Key Investor Benefits

The property market in Egypt is now regarded as a solid reality of the market. The demand for real estate is increasing largely for both the acquisition of holiday homes and pure investment. There are numerous reasons for choosing Egypt as a location where to invest money:

•  Warm desert climate with temperatures ranging from 20C in winter to 50C in summer creating a year-round tourist season and year round rental season.
• A unique mix of wealthy culture, beautiful beaches and golden deserts, along with being one of the best diving locations in the world.
• No VAT on property purchases | No Egyptian Inheritance Tax
• No capital gains tax | Low income tax
• Low cost of living and low maintenance costs.
• Cost of living in Egypt is around 20% of UK rates.
• Charges for title deeds and registration as low as 3%.
• Property annual appreciation of about 20%.
• Regular direct flights from most European destinations.
• Properties are highly rentable due to Egypt’s flourishing tourist industry.
• Strong economic growth and increased investment in infrastructure.

Why Invest

Egypt’s 2020 Vision
‘Tourism 2020 Vision’ is the World Tourism Organisation’s forecast of tourism in the first 20 years of the new millennium for every major tourist destination around the globe. It forecasts that Egypt will remain the Middle Eastern region’s largest tourist destination receiving country with over 17 million international tourist arrivals. The expected growth rate in international tourist arrivals for the period 1995 to 2020 is above the average for the Middle East and indeed for the world, at 7.4%. In fact a new airport terminal at Sharm El Sheikh International Airport is going to be constructed to take larger international flights - construction should take 4 years

The figures above also provided reassurance that there will be a hugh number of tourists in need of rental accommodation. Not only this but the weather in Egypt provides a year round tourist destination which is not greatly effected by seasons, therefore providing a year long rental season.

Egypt has 12.5 million visitors every year, almost a 3rd of them go to Sharm El Sheikh (4 million)

Buying in Egypt in the present time unlike in most areas of the world is a safe investment. Although the world economy is down especially in the real estate market in this part of the world we are still seeing an increase in real estate investment. As an emerging country Egypt was stated to be the 5th safest to invest in at the present time. The potential growth investment in Egypt is predicted in the next 5 years to be 20% from year to year. Property prices in Egypt remain low in comparison to Europe, and the area of the Red Sea in particular has seen a tremendous boom with all the expats moving to this part of the world and of course the increase in Egypt’s tourism brings millions of visitors that decided to eventually reside in the Red Sea or own a 2nd home.

Sharm El Sheikh Area Information

Egypt, a land with a history spanning 7000 years… and probably one of the oldest vacation spots in the world. ‘The Arab Republic of Egypt enjoys a prime location in the northeast corner of the African continent.

Egypt shares its boundary with the Mediterranean Sea in the North, Sudan in the South, Israel and Red Sea in the East.

The Nile runs for over 1,000 miles within Egypt. It divides the country into four broad regions. In the Western Desert, which occupies almost two-thirds of the total area, the Eastern Desert, the Sinai Peninsula, and the Nile Valley and Delta, which is the most densely populated region of the country.

Egypt enjoys year‐round sunshine, warm turquoise waters, heavily populated by marine life, and world famous historical sites. The Red Sea resorts are now receiving more visitors than the more traditional destinations of Luxor and Aswan.

The weather and the guaranteed sun all the year round play a key role in choosing Sharm as a holiday destination. In winter from November until March the temperatures during the day range from 25/38 and during the night 16/20. February is considered the coldest month. From April to October temperatures can rise to 45 degrees during the day and 35 at night. The climate is very dry and being close to the sea makes it excellent environment.

Large numbers of visitors holiday in Sharm el-Sheikh Bay, Naama Bay, Sharks Bay and Nabq Bay. The long beaches of fine sand already attract visitors and since the small town has grown rapidly, there are more and more tourists enjoying the charms of the place. Sharm El-Sheikh is a very modern cosmopolitan city with a well equipped international hospital. There are plenty of leisure facilities in Sharm El Sheikh - Aqua parks, shops, restaurants, bars, clubs, snorkelling, scuba diving, long range safaris, beaches and a wide range of reefs in fact Sharm El Sheikh is considered to be in the top 3 places in the world to dive.

