Property for sale in Egypt
Egypt is the country that connects North Africa with the Middle East and it has an ancient history that dates back to the time of the pharaohs. Along the fertile Nile valley are ancient monuments such as the colossal pyramids of Giza, the Sphinx, the temple of Karnak in Luxor, rich in hieroglyphics, and the tombs of the Valley of the Kings. The capital, Cairo, houses Ottoman buildings such as the mosque by Muhammad Ali and the Egyptian Museum exhibiting a collection of ancient objects.
It borders the Mediterranean Sea to the north, the Gaza strip and Israel to the northeast, the Gulf of Aqaba to the east, the Red Sea to the east, Sudan to the south and Libya to the west.
If you are looking for a property for sale in Egypt, in the tourism field there are ample opportunities to invest in properties that range from short-term strategies (purchase and subsequent resale of the property) to medium-term ones (purchase, renting the property for a period and resale of the property).
In some countries such as Egypt as prices remain relatively low and capital growth projections are high, many investors are buying properties for sale in Sharm el Sheikh, Mars Alam, with excellent returns on investment. The differentiation of the projects also allows access to all price levels allowing even small savers to invest very advantageous investments.
The law currently in force in Egypt does not provide for tax obligations for foreigners. If you buy a property for sale in Egypt the only costs to be kept in the budget are those for lawyer and notary and the costs of maintenance, gardening, security service etc. that vary from residence to residence, but that normally lurk to a month's rent of the property, and the value of the property continues to grow.
The real estate market in Egypt is now considered as a solid market reality. The demand for real estate is increasing to a large extent for the purchase of vacation homes and pure investment.
There are numerous reasons to choose Egypt as a place to invest in property for sale: the warm climate, a unique mix of rich culture, beautiful beaches and golden deserts, as well as being one of the best dive sites in the world , no VAT on purchases, no inheritance taxes, no capital gains, low income tax, low cost of living and low maintenance costs, regular direct flights from most European destinations and finally strong economic growth and higher investments in infrastructures.
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