Why Invest in Egypt?

Overview
Egypt is a stable and increasingly prosperous society with a government committed to encouraging overseas investment. Egypt was ranked by the World Bank in October 2007 as number 1 worldwide country in economic reforms. >>Read More

The Egyptian Government is committed to facilitating overseas investment and making it as easy as possible for non-residents to invest in property. For example, capital gains tax has now been reduced to nil and overseas investors can now secure the freehold of any property without restriction. .Stamp duty has been changed last month to a fixed nominal value of £e 2000 (€270) irrespective of the purchased property price. As a result, the economy has shown impressive year on year growth.

For the second successive year, Egypt confirns its position at the top of overseas property market >>Read Report 

 

In 2007 the Egyptian property recorded top rates of capital growth
>>Read Article, still to come all independent world economic analysts stated that Egypt is about to witness another unprecedented property and economic boom very soon…! For the first time in the history of Egypt, the mortgage law has passed by the parliament for in 2004, since then all the leading lending institutions had flocked into the country to establish themselves in the money lending market.>>Read Report

At the same time the property registration system which is still outdated in Egypt is now in its final stage of reform and the new system is just about to be born at any time within the next few months. When this happens Egypt will witness unprecedented boom not only in the property market but wide across the board in all economic sectors. The Egyptian government seem to be very determined to reform the mortgage system as they did with CGT and STAMP DUTY and the income tax.,

Tourism in particular has been a specific focus of a government determined to ensure attractive returns for those investing in this fast growing sector.
For example, the American Chamber of Commerce Egypt has announced a likely growth rate of 7.2% by the end of 2007, partially driven by a significant increase in direct foreign investment to a figure of almost $7.5 billion per annum. Such independent analysis confirms what astute investors have known for some time – that Egypt is a rich source of potentially significant investment gains across the entire economic spectrum.

Overall attractive points about Egypt are:
1. Low entry investment
2. Continuous Property Capital Growth 20% pa
3. No Capital Gain Tax.
4. Nominal Stamp Duty (270 Euro irrespective of the property price )
5. Free hold property
6. High Rental Yield powered by both local and tourist tenants.
7. Very expected imminent second boom when the mortgage system is in full swing.
8. Egyptian pound is liked to US dollar.
9. Free fund transfer in or out of the country via all the world known bank branches
10. Top of the list world country of economic reforms
11. Very stable political country

Further Information
1. Property in Egypt set to be top investment
2. Mortgage Banks are flocking to Egyptian market >>Read Article
3. High Rates of Tourism Growth Predicted to Continue >>View Report


Aquarious Unit Performance

Aquarious is our current developement, with price performance and local hotel rate statistics shown below.

 

 

The chart above shows the price performance of the Aquarious apartments during 2007.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The chart above shows the hotel room rates in the Sukhna region during the last few years.

If you to find out more about Aquarious click here.