Thu, 10 Jan 08
The Credit Crunch and Sub-Prime lending crisis dominated the headlines in Europe and the
The emerging markets in the Middle East and North Africa region are the new place to invest, and with various reforms undertaken during last year to make the country more receptive to Foreign Direct Investment (FDI),
Middle Eastern equities remained relatively unaffected as bank stocks in Europe and the
Increased supply of luxury properties
Real Estate is becoming an increasingly focal investment sector in the Egyptian economy. The introduction of mortgage finance in
Similarly, it has changed the dynamic of the property industry allowing for an increased supply of luxury resort style properties and ensuring that investors will see a strong return on their investment as the provision of finance allows prices to rise reflecting the increasing demand.
The housing market in
For single international investors, the domestic housing market is still in its infancy and as a result will be slow to yield returns as they will be tied to domestic wealth. However, benefits can be seen in large scale investment into this area as a result of the sheer volume requirements.
Rental market ‘evolving’
Conversely, resort style and luxury property continue to benefit from Egypt’s drive to increase tourist numbers, sustaining tourism as one of the main pillars of the Egyptian economy, allowing the rental market to evolve and pushing up demand Internationally and amongst the wealthy Egyptian community.
With increasing investment into the country and the fact that it is not a credit based society, there is much to benefit international buyers, not to mention the low cost of living and maintenance meaning that it is a sustainable investment.
For more information, please visit: http://www.ancientsandsresort.com
Back to: News Index