In 2008 there were 40,000 hotel rooms with 10,000 more being constructed. This demonstrates that there is the demand. The hotels which are currently there include Hilton, Ritz Carlton, 4 Seasons, and Marriott.

Sharm El Sheikh is the only city in the world where there are two Hard Rock Cafes - 1 in Naama Bay and the other is being constructed in Nabq Bay.

Sharm El Sheikh is 30 km long and there is no room to for further construction to the North (Nabq Bay) and the south (Hadaba). Where Naqb Bay ends there is a national park, which is a protected area.

There is a hugh City Star shopping mall in Cairo, there will also be one constructed in Sharm El Sheikh. It will be one of the biggest shopping centres in the Middle East. The owner of the City Stars mall in Cairo is also part of the developers group.

Nabq Bay

Nabq is a stunning bay about 15 minute’s drive from the centre of Sharm El Sheikh. The resort is new and modern. Located here you will be spoilt with amazing views of land and the crystal blue coastline. Directly across from Nabq Bay is Tiran Island, and behind the resort is a majestic mountain range rising to biblical Mount Sinai.

This underdeveloped area is set to become the quickest area of growth in the Sinai Peninsular and is an ideal location for the purchase of a second home or to expand you present portfolio.

Nabq Bay is just 5 years old therefore everything is very well planned - the infrastructure and the roads. There is a group called Charming Sharm which is made up of the developers of the projects in Nabq Bay. This group maintains the look of Nabq Bay including planting on the roundabouts and side walks and even a cycle path.

The temperature in Nabq Bay is 3 degrees lower than Naama Bay this is due to its geographical location.

Sharks Bay

The Shark's Bay area in Egypt is on top of the list as a property investment.  Shark's Bay is not far from the lively Naama Bay area and only 5 minutes away from Sharm El Sheikh International Airport.

Shark's Bay is a small bay that is located north of Naama Bay. This Bay consists of a rugged shoreline that drops down below the surface to a sandy canyon. There are many crevices that contain numerous soft corals and many red fish.
 

Egypt Facts at a Glance

Geography

Capital City: Cairo (population - 17 million)
People: Eastern Hamitic (Egyptians, Bedouins, and Berbers) (99%); Greek, Nubian, Armenian, other European (primarily Italian and French) (1%)
Languages: Arabic (official), English widely understood
Religion(s): Muslim (mostly Sunni) (90%), Coptic Christian (9%) and other (1%)
Government: Republic

Located in Northern Africa, bordering the Mediterranean Sea, between Libya and the Gaza Strip, and the Red Sea north of Sudan, and includes the Asian Sinai Peninsula

Climate

Egypt is one of the hottest and sunniest countries in the world. With the exception of a strip about 80 km (50 miles) wide along the Mediterranean coast, Egypt has a desert climate, being entirely within the Sahara.

People
Area: 1,001,450 sq. km
Population: : 76.5 million (Census 2006)

Economy

Source www.fco.gov.uk

GDP: $129.8bn (2007)
GDP per head: $5,318 (US$ at PPP, est 2007)
Annual growth: 7.1%
Inflation: 14.4% (2008)
Major Industries: Agriculture, Manufacturing, Services, Tourism. Growth sectors include ICT, Construction.
Exchange rate: £1 = 10.61 Egyptian pounds (June 2008)

Visa Info

Obtaining a Visa: It is easy to stay in Egypt. When you first come you will get a one month tourist visa, the second time we will take you to the passport agency and will apply for a one year visa with transit. This means during the entire year you are allowed to travel back and forth without any additional costs. This is easily renewed each year. Approx. £20.
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