Egypt - a country with a promising emerging market real estate, which makes it attractive to potential foreign buyers and investors
No country in the world can boast so many benefits that exist in Egypt: 7000 years of history, wonderful scenery, beautiful beaches, year-round sunny weather and hospitable locals.
Egypt is one of the most popular places in the world designed for scuba diving, where there is a pristine coral reefs.
According to the analytical forecasts of the international realtor company ERA, providing services to the real estate market in the Middle East, is expected to 20% annual capital growth in the Egyptian real estate market in the next three years.
Egypt's legislation is quite liberal for foreign investment in real estate. In particular, Egypt is a very good tax regime does not include payments of taxes on income and inheritance.
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Photo: travel-to-egypt.net
Egypt is attractive not only for its historical heritage, but also loyal to the law for foreign investors
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Russia buyers to purchase property in Egypt need only to have a valid passport.
Property Egypt contains an excellent rental potential - 52 weeks per year.
Demand for rental apartments in Egypt is quite high, resulting in a possible cover the costs of the apartment, and even stay in the win. With the right approach and preparation of a successful business plan can recoup costs for housing purchase in just a few years. To do this, put a little more money and buy homes in the resort area with high traffic and to consult with the consultants, who specialize in the local real estate market.
In Egypt, accompanied the political and economic reforms aimed at attracting foreign investment in the economy.
Buying property in Egypt is timely and wise monetary investment. Many of the apartments and studios are available in less than 25 000 euros and have low operating costs. If this is combined with year-round opportunities royalties, we can expect a good return on invested funds.
Let us analyze the reasons for Russia's consumers are investing in the Egyptian industry:
1) Low price compared with Russia's real estate assets. The cost of one square meter of housing in a major city of this country does not exceed $ 1000. For example, you can buy a villa a great size on the Red Sea at a price that does not exceed the cost of an average Moscow apartment.
2) Favorable conditions for the construction of commercial real estate. Builders economically advantageous to build a complex in Egypt than anywhere else in the Moscow region, thanks to tourism development in this country. A recent holidaymakers Russian tourists becomes more.
3) The investment attractiveness. The tendency of the construction of residential complexes in Egypt, meet the highest European standards, is growing every year. According to the experience of many European countries with the growth in consumer demand, real estate prices always rise, as a result, buying property in Egypt today could be a good investment, which in a few years be multiplied several times.
According to the date of www.gdioverseas.com Specializing in the sale of the Egyptian real estate, price per square meter in Egypt for residential real estate starts at $ 500 per square meter. Luxury Property, which consists of cottages and villas with European standards, located in the resort areas of the country reaches a value of 2.000-4.000 dollars per square meter - the cost is very high in the local real estate market.
As in most countries, you can find properties at a higher or at least low cost, but as a rule, these objects do not seem interesting for foreign investors, and not even put up for auction.
An example of such an object could be a small house, situated in a small Egyptian village, the sale price does not exceed 10,000 dollars. An example of the most expensive real estate can be a luxury mansion in the cities of Alexandria or Sharjah, whose value may exceed 3,000,000 dollars. An estimated average cost levels, the end user can buy an apartment in Egypt at a price of 40.000 to 150.000 dollars, holiday villas - from 35.000 to 200.000 U.S. dollars.
Sometimes you can hear the unflattering reviews of Egypt, primarily from Russian tourists. There are opinions that there is very hot in summer and warm in winter only during the day and at night, unbearably cold. Some complain about the low level of service and maintenance of houses. Another did not like the cultural characteristics of local residents, with their excessive sociability and persistence.
But if we consider Egypt in terms of investment and growth in the local real estate market, a favorable tax regime, a stable political and economic situation in a country that is constantly being improved in the direction favored by foreign investors and businesses, all the above-mentioned negative arguments are irrelevant.
Source: Zagranhouse.ru
