Friday, October 31, 2008

Egypt Property for Sale

Egypt Property for Sale with International Hot Property

Egypt with a growing economy and forward thinking government policies and a solid infrastructure are making Egypt one of the next property and tourism key areas. With high capital returns of up to 25% per annum in key locations, the investment climate in Egypt is widely regarded as a very promising one according to Simon Jones market analyst at http://www.internationalhotproperty.co.uk. “With prices for Egypt property starting as low as €30,000 Euros the wonders of the Red Sea, Pyramids and a Desert climate are available to everyone. Egypt, days are commonly warm or hot, and nights are cool. Egypt has only two seasons: a mild winter from November to April and a hot summer from May to October. The only differences between the seasons are variations in daytime temperatures and changes in prevailing winds. In the coastal regions, temperatures range between an average minimum of 14° C in winter and an average maximum of 30° C in summer. Such a climate is bringing more and more new property owners to Egypt especially those who like to get away somewhere warm in the winter months” continued Simon.

So is Egypt property a good investment and what is the long term future for a growing economy such as Egypt. Simon Jones explained “Egypt has every recognized element of successful investment. It is a stable country, politically and economically.. Dubai developers have recently trail blazed Egypt’s emerging property market. Prices have risen by 50% in the last two years alone, and are set to double in the next three years. The Egyptian Tourist Authority state over one million Britons visited in 2006, which poured a total of $7.6 billion dollars into the economy. Furthermore, their ad campaign ‘Gift of the Sun’ aims to attract 16 million visitors by 2014, which spells great news for rental potential. As for the future, Egypt and its neighbors have embarked on a ’Vision’ project to increase tourism to 150 million by 2020. All these factors make the Egypt property market a seriously good investment”

Anyone interested in finding out more about property in Egypt should contact International Hot Property who would only be too pleased to explain the pitfalls as well as benefits of Egypt property.

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