We are all about building residential properties here in Egypt and we are very excited to announce that we have just completed a sales promotion investment plan offering newly built apartments for all types of buyers. You can live full time, part time, or even make your own small business of holiday rentals. We have agreed sales opportunities of eight developments with a good cross section of size, location and price, with some 1500 units currently available in several locations.
Investing in Egypt.
Over the past few years significant inward investment from UAE, UK and the US totaling hundreds of billions of dollars is now benefiting Egypt and its economy, whilst capital growth in residential property continues apace as demand consistently, and doggedly, stays ahead of supply. In Hurghada, now a small city that has grown and developed from and around the fishing port, tourism is the main source of income. Consistent fine weather, warm, clear coastal waters, a healthy economy, and an amazing cost of living are the primary drivers that makes property investment in Hurghada very attractive. Our partner developers are harnessing the above and have created purchase plans that make very attractive fiscal opportunities. The ability to purchase off-plan, during the build through, means a canny investor can see capital growth from a purchase price without needing all the capital to fund it! This makes investment in Hurghada a very attractive proposition!! All this will be fully explained by the business teams at the various developers offices as they carefully identify the different advantages to each development. All our developer partners are carefully vetted and selected, and all their developments are legally secure: all having the correct and full paperwork required. Once again, full explanation of the legal certification will be covered by the business teams involved in each individual project. We are delighted to deal with individuals purchasing one unit for living in, or part-time personal use and part-time rental, as this can demonstrate significant advantages. But we are equally happy to explain the benefits of the block purchases of several units.The latter proposition can show that a package of four or five units, purchased off plan, can show almost sufficient capital growth on the purchase price, that if one was retained whilst the others were sold nearing completion and hand over of the keys, then the pre tax profit from the purchase and sale of most of the portfolio could demonstrate an almost cost-free investment in the remaining unit.