Friday, July 18, 2008

Overseas Property for Sale â€" Egypt has it all

Author: Vincent Shaw
Article:
If you’re looking for an overseas property for sale, Egypt is
the country of choice for investors, as investors are benefiting
from high returns from both rental yield and capital growth.
Property Investments
In recent years Egypt has started to attract an increasing
numbers of visitors and property buyers alike. Apart from the
resorts, the majority of property investments are taking place
in the major cities, such as Cairo and Alexandria, and the major
cities are currently attracting as much as 25% annual capital
growth.
When you’re looking for property for sale, Egypt offers old
properties, new builds, and off-plans. When buying off-plans
(buildings not yet built, and the sale is based on the plans of
the building) you get the opportunity to reserve your property
at around 30% below market value. The reason properties are
offered at a reduced price is to attract individuals who are in
no hurry to take occupation, but realise the significant savings
of early purchasing. Buyâ€"toâ€"let investors can hope to
achieve good rental yields from a wellâ€"located property as the
climate in Egypt supports a yearâ€"round tourism industry. If
you’re a looking for a commercial
href="
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shopping mall developers, as the total number of malls in the
country is relatively low for a population of 72 million.

Tourism
Egypt is a vast and wonderful country and is synonymous with
pyramids, Pharaohs, and temples. Egypt is an unmissable
destination and it remains one of the world’s most fascinating
travel experiences. Throughout history it has attracted many
famous travellers, archaeologists, treasure hunters and, more
recently, sightseers wishing to see the famous sites of ancient
Thebes, Aswan and Cairo. Egypt is also a hotspot for divers as
the water is warm, there are beautiful coral reefs that are home
to an abundance of colourful sea life, and there are several
ship wrecks to discover.
Remember that Egypt is a conservative society, and visitors
should respect local customs and sensitivities, and dress
modestly. For women especially, the wearing of long skirts or
loose fitting trousers, and shoulders covered, discourages
physical and verbal attention.

Geography
Egypt is bordered to the north by the Mediterranean, to the
south by Sudan, to the west by Libya, and to the east by the Red
Sea and Israel. Egypt is in the arid desert belt and it is very
hot in the summertime and cool at night. In the wintertime it is
warm during the day but cold at night. Most of the country is
covered by desert, except in the valley of the Nile River where
95% of the population lives.

Conclusion
Egypt is growing both in the tourist market and the property
market. Investors looking for a low risk place in which to
invest their money would be wise to seriously consider Egypt.
Once people realise that Egypt is more than just history and
culture, the Egyptian property market will really escalate, and
when that happens, investors who have bought into the property
market early are certain to make a very good return on their low
risk investment. The crucial point when purchasing a property in
Egypt is to find the right property in the right location and
getting it at the lowest price possible. When such a purchase is
based on careful research and advice, your property can provide
you with a secure and profitable investment. So when you’re
looking for an overseas property for sale, Egypt can offer you
many benefits and rewards.
About the author:
Vincent Shaw wrote the Article 'Overseas Property for Sale â€"
Egypt has it all' and recommends you visit
http://www.homesoverseas.co.uk/property-for-sale-in-egypt/1244
for more information on
href="
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244">cheap properties for sale Egypt

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