Property in Egypt

Property in Egypt
The current hotspot for overseas investors is without a
doubt Egypt.Low prices means many investors are not having
to approach cash starved banks who have made lending
harder. Seasoned investors can put a deposit down using a
credit card and pay small monthly payments on many off plan
or pre construction properties

So lets learn more about Egypt. Officially the Arab
Republic of Egypt situated in North Africa it includes the
Sinai Peninsula, Egypt borders Libya to the west, Sudan to
the south, and Israel and the Gaza Strip to the northeast;
on the north and the east are the Mediterranean Sea and the
Red Sea, respectively. Egypt increasing tourism and desire
to attract overseas property investors combined with low
prices makes it a very attractive place to buy property

Egypt Property Hotspots

Tipped for the Top Sahl Hasheesh Egypt.

A stunning s mega resort in the shape of Sahl Hasheesh,with
20 five star minimum hotels and eight golf courses.Sahl
Hasheesh is just 20 kilometers south of the Hurghada
Airport and located along a 12 kilometer-long bay of the
Red Sea. The climate here is nearly perfect year round,
with averages in the winter around 14ºC and in the
summer approaching 30ºC. There will be an Old Town
with bars, shops and restaurants at the heart of the new
development, as well as medical facilities, water sports
and a sunken city for divers and snorkeling.

The first golf courses are scheduled to open in 2008, with
the Old Town opening its first shops and clubs in mid year
as well. Several hotels are already open, including the
Pyramisa, The Oberoi and Palm Beach Piazza.

Hurghada Egypt.

Considered by many as the leading bathing resort of Egypt
this area has attracted international investors.

Red Sea Egypt.

The Red Sea Riviera is a great place to dive with a
stunning coastline and low prices for off plan property and
new homes buyers can find cheap property in Egypt

Luxor Egypt.

Luxor is an attractive place for tourists and includes the
Valley of the Kings and Karnak.Luxor is a city of some
150,000 people and is governed by special statues that
allow it more autonomy

Investment property in Egypt.

Overseas investors know that profits are made on the
purchase price and with low entry prices Egypt is set for
good capital growth. Buying off plan property in Egypt
allows investors to pay with staged payments. This means
for the price of a second hand car investors can enter a
market that has so much potential. The government is
continuing to commit to legislative initiatives designed to
enhance the investment climate demand for quality property
for sale and short term let is increasing.

Buying property in Egypt is a very attractive proposition;
it offers a whole host of advantages including:
Lots of sunshine
Inexpensive flights
Low cost of living
A unique atmosphere
Low property prices
Diving destination of the world
Increasing tourism
Government favourable to overseas buyers
Sound investment potential

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Nicholas Marr is CEO of overseas property portal at
http://www.homesgofast.com his knowledge has been gained
comes from the relationships he has numerous Egypt based
real estate agents and developers at
http://egypt.homesgofast.com/