Egypt is now becoming increasing
popular with overseas property investors
and second home buyers looking for both
fabulous homes in the sun and an
excellent return on the investment in
terms of rental income, capital growth
and enjoyment.
Let's explain...
Egypt is one of the
world's most popular tourist
destinations and for good reason, with
many of the attractions on peopleís
life-time must-see sights, like the
ancient civilizations artifacts and
monuments including of course the
Pyramids, Sphynx and Pharaohs tombs.
Egypt is a mystical
land bustling with life, sound and
visual beauty, the scope is glorious and
endless and you will be continually
entranced during your time in this
enchanting country.
When one thinks
about Egypt they automatically think of
the Pyramids, the Nile and ancient Egypt
being the big attraction. However modern
Egypt has so much more including
world-class tourist resorts that offer
relaxation, luxury and excitement
combined.
Modern Egypt has
managed to keep its deep historical
appeal and merged it seamlessly with
lively bustling cities and up-to-date
world-class facilities and resorts
especially along the Red Sea coast.
The Red Sea coast
offers world renowned scuba diving,
sailing, deep sea fishing, wind surfing
and other water sports as well as the
superb beaches and of course year-round
beautiful sunny weather.
Nowadays millions of
people flock to the Red Sea every year
including both tourists and holiday
makers alike looking for sun, beautiful
white sandy beaches and warm clear
waters to discover and explore.
Once people
experience the exotic and unique
delights that Egypt has to offer many
return again and again and because of
the current low property prices an
increasing number of people are deciding
that a holiday is simply not enough and
end up purchasing a second home either
for short breaks, long vacations or as a
retirement home.
Egypt is now
attracting many overseas property
investors for a multitude of reasons.
Short flight times
of 3 - 5 hours from European countries,
the many unique attractions, year round
sunshine and a thriving tourist industry
(currently around 9 million a year) is
having a dramatic effect on Egyptís
property investment market.
The Tourism industry
has no sign of slowing down; the target
figure for foreign visitors by 2014 is
approx 16 million tourists, a figure
which impressively demonstrates the
future demand for property in Egypt.
It is also an
attractive indicator for the potential
appreciation in the value of properties
in high-class locations like Hurghada on
the Red Sea and even more so for quality
builds like the Al Dora Residence.
In summary due to a
number of very positive factors
including both economic and tourism
growth, and with first-class residential
developments such as Al Dora Residence
offering exceptional luxury and value,
then dare we say...
It has never
been a better time to invest in Egypt
properties
With property values
rising buy 50% over the last couple of
years and predicted to increase by
20-30% over the next year as well as the
booming tourist market and the tax
breaks and incentives for foreign
buyers, it is an excellent time to
invest in Egypt property and we
confidently predict that those who do
purchase property are onto a winning
situation!