Egyptian real estate sector stands strong to world crisis, here are some reasons why the sector still strong:
- As a result of the large gap between supply and demand; real estate sector in Egypt continues to perform well.
- Indicators show stability of property in Egypt; increasing of population is one of the main factors that led to this stability
- Egyptian attitude prefers to buy into stable and fixed assets such as property during hard times.
- Egypt's real estate sector offers several investment advantages, such as the absence of capital gains and inheritance tax, affordable cost of living, a thriving tourist industry, a warm dessert climate which attracts year round rental opportunities, and close proximity to major European destinations.
- The rapid expansion of Egypt's banking sector has helped supporting current local property sector conditions.
- There are so many positive aspects of the property market in Egypt that make the entire sector an exciting place to be right now that anyone serious about venturing into an emerging overseas real estate market should be focused on Egypt for at least the medium term.
- Egypt's premier location with a coastline that is brushed and caressed by both the Mediterranean and Red seas. It is also one of the most exciting and exotic countries in closest proximity to Europe giving investors a massive potential tourist audience to target; it is also a country that can genuinely boast year round sunshine on its Red Sea Riviera which means it offers investors year round potential for profit.
- Egypt really is the place to be for real estate investors looking for immediate income 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 very recent years, the numbers of investors examining the market and exploring its possibilities is set to rise and rise |