Recently Egypt’s potential has been realized by some of the world’s shrewdest investors. Property prices have risen an impressive 50% over the past 2 years and it is forecast to increase a further 20% over the coming year, fueled by the countries expanding economy.
The government has noted the strong interest in property from foreign investors and has encouraged investment by streamlining the purchasing procedures and revising the customs and income tax laws offering more favourable terms.
The Red Sea resort of Hurgada is an area to watch, thanks to high profile developments such as Serrenia, designed by Lord Norman Foster, an innovative, ultra luxurious, self sustaining community with 7 star hotel and Camper and Nicholson Marina.
Another area to get excited about is the amazing Sahl Hasheesh, soon to be one of the world’s most sought after waterfront address, with beachside developments and golf courses.
Situated only 20 minutes from Hurgada International airport, and with 12 km of natural beaches, uniquely beautiful dive sites and three 18 hole golf courses makes Sahl Hasheesh one of the best investments for 2007! |
