Recent changes in Egyptian legislation and taxation rules make it easier for foreigners to buy and own property in Egypt. The emergence of a resale market driven by both local and foreign property investors has provided excellent opportunities for both short and long term property investment. Where other markets such as Florida and Spain are maturing, Egypt is at an early stage in the property development cycle, and provides an opportunity for investors to enter the market early rather than paying mature prices.
The market is strongest in the major commercial centres of Cairo and Alexandria, and the government have provided special relaxed visitor visa regulations for key resorts.
It is evident that interest in the investment property market in Egypt is beginning to awaken as investors in the wider world becomes aware of the incredible opportunities and incentives available for investors in Egypt.
The key market factors attracting overseas investor interest include Egypt’s fast growing tourism sector, the fact that the government is continuing to commit to legislative initiatives designed to enhance the investment climate and the fact that property prices in Egypt remain low and affordable whilst demand for quality property for sale and short term let is increasing.
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