Egypt Newsletter
Hello
Well things don’t seem to be getting any better in the news recently as we mentioned in our gloom and doom email.
The message still remains the same for those that are looking to secure their retirement funds, here at Jood we work hard to find what we believe to be the best deals for just this purpose this is why we always look at off plan properties as the return on initial investment during the build period is usually between 20% and 40% as a minimum on the developments we find.
Below we have listed a few reasons why we believe the Hurghada region of Egypt offers an excellent return on your investment and is something worth adding to any portfolio.
If you would like any further information about any of our developments in Egypt then as usual please don’t hesitate to contact us or click here to take a look at them on our website.
Take care,
Andrew
Why Egypt is an excellent Investment Location:
• Low property prices starting at around only £30k
• Steady year-on-year capital appreciation of between 20-30%
• Beautiful, well established tourist hotspots suitable for varied tourist interests, from excellent diving and snorkelling to cultural and historical locations
• Stunning natural, unspoilt landscapes
• Steady annual growth in tourist figures
• Less property taxes than paid in the UK
• No capital gains tax
• British residents avoid inheritance tax on any property in Egypt.
• Foreign investors are regarded by the government as a big investment opportunity and laws have recently streamlined procedures, making the purchase procedure easy.
• Strong economic growth and increased investment in infrastructure are boosting the property investment market as a whole.
• Warm desert climate with temperatures ranging from 14°C in winter to 30°C in summer creating a year-round tourist season
• Politically stable country
• Increased inward investment, creating a rich investment climate.
• Well renowned developers are creating luxury resorts to cater for Egypt’s new influx of international tourists
• Easy air access from many European destinations makes Egypt an ever popular medium haul holiday location
• Cairo International airport is being modernized and a new terminal is to be built by early 2007
• Direct low cost flights into Hurghada airport
• Low cost of living and maintenance costs
• English is widely spoken, after Arabic
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