Property Abroad News | Overseas Property News | News Articles

Facebook Linkedin Twitter RSS
Your have 0 properties in your shortlist - View Shortlist >>

Refine Your Search

Investors Could Get Bargain In Egypt

News Posted On: 11 August 2008

Foreign property investors may be able to acquire a relative bargain in Egypt, industry experts have stated.

According to Amberlamb, the African nation currently offers much lower house prices than many other investment hotspots.

For example, a home in the holiday resort of Sharm el-Sheikh was said to cost just £120,000.

Andrew Williamson, spokesperson for Amberlamb, commented: "Properties are highly affordable."

He added that the country also offers a number of other attractions to foreign buyers, as attractive scenery and easy access from Europe.

"The flight time is a very respectable five hours," Mr Williamson commented.

He added that the Red Sea coastline is one of the most popular parts of Egypt, along with resorts by the Mediterranean.

This comes after Al-Ahram Weekly reported that growing levels of interest among foreign buyers is leading to a surge in house prices across the country.

Overseas mortgages - keeping you updated with the best mortgage rates on the market

Back to news articles for this country

Overseas Property News

Cairos Property Market Improves Despite Egypts Instability

Over the last two and a half years, Egypt has suffered through revolution, an attempted Islamist tak.....

Political Reforms in Egypt Leading to Improved Investor Attitudes

It's expected that the political reforms in Egypt should lead to the country being in a much stronge.....

Egypt Property Continues to Hot Up

The story of one of the hottest emerging markets of the post-crash world continues to show positive .....