency

Egyptian Pound

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