Can Egypt property market continue to offer high potential in a downward global market?

The only press that property investment seems to get recently at home or overseas is negative with a continuous downward spiral of negativity. Egypt however may well be the one country where a property investor can expect to receive very healthy returns on investors and overseas holiday or retirement home seekers can find an absolute bargain at a fraction of the price of comparable overseas locations.

The Egyptian property market never really got dragged into the sheer hype that was driving other more popular overseas property investment destinations such as Dubai or Bulgaria. It came onto the radar screens of global property investors much later, only really making headway since 2005. Today when we take a look at the current property market in Egypt there are quite a few good reasons as to why Egypt seems to be avoiding the dramatic crashes of the other property markets.

Let’s face it when we generally talk about a home in the sun or property investment abroad many other countries feature in our conversations before Egypt, in fact many travellers on their way to Dubai are probably oblivious to what exactly is below them as they fly over Egypt to get to heavily oversold Dubai.

Here’s a few key facts about property in Egypt that definitely put a strong case forward for further consideration. Firstly flight times from UK are around 5hrs which for the majority of people is considered reasonable for both holidays and retirement homes. Secondly it has a great deal of natural beauty, while there’s no denying that the developers in Dubai have achieved some amazing feats, there’s also no denying that it’s in the middle of a desert and as soon as you reach the city limits there’s little to see but sand. Egypt is a huge country with many contrasts from the popular Mediterranean resorts in-between Alexandria and El Alamein to the beautifully styled Red Sea resorts of El Gourna and Mangroovy Beach.

More good points come in the pricing of property in Egypt for UK buyers who will see prices are in sterling so no nasty surprises such as have been experienced in the EU where the Euro has gained considerable strength over a week pound. Then the final feature that really must warrant attention it’s still one of the few remaining locations where a beach front apartment can be purchased for just over £30,000 and Marbella type luxury resorts come in at around £120,000 .

Is it a good investment? Compared to many other markets Egypt never really overheated and today an investment of £30,000 is still expected to generate a capital growth of around 20% per annum. The absence of stamp duty and other property taxes go a long way to make sure there is good potential for a healthy return on your investment.

Can Egypt property market continue to offer high potential in a downward global market?