Why invest in Egypt
For the canny investor or second homeowner, Egypt extends a wealth of diverse advantages.
Currently, residential tourism is making the country a highly attractive proposition to a new wave of investors; and their interest isn’t just in the enviable financial return. With a rich cultural heritage and wonderful natural beauty, Egypt provides an extra dimension compared to the traditional, sun-baked resort location: a fact that isn’t lost on the modern day traveler or property investor.
Aside from being the cradle of civilization, Egypt also boasts a plethora of world-class international hotels, some of the finest windsurfing anywhere in the world, year-round golf, and the chance to scuba dive in World Heritage Site locations. Just a few of the reasons Egypt attracts over 12.8 million tourists each year – a number that is growing by 15% per year.
When you consider Egypt enjoys a low cost of living, a stable economy, property ownership with no barriers, no income or inheritance taxes for foreign buyers, and property value appreciation currently running at 20-30% each year, you begin to see what is making the country so attractive to so many. Indeed, demand for coastal properties has doubled in recent years - and with no Capital Gains Tax - now is the perfect time to invest in Egypt.