Real Estate & Property Investment News in Egypt from Propertyshowrooms.com

Hurghada 'offers irresistible combination'

Wed, 1 Oct 2008 00:00:00 GMT

The Egyptian resort of Hurghada offers UK investors an ideal location in which to invest, it has been stated.

Nick Marr, the chief executive officer for overseas property portal Homesgofast, said of the resort: "Low prices and an area with its own airport make Hurghada an irresistible combination for UK investors....

Egypt shares bounce back on US rescue moves

Sun, 21 Sep 2008 00:00:00 GMT

Egypt's key CASE-30 stock index soared 8.39 percent on Sunday, the first day of trading since the US said it would pump billions of dollars into the crisis-hit world economy...

Armani will design villas for Dubai developer’s project in Egypt

Wed, 3 Sep 2008 00:00:00 GMT

Giorgio Armani’s next project with Emaar Properties will be the Armani Residences in Marassi, the Dubai-based developer’s massive master-planned project in Egypt. A $1.74 billion residential...

Egypt 'offers non-eurozone advantages'

Thu, 28 Aug 2008 00:00:00 GMT

Those buying overseas property may be financially much better off by looking outside the eurozone, it has been suggested.

Egyptian property developer West Side Village has suggested that the north African country is a good example of how better value can be achieved, noting that at present the euro is trading at EUR1....

National Bank of Abu Dhabi unit acquires 70% stake in Egypt's Al Salam

Wed, 20 Aug 2008 00:00:00 GMT

The National Bank of Abu Dhabi (NBAD) said its equities brokerage unit has successfully completed a deal to acquire 70 per cent shareholding in the Egyptian Al Salam Brokerage firm...

Egyptian house prices praised by expat

Tue, 19 Aug 2008 00:00:00 GMT

An expatriate from the UK has praised the relative affordability of luxury homes in Egypt.

According to Mark Millson, originally from Aberdeen, property buyers can far more for their money in the African nation....

UK bank gets Egypt investment

Mon, 18 Aug 2008 00:00:00 GMT

Panmure Gordon, the British stockbroker and investment bank, announces a large Egyptian bank will buy a share in its business...

EFG-Hermes Enters Kuwaiti Market

Mon, 18 Aug 2008 00:00:00 GMT

EFG-Hermes, the leading investment bank in the Arab world, announced that it has entered the highly promising Kuwaiti market through a strategic partnership with Kuwait Invest Holding Company whereby...

Egypt attracts more British visitors

Thu, 14 Aug 2008 00:00:00 GMT

British consumers are increasingly booking trips to non-eurozone destinations such as Egypt.

Figures from Thomas Cook showed that the north African country is proving to be particularly popular with those who plan to head abroad later this year....

Egypt 'offers affordable house prices'

Tue, 12 Aug 2008 00:00:00 GMT

Analysts at Amberlamb have praised Egypt for offering relatively low property values.

According to the organisation, foreign property buyers can snap up a residence in Sharm el-Sheikh for as little as £120,000....

House prices on the up in Egypt

Mon, 11 Aug 2008 00:00:00 GMT

Owners of property in Egypt may be able to make a healthy profit if they sell up at a future date.

Al-Ahram Weekly has revealed that the country is attracting more and more interest from second home buyers across the world....

Calzaghe seeks capital gains abroad

Tue, 5 Aug 2008 00:00:00 GMT

Boxing star Joe Calzaghe has revealed his intention to collect strong capital gains from his foreign investments.

The Welsh sportsman, who has held the WBO super-middleweight belt for more than a decade, has built up an extensive portfolio of overseas properties in recent years....

Dubai Group Plans More Purchases

Tue, 5 Aug 2008 00:00:00 GMT

The Dubai Group has plans for more regional strategic acquisitions after acquiring a 5.24 per cent stake in Commercial International Bank (CIB) for Dh580 million, Tom Volpe, CEO of Dubai Group, said...

Egypt to establish steel and cement companies

Tue, 5 Aug 2008 00:00:00 GMT

(Arabic) Egypt has allocated EGP35 billion to establish steel and cement companies...

Egypt Plans $7B Foreign Invest In Oil, Gas Exploration -Report

Mon, 4 Aug 2008 00:00:00 GMT

Monday, Aug 04, 2008 BEIRUT (Zawya Dow Jones)--Egypt plans to implement a program for oil and gas exploration and development in fiscal year 2008-2009 with total foreign investments of $7 billion...

Besix Awarded Wastewater Plants In Abu Dhabi

Mon, 4 Aug 2008 00:00:00 GMT

(Arabic) Orascom's Besix has signed a EUR525 million JV with VEOLA water to construct and operate two new wastewater treatment plants for Abu Dhabi and Al Ain in the UAE...

Egyptian economy tipped to grow

Fri, 25 Jul 2008 00:00:00 GMT

Egypt's gross domestic product (GDP) could increase by as much as 6.8 per cent over the next year, experts have predicted.

