Egypt Overview
With a booming tourism industry, Egypt is welcoming a rapidly growing number of international visitors who themselves are creating a booming demand for property. More and more investors are choosing to place their money in Egypt due to the very low costs of property and the excellent appreciation rates that look set to continue over the next few years, along with the consistent predicted increase in demand.
10 Reasons Why Egypt is a Desirable Investment Location:
- Low property prices starting at around only £20k
- Steady year-on-year capital appreciation of between 20-25%
- Low cost of living and maintenance costs
- Steady annual growth in tourist figures
- Less property taxes than paid in the UK
- No capital gains tax
- British residents avoid inheritance tax on any property in Egypt
- Strong economic growth and increased investment in infrastructure are boosting the property investment market as a whole.
- Warm climate with temperatures ranging from 14°C in winter to 30°C in summer creating a year-round tourist season
- Politically stable country
