Despite the overseas property market facing serious decline, just as with the domestic market, apartments in Egypt are still selling at a steady rate and still represent a good investment opportunity.
London, UK, April 08, 2009 — Whilst some overseas property markets have seen years of spectacular growth hit a brick wall in the form of a world recession recently, most notably Dubai and Spain, Egypt still manages to attract property investors.
Amanda Clarke, MD of Egyptian property agents Uncover Egypt explains: “Whilst sales figures have possibly peaked there still exists a gap between supply and demand in the Egypt property market, predominantly for apartments in Egypt which are still very affordable for UK and European buyers.”
In Egypt financing property purchases is not so heavily debt based as often buyers purchase form surplus liquid funds. Also the sums of money are considerably less than for buying property in the UK for instance, so credit when needed is more easily available than other countries such as Dubai or Spain where property prices are closer to domestic UK house prices.
Several major property projects on the Red Sea coast have helped to elevate Egypt’s status as a prime investment opportunity.
Another factor in Egypt’s favour is its increasing favour as a tourist destination ensuring that rental yields for Egypt apartments will continue to be favourable for investors.
To find out more about Egypt apartments for sale visit www.uncoveregypt.com.
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Contact :
Amanda Clarke
Uncover Egypt
2nd Floor
145-157 St John Street
London EC1V 4PY
0800 980 2316
[email protected]
http://www.uncoveregypt.com
