Invest in Egypt's Booming Real Estate Market
With its perfect all year-round temperatures and proximity to most European hubs, Egypt is a major tourist destination with a lot on offer for visitors. The land of the Pharaohs is well known for its historic monuments such as the Great Pyramids and the Sphinx, the Abu Simbel temples in Aswan and the Valley of the Kings and Karnak Temple in Luxor. The Red Sea Riviera is also regarded as one of the finest diving spots in the world.
Egypt is to offer residency permits to foreigners who acquire property to attract more foreign investment into Egypt’s already surging property market. Under the new law, a one-year residency permit will be granted to foreigners who buy a property for as little as $100,000. Three- and five-year residency permits will be granted for property purchases worth $200,000 and $400,000 respectively.
Buying property in Egypt offers excellent investment opportunities.
With due diligence, adequate research and taking on professional advice, real estate investment in Egypt can be very rewarding.
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