Investing in Property in Egypt

Posted on November 16, 2008
Filed Under Uncategorized |

by Dominic Donaldson
It is no surprise that eight million tourists visit Egypt each year and chose to reward it as one of their top holiday destinations. With opportunities of cruising down the River Nile, riding a camel through the desert, scuba diving in the Red Sea and visiting one of the Seven Wonders of the World, the pyramids, those looking to invest in a property may well find Egypt a strong contender.

Many buyers of property in Egypt will be benefiting from an influx of British holidaymakers. According to an online travel agency, an increasing number of people from the UK are choosing to book holidays outside Europe during January. Egypt was highlighted as one of the most popular destinations, due to its accessibility and year-round sunshine. Perhaps the short flight time of just five hours also helps with the destinations appeal.

This has lead to owners of holiday accommodation experiencing higher occupancy rates, translating into stronger rental yields. The announcement by budget airline easyjet to take over the former British Airways routes to the popular Red Sea Resort destination of Sharm El Sheikh will also contribute to a rise in visitors, as travel to the popular destination becomes more financially accessible.

So why are so many tourists choosing Egypt and why is it such a sound investment choice? Firstly, most investment property in Egypt is located along the red sea coast, among the beautiful white beaches. With views to die for and tranquillity on your doorstep, it’s all about location, location, location. Secondly it is anticipated that there will be a growth of 20% per annum over the next 3 years throughout the country. This is music to investor’s ears. Egypt also has excellent transport links to the Europe, Africa and the Middle East, making it the perfect location for a wise property investment.

For sun-lovers, the year-round sunshine is a key selling point, allowing holiday makers to escape to sizzle under the golden rays come rain or shine back home. It’s somewhere luxury holidays can be had at mid-market prices, and property will always be in demand.

Fifth on the list is Egypt’s undeniable history. With 7000 years of civilisation, no other country can offer the diversity from past to present in such a visual way. From ancient pyramids to modern five star resorts, Egypt offers tremendous variety. Egypt is also one of the top dive locations in the world with unspoilt coral reefs, coral-covered shipwrecks and dolphins. The crystal clear warm waters offer the perfect conditions.

We cannot mention the wonders of Egypt without mentioning the desert. You cannot say you have been to Egypt if you have not ridden a camel across the desert and witnessed first hand, the spectacular scenes straight out of Lawrence of Arabia. Huge growth in tourism with demand greater than capacity also means buying a property in Egypt is a timely and wise monetary investment.

Apartments are available for less than twenty thousand GBP and have low running costs; combine this with a realistic goal of all year round rental opportunities and you can expect a good return on your investment. Long awaited Political and Economic reforms now make Egypt an exciting country to work in and a massive cash injection into projects aimed at the tourist industry promise to improve the existing infrastructure.

Egypt, the land of mummies appeals to such a vast number of tourists every single year because it has so much to offer. There is a slice of heaven for everyone. With such diversity guaranteed to continue attracting such large groups of paying tourists, purchasing a property in Egypt could be the safest and soundest investment you make.

Dominic Donaldson is an expert in the travel industry.
Find out more about property in Egypt why Egypt is such a popular holiday destination and why this makes it such a great investment opportunity

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