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PRLog.Org - Egypt Investment Online Properties For Sale, Rent by JoKellogg

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 Egypt Investment Online Properties For Sale, Rent - Red Sea - North Coast - Cairo - Giza -Naser
                                              City

       By George Sabry
       Dated: Aug 31, 2009

       Egypt Properties; is a professional online Website established to help Egypt Properties Owners To Market
       their Properties whatever for Sale or For Rent, so If you have Flat, Apartment, Villa or Studio in Egypt For
       Sale or for

       http://www.egypt-properties.net

        Egypt Properties; is a professional online Website established to help Egypt Properties Owners To Market
       their Properties whatever for Sale or For Rent, so If you have Flat, Apartment, Villa or Studio in Egypt For
       Sale or for Rent In Red Sea, Hurghada, El Gouna, Sharm El Sheikh, Sahl Hasheesh, Marsa Alam, North
       Coast, Cairo, Giza, Naser City, Alexanderia, the only thing is needed from you as an owner just to register
       for free then we will contact you to activate your account to start listing your properties.




        Why Invest In Egypt Properties

        http://www.egypt-properties.net

        Are you looking for a resort location with year-round sunshine? Are you worried that, not only are you
       way too late into the market for the mature territories such as Spain and Cyprus, but that you have also
       missed the main bargains in the second generation territories of Morocco and Turkey?

        As long as you understand that, in order to achieve high returns, you need to take on a higher amount of
       risk, we have the perfect solution for you – Egypt.

        When we first put the figures together for prices in Egypt at the start of 2007, we thought that we had made
       a mistake. Then beach-front property in either Hughada or Sharm el-Sheikh was still selling for just
       EUR600/m2. That was half the price of Turkey and 40% of similar property in Morocco.

       During 2007, prices have started rising fast for top-end prime location properties as developers realize that
       Egypt is a market with huge potential, and now there are some luxurious developments with prices of over
       EUR1000/m2 in Sharm el-Sheikh. But still the entry costs for Egypt are incredibly low to all of the other
       markets that we cover.

        The reason why property is so affordable here is that it is only recently that the Egyptian Red Sea coast has
       taken off as a resort destination. But it has taken off fast now due to the fact that the season there lasts 365
       days per year and the prices are incredibly cheap, even when compared to Turkey. The great value that
       Egypt offers has made the country especially attractive to Russian and Eastern Europeans, with many
       charter flights coming into Egypt from these destinations. Tourism from the UK and Ireland is not yet so
       developed as Egypt is just a little too far for the budget airlines to be interested in the market, meaning that
       it is relatively expensive to fly to Egypt from there, although there are an increasing number of charter
       flights to the Red Sea Resorts.




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 Currently, here are two major resorts in Egypt – Sharm el-Sheik on the northern side of the Red Sea and
Hurghada on the southern side. Sharm el-Sheik is the newer of the two; Hurghada having been established
for longer. It looks as if Sharm el-Sheikh is going to be the more exclusive of the two resorts, which
accounts for the fact that prices are already ahead of those in Hurghada, but this has to be tempered with the
additional security risk of Sharm el-Sheikh being that much closer to all of the Middle Eastern troublespots.
Another disadvantage to Sharm el-Sheikh compared to Hurghada is that foreigners are not allowed to buy
property there on a freehold basis - it has to be bought on a leasehold basis with a maximum duration of 99
years.

 Although Sharm el-Sheikh and Hurghada are the two locations that are currently seeing the majority of
development on the Red Sea, it is inevitable that other resorts will start to take off, such as the Zafarana
Beach Resort, which is located 135km north of Hurghada.

 If you are interested in buying property in Egypt, then it is better to arrange financing back home or to
make a deal with a developer who is able to offer full financing deals. While it is possible to obtain local
mortgages in Egyptian Pounds, the interest rate of 14% means that it is probably not going to be financially
viable to finance in this way.

