Egypt
Why invest in property in Egypt?
Egypt is a rapidly emerging property market as well as a popular UK holiday destination.
• British residents avoid inheritance tax on Egyptian properties.
• Egypt has no capital gain tax or V.A.T only £ 200 Land registry.
• 0% tax on bank interest.
• Foreign investors are regarded by the government as a big investment opportunity. As such they have made laws streamlined to simplify the purchase process.
• Low cost of living example petrol 10 pence a litre.
Cost of living is inexpensive and exchange rates to Egyptian pound are excellent.
• Direct flights from UK airports. To Luxor, Hurghada & Marsa Alam International airports.
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Holiday in Egypt
A destination growing in popularity........ Whilst the number of overseas holidays taken by British has increased by around 5% since 2000, visits to Egypt have increased by over 33% with 345,000 visits to the country by UK residents in 2004.
• Year round sunshine hot and dry and not humid.
• Property prices are low and flights are frequent and easy from UK
Information last updated: 4:2:33 on 27 September 2008