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| See Also: About Egypt Red Sea Coast Sahl Hasheesh Egypt News |
| Property prices are extremely competitive and the high growth rates combined with low-entry points makes it popular with investors. Another big benefit is that non-nationals pay no capital gains tax or inheritance tax in Egypt. Strong capital gains of up to 30%, mean big potential gains for investors and if prices continue to rise at that rate, it’s possible to receive a |
| return on investment of over one hundred percent within just four years. All property is freehold and the government is keen to encourage inward investment. However, there are a limited amount of Egyptian mortgages available, so it is more important than ever to obtain independent financial advice. Egypt has is undergone extensive economic reforms resulting in a rise in GDP of 7.2% in 2007. At the same time, the cost of living is very low. Economic reforms are primarily aimed at realizing an annual growth rate of not less than 6 percent on average in order to create more jobs and achieve equitable distribution of investments among different regions. The construction and building, tourism and telecom industries grew over 14% in the 2006/07 financial year; financial services and manufacturing industries were up 7% and the agricultural sector rose 3.8%, according to Egypt’s Minister of Investment. |
| Why Invest in Egypt With prices rising by up to 30% per annum and rental returns up to 10%, Egypt is an overseas property hotspot |