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Egypt an 'emerging market' for investors

Article Date : Wednesday, March 21, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Investors looking to make a healthy profit from overseas property investment should look to newly developing markets where demand outweighs supply, such as Egypt.

This is the view of Adrian McDermott, managing director of Escapes2, who said that countries where the economy is expanding and the government welcomes foreign investment represent the best opportunities for buyers.

"Every market has supply and demand cycles. So the key for investors is the need to spot a country where demand is rising and supply is limited," he commented.

He said that Egypt is one of these emerging markets and remarked that investors have been keen to return to that country to augment their portfolios.

"If you can find a country such as that, get in there in the early stages and then you will tend to make a good return on your capital in the majority of cases," he added.

Experts at the recent Homebuyer Show said that the most popular location in Egypt for investors is along the Red Sea coast, especially Sharm El Sheikh.
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