Recession, what recession? Egypt is not participating in any sort of recession. In-fact Egypt’s economy is not only strong, it is BOOMING. Tourism, Real Estate and the economy in general in Egypt is rolling ahead at a rapid rate. Egypt’s government continues to encourage investment by dropping the minimum deposit on houses and relaxing foreign investment red tape.
Housing is still very cheap in Egypt from our perspective and the opportunity for large capital gains is real. For big thinkers, experienced property investors and risk takers the unlikely location in Egypt during these interesting times could be an amazing story of riches around a camp fire in a few years time. You were in the right place at the right time and took the chance. Of course next to no-one in the “West” knows about the current opportunities over there. Not unless you read this amazing Blog ðŸ™‚ or you are a thorough student of the game.
This video gives you a bit more of a run down:
Of course before you make the decision to go investing overseas in the Egyptian market or any overseas market for that matter please make sure you do your due diligence. Tax laws are different, fees are different, ownership law is different, long distance management is a challenge and good property managers are hard to come by. So please check with your Accountant and Lawyer as to your personal position and the specifics before moving forward. A great company that can help you with overseas investment is here: http://www.propertyshowrooms.com/real-estate-services/
Always bringing you our updates, adventures and something a bit different.
To your Ultimate Lifestyle.
Aaron and Craig.