Egypt

Real estate investment still remains the most secure and profitable investment, compared to stocks and bonds. It is a fact that that property in the Red Sea has a very interesting return on capital. Some sources state, and we are witness to the fact, that after 2 years on certain residential resorts there has been an increase in value equal to 50%. Lets not forget that the fiscal laws in Egypt are paradise compared to Europe. A factor that is not to be underestimated and which is pushing more and more foreigners to purchase not only as a second or holiday home but as pure investment as well.

In Egypt there is no capital gains tax and no vat or property tax.
There has also been a large increase in the demand for long term rentals which guarantee a stable annual income.

Prices of property in Sharm El Sheikh are notably lower than in Europe, with constant annual growth thanks to the investment boom on the Red Sea. Some of the more important financial newspapers have published some very interesting articles on the matter. One only needs to visit Sharm to realize the potential for themselves.

Six good reasons for investing in Sharm El Sheikh:

• Warm climate and 365 days of sunshine a year
• Beatiful beaches and an incredible sea
• Only a 4 to 5 hour flight from the UK
• A secure and constant income and great annual capital appreciation on your investment
• A cheaper cost of living compared to Europe and an extremely advantageous exchange rate
• Purchasing costs are inferior to 2% and, as already mentioned, there is no capital gains tax

Egypt continues to be a country for investments, especially in tourism. Foreign investments reached a staggering 6.1 billion dollars ( US ) in the year 2005/20006 , but that figure will be surpassed and reach 8 billion dollars ( US ) by the end of June 2007. The Ministry of Tourisms objective is to go from 9.1 million visitors in 2006 to 16 million by the year 2014.

The incredible climate, the desert and an incredible sea and marine life are just some of the reasons our clients have chosen Hurgada and Sharm El Sheihk as the location of their second home or investment property.

Examples of the cheaper cost of living include;

• A fillet steak costs about 4 pound sterling per Kilogram.
• A cleaning lady for an hour costs about Ј1.25 sterling,.
• Petrol costs about 13 pence per litre.
• Fruit and vegetables cost about 1/10th of the cost in Europe.
• Annual maintenance charges for your property are about 1/5th of the cost in Europe.

We could give many examples but we prefer to leave you the pleasure of discovering the other benefits for yoursel!!

Our partners in Egypt are approved by the AIPP (Association of International Property Professionals).

The AIPP exists for 1 reason which is to improve standards of professionalism in the International property market.

When a customer sees the AIPP logo it proves that the organisation has been vetted & approved & are bound by the industry code of conduct.