Key Reasons to Invest in Egypt's Real Estate Market

by Admin on September 14, 2018

Real estate is becoming increasingly popular in Egypt with a wide range of property types on offer in several locations. The properties available range from small £20,000 apartments in Hurghada to multi million dollars properties in El Gouna, like the luxury homes in the Caribbean but without the long-haul flight. So, what’s behind the boom in Egypt’s property market?

Here are ten reasons to invest in Egypt’s real estate market:

  1. The Egyptian economy has achieved significant growth over the last few years following a range of extensive administrative and economic reforms, making it great place to invest in real estate. Egypt is expected to have the strongest economic growth in the Arab world in 2018, with World Bank forecasts pointing to a rate of between 5 and 6 per cent.

  2. The country invested over USD 15 billion in infrastructure projects in 2017 including roads, electricity networks and irrigation projects. These infrastructure investments will further boost economic growth by increasing the potential supply capacity of Egypt’s economy.

  3. Around 20 new fourth generation cities are being developed in Egypt, increasing urban areas in the country by 12-14%. These new cities and urban spaces aim to address a serious housing shortage, as well as increasing demand by the middle class for less crowded residential options and better lifestyles.

  4. Egypt is one of the fastest growing entrepreneurial hubs in the world with a 41% of its 95 million population under the age of 25. Egypt’s young and educated population is the largest consumer in the Middle East. The country was also shortlisted as the Outsourcing Destination of the Year 2016 for the European Outsourcing Association (EOA) Awards, one of the most prestigious outsourcing industry awards.

  5. The business climate in this country has improved immeasurably over the past few years, with natural gas fields reducing energy imports, among other improvements. The 2018 Doing Business Report listed Egypt as one of 46 economies that have improved the most in making it easier to do business following the implementation of several regulatory reforms.

  6. In 2015, Cairo was listed by Forbes as one of the top 10 cities worldwide to launch start-up businesses.

  7. Egypt’s new capital has great potential as a new hotspot for off-plan investment property, with a huge range of luxury properties to choose from.. The new smart city is located 45 km to the east of Cairo sprawling an area of 170,000 acres. It is planned to be a new purpose-built administrative capital for Egypt.

  8. The fantastic weather attracts people from all over the world. With its year-round sunshine, beautiful seas, historical monuments and vibrant towns and cities, there is something appealing to everyone in Egypt.

  9. There are great reforms to the current tax system in Egypt, making it easier than ever to invest. Egypt made paying taxes easier by extending value added tax cash refunds to manufacturers in case of a capital investment.

  10. It is a great place to expand any property portfolio and make the most of the opportunities Egypt has to offer. The low cost of living in Egypt is appealing particularly for pensioners who are interested in buying retirement homes. Money goes a long way in Egypt with the current very attractive exchange rate.

 

For more information on our luxury properties in Egypt, get in touch with us today.

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