Eyes on Egypt

Interest in the investment property market in Egypt is beginning to awaken as the wider world becomes aware of the investment opportunities and incentives available.

The key factors attracting overseas investor interest include the country's fast growing tourism sector, the government's continuing commitment to legislative initiatives designed to enhance the investment climate, and low and affordable property prices coinciding with an increasing demand for quality property for sale and short term let.

The majority of real estate investment interest is currently centered upon the resort areas and the major cities like Cairo and Alexandria.

Around the Red and Mediterranean Sea coasts property investors are tapping into the increasing tourist demand for short-term rental accommodation. This market is currently returning the best rental yields countrywide.

The second home resale market is also beginning to present profit potential because more overseas buyers are seeking holiday homes or second homes in these areas.

Egypt is close at hand for European holiday-makers and therefore owning a holiday home in such an exotic location makes perfect sense for many overseas travellers.

Traditionally, tourists and property buyers have been attracted to Egypt because of its history as well as its warm waters. Many are also attracted to the diving possibilities on the Red Sea and its luxury hotels and resorts.

An increasing number of visitors are buying into 'new build' luxury apartment complexes in the major holiday hotspots which can offer guaranteed rental yields, a holiday home in the sun and an investment that even begins increasing in value over the build period.

Overseas real estate investors are also aware of the growth in the purchasing power of the domestic market suggesting long-term profitability on all investments in Egypt's property sector.

With that said, Star International Real Estate has a number of properties in Egypt on its books. A villa located in 6 October City, is fully furnished within a lush compound boastings its own private entrance and large garden.

It is located in a quiet neighbourhood and has easy access to banks, universities, recreational parks, and five star hotels.

The serenity of the location makes it ideal for families and students as well. Located nearby the Pyramids, the villa boasts three spacious bedrooms with beautiful panoramic views.

For those who prefer apartments, a fully-furnished property in Alexandria Flats may be of interest. Located on the 11th floor, the two bedroom flat has a customised open kitchen, sizeable reception area and stunning sea views.

This new luxury tower features many amenities, including an international bank on the bottom floor. It is also within easy reach of the downtown area, recreation centres, universities and five-star hotels.

Both properties are ready and available with long leases.