Egypt » Market Report

The Egyptian property market is mainly concentrated on the Red and Mediterranean Sea coasts, also the major cities of Luxor, Cairo and Alexandria. 

Property in Egypt is turning the heads of international property purchasers looking to buy into a foreign, historical and beautiful country with a warm climate and a booming tourist industry to match.

Egypt is an attractive tourist destination with history dating back to around 3200BC and the warm waters of the Mediterranean and the Red Sea attract divers worldwide. As a tourist destination with many possibilities to suit all interests, Egypt attracts increasing numbers of visitors and property buyers alike who come here to reap its many rewards.

Low off-plan prices (from £30k for a beachside apartment), guaranteed rental yields, holiday homes in the sun and high returns on investment (up to 26% per annum in some locations) are all reasons for the current success of Egypt as a holiday and property location. Egypt is now well known as a number one destination for European travellers.

International Property Brokers forecast that the GDP growth of the Egypt country will remain 5.7% in the financial year 2008 to 2009 and will remain 5.1% in the financial year 2009 to 2010. The persistent economic growth is very good for foreign investors. International Property Brokers also forecast that the Egypt's new property market is rising and about to witness strong price gains, it is a market with all the right things for long term success and therefore property in Egypt in 2007 makes an remarkably interesting investment choice.