Is it really worth investing in real estate in Egypt?
Oh how I love a question that is so easy to answer… is it really worth investing in Egyptian real estate?
Very well!
There are so many positive aspects of the property market in Egypt that make the whole sector an exciting place to be at the moment that any serious person wanting to venture into an emerging property market abroad should focus on Egypt for at least the medium term.
First things first, let’s get rid of the confusion: Egypt is not a country plagued by terrorism, drought or famine, it is an incredibly beautiful, ancient and interesting country with a coastline that is brushed and caressed by the Mediterranean and the Red Sea. . It is also one of the most exciting and exotic countries closest to Europe, giving investors a massive potential tourism audience to target; It’s also a country that can really boast year-round sunshine on its Red Sea Riviera, meaning it offers investors year-round earning potential.
If these aren’t reasons enough for a property investor to be curious about Egypt, how about the fact that Dubai-based mega-developers Emaar have just committed millions of dollars to the Egyptian residential real estate market in Cairo? Or what about the fact that the Egyptian government has drastically reduced property tax costs to make the whole process of owning real estate in Egypt much more affordable for more people?
You can add to this the fact that foreign direct investment in Egypt is at an all-time high, the country is receiving more annual visitors than ever before, and the country is enjoying its best relations with Western governments in recorded history. , If you wish.
Furthermore, the amount of investment and economic confidence in Egypt is opening up a growing and prosperous middle-class sector that is willing to buy properties for sale and rent in Cairo and Alexandria in particular, and this gives an investor a local resale market to target in the medium term, further boosting the long-term potential of an investment made in real estate, which is currently dominated by the tourism market.
It is a fact that the highest rental income a real estate investor in Egypt can achieve right now comes from tourist properties along the Red Sea and Mediterranean shores; It allows. But there is also a growing retirement market in Egypt that is attracting a lot of attention and giving real estate investors another potential source of income to explore.
Egypt truly is the place to be for real estate investors looking for immediate income and medium to long-term capital growth and resale potential, and because the process of buying property for foreigners in Egypt has become more affordable and more transparent. In recent years, the numbers of investors examining the market and exploring its possibilities is bound to increase and increase.
