Egypt Offers Capital Growth Potential
News Posted On: 08 August 2008
Overseas property investors who enter the Egyptian market could find themselves in line to earn healthy capital gains.
According to Al-Ahram Weekly, growing levels of interest in Egypt among foreign buyers is leading to a surge in house prices.
This means that people who own a property in the north African country could find that it is soon worth far more than the amount they originally paid for it.
As a result, they would then be able to make a considerable profit should they choose to sell up.
"Foreigners are now keen on owning property in Egyptian seaside resorts," the publication commented.
Al-Ahram Weekly said resorts along the Red Sea are proving to be especially popular with buyers from overseas.
This comes after analysts at Amberlamb highlighted opportunities in the Egyptian rental sector.
According to the group, the country is proving to be increasingly popular with foreign leisure travellers, which means demand for temporary accommodation is rising.
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