Thread: Why British invest in Egypt Real Estate?

� Low property prices starting at around only �30k
� Steady year-on-year capital appreciation of between 20-30%
� Beautiful, well established tourist hot-spots suitable for varied tourist interests, from excellent diving and snorkeling to cultural and historical locations
� Stunning natural, un-spoilt landscapes
� Steady annual growth in tourist figures
� Less property taxes than paid in the UK
� No capital gains tax
� British residents avoid inheritance tax on any property in Egypt
� Foreign investors are regarded by the government as a big investment opportunity and laws have recently streamlined procedures, making the purchase procedure easy.
� Strong economic growth and increased investment in infrastructure are boosting the property investment market as a whole.
� Warm desert climate with temperatures ranging from 14�C in winter to 30�C in summer creating a year-round tourist season
� Politically stable country
� Increased inward investment, creating a rich investment climate.
� Well renowned developers are creating luxury resorts to cater for Egypt�s new influx of international tourists
� Easy air access from many European destinations makes Egypt an ever popular medium haul holiday location
� Cairo International airport is being modernized and a new terminal is to be built by early 2007
� Low cost of living and maintenance costs
� English is widely spoken, after Arabic