Egypt has continued to attract savvy investors who are taking advantage of the current exchange rate. Already a widely popular destination for property buyers, a temporary drop in the Egyptian pound has accelerated interest with many set to benefit from what has been described as a rare window of opportunity.
Egyptian property has gained significant popularity over the last few years due to low prices, an exceptional year round climate and a rapidly growing economy and tourist industry that have both prompted price growth.
The political revolution that occurred earlier in the year has only enhanced Egypt’s investment prospects for buyers who recognise the opportunities on offer. Not only has the exchange rate dropped offering better value, but the more democratic Egypt now enjoys less corruption, more transparency and greater respect for property rights which has improved the environment for property buyers further still.