More and more property investors have begun flocking to the Egyptian real estate sector in the last few years. This is because emerging markets offer a stable investment with good growth rates. Two of the most important factors needed to make any investment are stability and simplicity. The stock market has shown itself to be unreliable and under-performing over the last decade, so more and more investors have turned to real estate.
The real estate sector is a great place to go for an investor interested in large returns. In fact, at least 50% of the members of The Times’ Rich List made their money through investing in property. You stand to place yourself among those individuals with clever investments and a sharp eye for opportunity.
One of the benefits of buying property specifically for investment purposes is the removal of emotion from the process. The property can then be used solely as an investment vehicle. Investing in Egyptian property offers many growth opportunities. These opportunities come in the form of re-assignable off-plan contract options, which can then be sold at a significant profit prior to completion. There are also opportunities to invest in rental properties for a steady rental income. The more you invest in Egypt property, the more you stand to see returned.
Recent years have witnessed a steady growth in Egypt’s economy, and inflation has dropped dramatically in the last ten years. Due to a number of recent reforms, private businesses have increased and now represent 80% of the Egyptian economy. The more foreign investment numbers increase, the more potential the economy has over the long-term.
In some locations, property price returns have reached as high as 30% per annum, and the cost of living and property prices are lower than ever. Since 2006, GDP has increased well over 7.1% and will only continue to rise. Government reforms have made the real estate investment process easier than ever before, prompting increased numbers of foreign investment in the last decade. In fact, foreign investment is higher now than it has been in years, so you stand to gain a great deal of return if you invest sooner rather than later.
Greater Property Opportunities
With an increase in the number of luxury resorts and air services, and the modernization of amenities, comes more opportunity for you to see greater returns. More tourists visit Egypt than ever before, and you stand to take advantage of the capital increase.
In addition to more tourists, the cost of living in Egypt is very low compared to European countries. Therefore, it is more cost-effective to maintain and manage your properties without sacrificing the quality of their condition. With so much extra capital to be earned, it is no wonder so many foreign investors recently set their sights on the Egyptian real estate sector.
The Egyptian economy is only going to get larger and more stable with time, so there is a high potential for growth in the real estate market. To get the most out of your investment, this is the country to start looking into. In fact, the sooner you invest in Egyptian property, the greater your chance at record returns.