Egypt’s property market looks set to continue to perform strongly over the next 12 months according to a recent article.
The article published by Al Bawaba highlighted revival of Egypt’s economy and growing population as indicators of the country’s healthy property market.
Speaking ahead of a Next Move property exhibition, Ahmed Ghozzi, chairman of event organiser ACG-ITF explained how Egypt’s property sector had performed well over recent years and current market conditions would only encourage further growth:
“Egypt’s property markets have been performing exceptionally well over the past two years due to steady population and business growth,” he said.
“With incentives such as exemption from capital gains taxes, lower prices and close proximity to major European travel destinations, we can look forward to increased investment.”
This news certainly highlights Egypt as a promising market for canny property investors.