Egypt Property Cant Fail To Grow In Value
News Posted On: 02 September 2009
Egypt has been recommended as a hot overseas property investment spot, one in which "[property values] can't fail to grow" according to prominent overseas property commentator Liam Bailey as quoted by Azure Overseas.
"I have written an article recently calling Egypt a property market of the future, basically because it is to a certain extent reliant on the government resolving the distribution of wealth issues as to how safe it is for investment, meaning I can't guarantee returns over the short-term or the long-term. But if you're asking me on a personal level, I would certainly invest in Egypt property because I don't think it can fail to grow," he said.
We have been recommending Egypt for some time now because of the low property prices coupled with growing tourism and demand for property to rent and buy.
Egypt (Hurghada) is about the only sun-soaked destination that you can get a property for £10,000. That is a five star luxury apartment, okay it's off plan but if you do your own due-diligence the risk is minimised. As Bailey says, at that price we don't think it can fail to grow in value given the massive growth in tourism to Egypt -- especially now with the strong euro sending Brits outside the Eurozone for cheap holidays.
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