Off Plan Property Egypt

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Off Plan Property in Egypt

Buying a property in Egypt until recently was only a pipedream for many; with no freehold titles available in many areas, lots of red tape and unstable political and economic factors. Now however things have changed especially in areas around the red Sea and the Sinai Peninsula.

The Egyptian government has opened the doors to international investment having seen what has happened in the United Arab Emirates and in particular in Dubai.

Growing Tourits Market 

Egypt has a a fairly established tourist industry principally based around the pyramids and cruises long the Nile and it was only a matter of time before the government realised that they could offer the international public so much more.

Red Sea Developments

Finally having taken the plunge, Egypt is seeing huge amounts of investment in areas along the Red Sea and on the Sinai Peninsula. Towns such as Hurghada have been at the forefront of new off plan development, the sleepy fishing industry and seasonal diving schools are being overtaken by construction projects, regular employment and an increased standard of living for the locals.

Sharm el Sheikh is another town that is seeing vast improvements in the area, with a growing number of off plan resort developments aimed at the tourist market, with a heavy emphasis on the scuba diving tourists who visit from all over the world to discover the stunning undersea world of the Red Sea.

Buying Property in Egypt

New legislative changes mean the foreign investors are allowed to buy freehold properties in many areas around Egypt. This has essentially opened the doors of the Egyptian real estate market and there will be many foreign buyers who will take a very serious look at relocating with their families or retiring to this stunning country.

Capital Growth

With prices in some areas rising 20-30% in the last two years and expected to achieve 15% in 2008, the capital growth in Egypt is worthy of your consideration. Rental yields are also healthy and likely to improve in coming years as more of the new off plan developments become completed.

FIND OFF PLAN PROPERTY, NEW DEVELOPMENTS & INVESTMENT PROPERTY IN EGYPT

8gentoffplan.com is the new off plan property listing portal of 8gent real estate Ltd allowing holiday home buyers and property investors to find off plan property and new developments in Egypt and establish direct contact with developers and promoters, not only in Egypt but in all corners of the globe.

All property developers and promoters on our Egyptian off plan property directory are keen to assist you in the purchase of your new apartment, villa or townhouse in Egypt. All off plan property advertisers are members of 8gentconnect.com™, an international network of real estate agents & property rental companies.

If you don't find your ideal Egypt off plan property on our database and wish to get in contact with local estate agents in Egypt, please visit http://www.8gentdirectory.com/eg, the largest global directory of independent estate agents.

For ready built holiday homes and second hand property for sale in Egypt visit our sister site of 8gentproperty.com™