Egypt property prices to increase at steady rate
Now could be the best time to invest in the Egyptian property market, recent news articles suggest, with prices expected to rise steadily over the next five years.
Articles for Buy Association and propertyabroad.com quote a recent study by investment consultancy Markaz which projects that the prices of property in Egypt to increase by 6% per annum up to 2015.
According to property-abroad.com, because Eqypt continued to experience economic growth throughout the economic downturn, the country is attracting strong interest from property investors, with the Red Sea resorts proving particularly appealing with quality property at low prices on offer.
Property-abroad.com cite Egypt as one of the best overseas property investment hotspots for the foreseeable future with low property prices combined with rapid population and economic growth presenting Egypt as a tempting investment opportunity.
Sources: Buy Association and property-abroad.com