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Why Buy in Egypt?

Egypt has every recognised element of successful investment. It is a stable country, politically and economically. Just this year the government ushered in radical changes to encourage foreign investment of freehold property.

For the first time, more than $10bn of foreign direct investment flowed into the country. Dubai developers have recently trailblazed Egypt’s emerging property market. Prices have risen by 50% in the last two years alone, and are set to double in the next three years. The Egyptian Tourist Authority state over one million Britons visited in 2006, which poured a total of $7.6 billion dollars into the economy. Furthermore, their ad campaign ‘Gift of the Sun’ aims to attract 16 million visitors by 2014, which spells great news for rental potential. As for the future, Egypt and its neighbours have embarked on a ’Vision’ project to increase tourism to 150 million by 2020.

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