 These high interest rates are good news for overseas investors in Egyptian property. It means that even
some of the most affluent Egyptians are unable to buy property themselves, meaning that they rent instead.
This means that rental yields in the country are very high compared to other territories.

 An alternative to buying on the coast is to buy in the capital, Cairo. This market has attracted the attention
of the largest developer in Dubai, Emaar, who are building several upmarket developments around Cairo.
While there are excellent rental returns available in Cairo, you really do need to do a lot of research
regarding the best locations in the market. You have to remember that Cairo is one of the World’s biggest
conurbations – significantly larger than either London or Moscow, so make sure you pick the right area.

 So, everything about Egypt sounds great, doesn’t it? Low prices, high rental yields, rapidly increasing
demand – wonderful! But, be careful. High returns usually come with high risks and investing in Egypt is
no exception. While Egypt has moved a long way in order to develop its massive economy, the country still
has a lot of problems. Much of the country lives in total poverty, there are many instances of human rights
abuse, and terrorism remains an ever-present threat. The most serious instance of this was an attack upon
several hotels in Sharm el-Sheikh in 2005, killing 88 people.

 Another factor to take into account is that Egypt doesn’t have to comply with EU Building Regulations and
there have been reports of some very dodgy construction techniques being used in some developments. You
should consider getting a surveyor’s report done if you have any fears at all to save you a lot of grief down
the line if the construction is sub-par. If you’re buying off-plan, ask the developer what guarantees they are
willing to give on the property.

 If you are buying existing properties, you really need to make sure that you work with a very good lawyer
to ensure that you are buying exactly what you think you are buying. Egypt's Land Registry system is
messy to say the least and you could end up with some very major and very expensive problems down the
line if there are any unresolved ownership issues after contracts are signed and payments are made.

 You will also need the assistance of a lawyer in order to guide you through the process of registering the
ownership of your property as there are two methods of doing this. The first method registers you as the


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owner in the Land Registry. The downside to this however is that, as a foreigner, you are restricted to the
number of properties you are allowed to buy in Egypt and you will also be unable to sell on the property in
a period of less than five years. The second method, which is probably the better of the two, is to register
your ownership with a notary but not have your name listed at the Land Registry. This avoids the
restrictions placed upon you as a foreigner.

 If you are naturally risk-averse, Egypt is probably not for you and you would be better off investing in one
of the EU countries. But if you are more of a speculative investor, or are building up a property portfolio
across more than one country, then Egypt is definitely worth looking at in more detail. With prices so low
at the moment, a 10% deposit on a reasonably sized apartment in a prime location should cost you less than
EUR5,000 in cash so, for most property investors, the amount of risk should be relatively low.

In summary, it's hard to find a better location in the World than Egypt at the moment if you are looking to
make some serious medium-term gains.


http://www.egypt-properties.net

###

Egypt Properties; is a professional online Website established to help Egypt Properties Owners To Market
their Properties whatever for Sale or For Rent, so If you have Flat, Apartment, Villa or Studio in Egypt For
Sale or for Rent In Red Sea, Hurghada, El Gouna, Sharm El Sheikh, Sahl Hasheesh, Marsa Alam, North
Coast, Cairo, Giza, Naser City, Alexanderia, the only thing is needed from you as an owner just to register
for free then we will contact you to activate your account to start listing your properties

http://www.egypt-properties.net

 Also We Provide Amazing Furniture Packages In Cairo, Hurghada, El Gouna, Sahl Hasheesh, Sharm El
Sheikh, Safaga, Quseir, and Marsa Alam Where All done fron Oak Solid Wood and you are free to choose
any design and style you like to have it on your own way.

Category           Egypt Investment Properties
Tags               egypt properties, buy egypt investment properties for sale, buy flat - apartment or villa for sale in
egypt
Email              Click to email author
Phone              +20169002626
City/Town          Hurghada
State/Province     Red Sea
Zip                +2065
Country            Egypt




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