Investors have been benefiting from the country's increase in tourism traffic and also as a result of the Egyptian governments sweeping reforms designed specifically to attract further inward investment.
More Reasons to invest in Egypt Real Estate
Increasing tourism: Egypt is one of the most popular tourist destinations in the world.History and culture are a very big attraction; The Pyramids, the Sphinx, the Nile and other historic sites have been attracting tourists to Egypt for centuries.Egypt offers good weather all year round and great beaches; the Red Sea coastline offers some of the best diving locations in the world that attracts beginners and experts alike.
Egypt is close to Europe and holiday makers can take advantage of cheap and regular flights from most European countries. Egypt’s main tourist destinations offer a wide selection of US and European 4 & 5 start hotels and restaurants . The Egyptian Government’s reforms specifically designed to attract inward investment.
Increasing property demand: the number of people purchasing new build luxury villas and apartments in the holiday hotspots are increasing mainly because of good off plan deals where the investment begins to increase in value even before the building has been completed. Some developers also offer guaranteed rental income further increasing the attractiveness of the investment.
Domestic market growth: Egypt’s middle class population is growing meaning that Egypt has increasing consumer purchasing power and as such the demand for better homes and luxury property is also increasing. This trend is good for long term growth as property investors have both the short-term holiday rental and long-term residential marketing to target.
