Analysts at Amberlamb have praised Egypt for offering relatively low property values.

According to the organisation, foreign property buyers can snap up a residence in Sharm el-Sheikh for as little as £120,000.

The country was described as a "highly affordable" market for overseas investors, partly because the market has so far been largely untapped.

Andrew Williamson, spokesperson for Amberlamb, stated that this is partly because Egypt has received less media coverage than many other investment markets.

This suggests that greater exposure could trigger a surge of interest in the African nation, thereby leading to greater house price inflation.

"Egypt has significant advantages for many would-be property owners," Mr Williamson commented.

"Properties are highly affordable [and] the flight time is a very respectable five hours."

Last week, Al-Ahram Weekly revealed that Egypt is attracting more and more interest from second home buyers across the world.

This, it stated, is having a direct impact on house prices in Egypt by fuelling growth in the market.


Propertyshowrooms.com

120.00 GBP's is not cheap. You could buy a Mansion plus Pool for that in Turkey.This price is way over the top for Egypt.

Ian

It depends on location - you can also buy mansions for that amount in Mamourah in Alexandria but Sharm is a resort as well as being close to the Red Sea. Plus places like Sharm are more attractive to foreign investors when compared to the populated, polluted cities like Cairo etc.

£120,000 is not cheap at all, there are lot cheaper properties in Sharm and even cheaper in other parts of Egypt like Hurghada, here is a nice one in Sharm el Sheikh fom only £45,590 Property Details

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CrescentHomes real estate, TurkishLiving & EgyptianLiving forums.

There are really nice houses with affordable prices in Egypt. My father acquired our new house in Cairo from Property in Egypt - Egypt Property For Sale. This was introduced by my father’s colleague who also got his apartment from them. Maybe this would help you.