Egypt recommended to investors

Overseas property buyers have been advised to consider potential investment opportunities in Egypt.

According to Homes Overseas magazine, the African nation currently offers relatively low house prices.

However, the publication stated that the country is currently experiencing considerable growth in its tourist sector, a development which is having an impact on its rental market.

As a result, demand for housing in the most desirable and popular tourist locations in on the rise, triggering a surge in property values.

This means that foreign investors could find that their purchase will soon be worth more than the amount they originally paid.

Homes Overseas commented: "Egyptian property prices remain unbelievably low, although they are expected to rise during the forseeable."

This comes after Paul Collins of the BuyAssociation website revealed that the amount of interest in tourist property in Egypt is increasing all the time, particularly in areas such as Sharm El Sheikh.