Why Investment in Egypt?
-Guaranteed investment opportunity.
-Excellent rate of return .
-Steady rise in prices( appr.25 % annual ).
-Only approximately 4 hours flight time .
-Wonderful climate , warm all the year round .
-Excellent rental return.
-Fast growing tourism .
-Low-priced living expenses
-low taxes and side cost.
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Why should you buy a property in Hurghada ,Egypt? CLIMATE: Hurghada has a desert climate hot during the day and mild at night. The sun shines all the year around. Hurghada has two seasons. A hot dry summer, during the months of May through October, and mild winter during November through to April.
Access to Hurghada ? Egypt is to be thought of as the centre of the earth. There are many easy ways to travel to Egypt via the air. Hurghada can be reached from the UK airports within five and a half hours and all the UK airliners are dealing directly with Hurghada International airport.
Capital Growth :As you may have experienced yourself that there are an a increasing number of tourists per year visiting the ancient and historical land. This has made the property market in its early stages and is still gaining capital at 60%. The property in Hurghada is freehold unlike the leasehold market in Sharm-El Sheikh. Also under the reciprocal agreement there is no inheritance tax or capital gains tax in a Hurghada property investment. This in itself is a breath of fresh air for the British investors who reside in the UK.
Compare yourself Property prices in. . . .
1. Cyprus
2. Spain
3. Dubai
4. Greece
And Hurghada.
General living :To be honest living costs a far cheaper than here in the UK. As you are well aware the day to day increase in fuel, food, taxes and general living cost are always rising. On the contrary in Egypt for example you can fill up the fuel tank of a car with petrol class 100% unleaded (50 litres) for merely 5 sterling pounds! Can you imagine?
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