The market of the real estate in Egypt

During whole year Egypt offers the visitors sun weather, huge historical wealth originating in 3.200 year BC, resort zones of a world class. Warm waters of Mediterranean Sea and coral reeves of Red sea involve tourists from all over the world. There is guarantee of low taxes in the country. In 2006 economic growth of Egypt was 6 %, this year under forecasts it will almost 7 %. All this things are able after flight for four hours from Europe.
Knowing these factors no wonder that the Egyptian market of the real estate is starting to gain in strength. Only last year the country had visited about 9 million vacationerS, and till 2010 Egypt expects to 16 million tourists from all over the world. The real estate market offers buyers the large possibilities, both in the sphere of investments, and in rest sphere. The real estate in Egypt involves more and more foreign buyers who would like to get the real estate in the exotic, historical and beautiful country with a warm climate.
Despite the growing popularity, real estate purchase in Egypt is considered the most attractive in the world. According to data of the tourism ministry, in separate regions prices for last 2 years have increased on 50 %. Also in Egypt the percent of return investments is high- to 20 % a year whereas in the Great Britain it is from 4 to 6 %. Despite the raised demand, in whole the prices for the real estate correspond to the status of Egypt, as new participant in the real estate market. On the average the apartment with 2 bedrooms in prestigious area costs from 20.000 euros. However the prices grow.

Since 2004 the government of Egypt, achieving economic growth, has lead a number of reforms in the field of customs and tax gathering and privatizations. The developed favorable economic climate stimulated investments of foreign capitals in the real estate in Egypt. Today some of the large international building companies have become interested in the Egyptian market, and buyers from all countries of the world consider Egypt as safe and stable object for investments.
As a whole, prospects of the market of the real estate in Egypt positive. Egypt is in friendship with many leading countries of the world and is politically stable. Owing to a number of the governmental initiatives, the economic policy is directed on attraction of investments of middle class of Egyptians, also offers foreign investors wider market for capital investments in the Egyptian real estate, than before.

Investors who today invest the capital in the real estate in Egypt, by the right it is possible to name trailblazers. However, considering the confident desire of the Egyptian government in economic prosperity and increase in tourism, these purchases it is guaranteed will make for the owners intermediate term profit. And some exclusive, modern projects which are under construction on all country, are capable to be repaid immediately.

To put in the real estate in Hurgada it is favourable, as:
The Prices for apartments low, from 15.000 euros.
Provisional growth of the annual income 20-30%.
Taxes to the real estate below, than in the Europe.
Absence of the tax to increase in market cost of the capital...
Constant growth of number of tourists.
The country is politically stable.
The big economic growth, internal investments create a favorable investment climate.
The Low prices for food stuffs and service of habitation.
A convenient air communication with the countries of the Europe.
Tourist service is well organized.
A unique natural landscape.
A warm climate.