Egypt is known as emerging property market and popular tourism destination. The most popular areas for investments are Red Sea Riviera resorts: Hurghada, El-Gouna, Sharm el-Sheikh and the largest Egyptian city – Cairo.    

Egyptian property market in 2008

Despite the global financial crisis, the demand for Egyptian property remains strong. With low property prices, low cost of living, low taxation and all year round season Egypt is one of the most popular countries for buying property abroad.

Advantages of Egypt’s real estate market:

• Established rental market;
• All year round season;
• Low property prices.

Disadvantages of Egypt’s real estate market:  

• The demand for property from residents is low (Much of the country lives in poverty);
• The quality of the constructions is poor;
• Most Egyptian properties are not registered in the Egypt’s Land Registry;
• There are some restrictions for buying and selling properties in Egypt.