In a recent report published by the Global Property Guide Egypt featured highly on the list of recommended countries. The advice for prospective buyers is simple – buy where the rental yield is good & you should have a safe investment.

There are several other factors to take into account when purchasing an overseas property which can make the difference between a good or bad purchase:

• The rental yield gives an indication of whether property prices are fair value
• High transcation costs – income tax & capital gains tax are all good indicators
• A stable government who are efficient & actively improving the economy
• Attractive countries with beaches, historical monuments, peace & order do well long term

Looking at Egypt as a whole it is easy to see why it scores so highly. The average rental yield is around 7% which is good & prices here are still low.

Taxes are low here & the capital gains tax is zero.

The government is stable with the present prime minister being in office since 2004, the GDP growth has remained at 7% each year since 2006.

Egypt is a very attractive country to visitors, the red sea coastline is known worldwide for its beauty & outstanding diving. Historically it is second to none, it is home to the pyramids, sphinx & valley of the kings.

Taking all of these factors into account it is easy to see why Egypt comes so highly recommended as a place to buy. The tourism market is massive, accounting for 11% of the GDP & employing 12.6% of Egypts workforce. This is why the rental yields are good – toursits visit Egypt & need somewhere to stay.

Because the climate is so favourable the rental demand is not seasonal as it is in European countries. There is demand for properties  for 12 months of the year & in the Red Sea area it’s not just sunworshippers who flock to the beaches but also divers who visit the outstanding coastline.

All of these factors contribute to Egypt’s growing popularity for property investors. We have a selection of property for sale, some with guaranteed rental options:

1. Hurghada Dreams. Prime location overlooking the public beach & close to bars, shops & restuarants. Luxury 1 & 2 bedroomed apartments many with sea views, on-site facilties including pool, shops, spa centre & restaurant. Guaranteed rental 8% for 5 years. Prices from £28,066
2. Harmony Lagoon Resort. Front line beach front development. Luxury 5* properties available from studios to villas. Extensive on-site facilities & top quality finishing throughout. Rental is guaranteed for 3 years at 8%.
   Prices from £29,554
3. Pyramisa – Sahl Hasheesh. Fantastic opportunity to invest in this 5* resort, situated in a prime beachfront location in the prestigious Sahl Hasheesh resort just 18km from Hurghada‘s international airport. Pyramisa truly caters for the luxury market & the hotel facilities & restaurants are outstanding. Fully furnished apartments with guaranteed rent of 8% for 3 years or 7% for 10 years.
   Prices start at £55,823
4. Makadi- Makadi Bay. This is a rapidly developing area & home to many new hotels & a golf course nearby. Makadi is a self contained gated community consisting of apartments, villas, shops, schools & hospital. It is a low density build & offers a more relaxing enviroment for those not wanting to be directly in the midst of the hustle & bustle. The speed of sales & popularity of the development has been unprecedented due to the low, low prices & excellent quality & planning. Rental yields are expected to be high with prices starting at just £18,427.