Property in Egypt

Author: Nicholas Marr
Article:
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

About the author:
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/