Why Buy in Egypt

Egypt has every recognised element of successful investment. It is a stable country, politically and economically. Just this year the government ushered in radical changes to encourage foreign investment of freehold property. For the first time, more than $10bn of foreign direct investment flowed into the country.

Dubai developers have recently trailblazed Egypt’s emerging property market. Prices have risen by 50% in the last two years alone, and are set to double in the next three years.

The Egyptian Tourist Authority state over one million Britons visited in 2006, which poured a total of $7.6 billion dollars into the economy. Furthermore, their ad campaign ‘Gift of the Sun’ aims to attract 16 million visitors by 2014, which spells great news for rental potential. As for the future, Egypt and its neighbours have embarked on a ’Vision’ project to increase tourism to 150 million by 2020.

The Nile

Arguably the most famous and longest river in the world, The Nile is the source of countless myths and legends. Starting in Sudan, it flows through nine countries into Egypt via Aswan, through the agricultural heartlands, and north into Cairo. The oldest civilisations named it ‘Iteru’, and without it, their famous dynasties would not have prospered. Today, a Nile cruise is one of the most magical ways to take the pulse of Egypt and witness the spectacular historical sites.

Cairo

Cairo is simply one of the most exotic cities on earth. With street traders haggling 24 hours a day, camels and donkeys hauling wares amongst chaotic traffic, it truly never sleeps. Visit the Great Pyramids of Giza and Sphinx, ancient temples, Great Mosques, magnificent Muslim monuments and not least the Egyptian Antiquities Museum containing the treasures of Tutankhamun. Stay in luxurious Nileside hotels, such as The Four Seasons or Marriot, and explore the exuberant Cairo dining and nightlife, which is attracting the likes of Gordon Ramsey to the gourmet scene. Retail addicts will never tire of shopping in the Khan el-Khalili bazaar, which dates back to the 14th century. Stock up on gold jewellery and precious gems, perfumes, shoes and clothing, and of course that famous pure Egyptian cotton.

Luxor

The ancient sites of Luxor can only be described as one big open air museum. Located in the south, or ‘upper Egypt’ city of Luxor attracts year round cultural visitors to The Valley of the Kings, Karnak, Abu Simbel and Thebes. These are recognised as the best preserved monuments in the world. Day trips from Hurghada to Luxor are possible, but the sheer scale of sights and shopping cannot to it justice. Most visitors stay in five star Nileside hotels and explore the markets for souvenirs, take trips to Aswan and Lake Nasser while the lucky few may experience a dawn flight in a hot air balloon.