Egypt Property Developers - Luxury Property from Resorts to Gated Communities
A land truly bustling with life, beauty and excitement. Visiting Egypt would be the dream of a lifetime. Property for sale in Egypt is fast becoming a haven for investors and private buyers alike - this is a market to consider.
Egypt remains as top spot for real estate investing in Middle East and North Africa following on from Saudi in terms of investor confidence, according to a survey of investors in the region, revealed Blair Hagkull, MENA chairman of Jones Lang LaSalle.
The country’s performance in the sector is a reflection of a surge in activity with Middle Eastern investors doubling their investments in the first half of 2010 over the previous year, making them, once again, the second largest inter-regional buyers.
A further incentive for many investors to look at Egypt is the affordability of residential space. Ismail argued that Jordan offers double Egypt’s price and Dubai offers four to five times as much.
Best known for pyramids, pharaohs and the Nile River, Egypt serves as a vital gateway between Europe and Asia. About two-thirds of Europe’s oil passes through the Suez Canal. Egypt has a population of 75 million which is growing fast.
From 2006 to 2008, the Egyptian economy grew by a spectacular 7% annually. The economy slowed, with real GDP growth rate of 4.7% in 2009, amid the global crisis. In 2010, real GDP growth rate was projected to be 5%, based on latest figures from the IMF.
Key factors to Buying Property for Sale in Egypt include:
 Egypt’s fast growing and always popoular tourism sector
Property prices in Egypt relatively low in terms of value for money
Major interest centred upon the Red Sea resort areas of Egypt and the major cities like Cairo
Second home resale market in the resort areas of huge international and local interest
Nearness to European and other Middle Eastern countries
Good relations with leading world powers
Investors are encouraged by taxation breaks
Low labour costs
Growing middle class and population boom |
