Egypt Property Investment set to Increase

Popularity of Egyptian property is growing and among property investors and it is proposed that this trend will continue. Jones Lang LaSalle reports that positive attitudes abound in real estate investors at home and abroad.

With Saudi Arabia being first, Egypt is a close second for investor confidence, according to the Real Estate Investor Sentiment Survey. With a strong, growing economy and a large youth population, the demand for property investments is rising steadily.

Egypt’s prime location between Africa and Europe, with its easy business route, makes it a prime area and a much sought after investment. It is reported that every real estate sector is experiencing growth at this time and 2011 is expected to see the same trend.

Mike Geoghegan, CEO of HSBC, agrees with the experts, and believes in the great potential of the property market right now. He predicts that the next ten years there will be a continual increase as foreign investors take advantage of the marginal investment returns.

Hurghada, a city located on the shores of the Red Sea, has seen amazing growth over the past couple of years with large numbers of property developers building and selling property at very affordable prices.

The number of international tourists is high as well; reaching approximately 11 percent compared to about 5 percent in the UK as a whole. With such an influx of people visiting the natural beauty of Egypt and getting a sense of the strong economy, it is easy to have confidence in the potential of investing in Egypt.

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