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News: Egypt BTL boost

Wed, 04 Jun 08

A new UN report has highlighted some positive things about Egypt’s investment prospects...

 

The report from the UN’s World Tourism Organisation (WTO) revealed that tourist levels in Egypt increased by 20 per cent during 2007, which has in turn increased demand for property

Marion Isom of La Siesta Tourism and Real Estate Services, explained: "This is excellent news for the buy-to-let market. 

 

“Tourism figures always have an effect on the property market of a region and this rapid growth in interest in this amazing country is a welcome step forward.

”Property seekers could also benefit from moves by the government to encourage financial input, resulting in tax incentives for foreign investment”.



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