Reuters carried out a poll of leading economists in order to determine how much the country's economy is likely to expand in the 2008-09 fiscal year....

Egypt attracts foreign investors

Tue, 22 Jul 2008 00:00:00 GMT

More and more foreign property investors are choosing to enter the Egyptian market, it has been revealed.

According to Property Wire, the African country is proving to be very popular because it offers relatively low house prices....

Egyptian mortgage market catching up with booming property market

Fri, 18 Jul 2008 00:00:00 GMT

The amount of mortgage finance in Egypt is expected to double in the next year as it catches up with the country's booming property market...

Britons seek good value in Egypt

Wed, 16 Jul 2008 00:00:00 GMT

Egypt is widely seen as a good value alternative to traditional holiday spots in Europe, it has been revealed.

Online travel agency Lastminute.com has seen a surge in the number of bookings to the north African country in the last few months, which it believes is partly due to the strong euro, reports Holiday Extras....

Sorouh and OCI to establish a new construction firm

Wed, 16 Jul 2008 00:00:00 GMT

(Arabic) UAE' Sorouh Real Estate has entered into a $80 million JV with Egypt's Orascom Construction Industries and will own 50% of its stake...

Egypt recommended to investors

Fri, 11 Jul 2008 00:00:00 GMT

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....

UK tourists flock to Egypt

Wed, 9 Jul 2008 00:00:00 GMT

Overseas property investors could find themselves in line to benefit from growth in the Egyptian rental market.

According to Co-operative Travel, the north African country is becoming more and more popular with holidaymakers from the UK....

Egypt's CIB to take full ownership of CI Capital

Sun, 29 Jun 2008 00:00:00 GMT

[ARABIC] Commercial International Bank will acquire 50% of shares in CI Capital to become the full owner of the company...

New transport link to Sharm el Sheikh

Wed, 11 Jun 2008 00:00:00 GMT

Low-cost airline Jet2 has announced that it is to offer a new series of flights direct from Leeds Bradford International Airport to the sunny Egyptian resort of Sharm el Sheikh next year.

In what could be good news for those who own investment property in Egypt, the resort, with its warm climate, ample history and beautiful coral reefs, will now be even more accessible for British tourists....

Emerging markets attract British buyers

Wed, 28 May 2008 00:00:00 GMT

Property investors in the UK are increasingly looking to less-established foreign markets, according to a media report.

The Metro stated that a growing number of people are snapping up houses in places such as Egypt, Brazil and the Cape Verde islands....

Egypt's tourism on the up, says report

Fri, 23 May 2008 00:00:00 GMT

A new report from the United Nations' World Tourism Organisation could be good news for anyone considering investing in property in Egypt.

It has been revealed that tourist levels in Egypt increased by 20 per cent during 2007, which has increased demand for property, reports Homes Overseas....

Tourism draws investors to Egypt

Wed, 14 May 2008 00:00:00 GMT

The popularity of Egypt as a holiday destination is having a positive effect on its housing market, an expert has revealed.

Paul Collins, property editor at BuyAssociation, said the amount of interest in tourist property in Egypt is increasing all the time....

Egyptian tourism set to boost rental demand

Wed, 14 May 2008 00:00:00 GMT

Rental accommodation in Egypt is set to be in strong demand this summer, it has emerged.

According to TUI Travel, the north African country is proving to be one of the most popular destinations for British holidaymakers this year....

Egypt 'offers strong investment potential'

Tue, 13 May 2008 00:00:00 GMT

Overseas property investors could benefit from continued growth in the Egyptian market, an expert has stated.

According to Paul Collins of BuyAssociation, the north African country is very popular with buyers in western European countries such as France, Italy and the UK....

Egypt recommended to British tourists

Fri, 9 May 2008 00:00:00 GMT

British consumers who want to avoid the eurozone this year have been advised to visit Egypt.

The north African country was flagged up by the Guardian as a possible destination for holidaymakers who wish to take advantage of more favourable exchange rates....

Egyptian tourist accommodation to be in demand

Wed, 30 Apr 2008 00:00:00 GMT

Owners of rental accommodation in Egypt could be set for a lucrative summer, new figures suggest.

Research by Cheapflights.co.uk shows that interest in the resort of Sharm El Sheikh is currently 50 per cent higher than it was 12 months ago....

Save money outside eurozone, tourists are told

Mon, 28 Apr 2008 00:00:00 GMT

British consumers have been advised to consider heading outside the eurozone for their summer holidays.

Holiday-Rentals stated that if leisure travellers visit countries which are not in the single European currency, they could get more for their money....

Britons escape for sunnier climes

Fri, 28 Mar 2008 00:00:00 GMT

A large number of people from the UK are set to fly to hot and sunny locations overseas next month, a travel firm has revealed.

Lastminute.com stated that some schools are offering staggered school holidays because Easter was relatively early this year....

Investors in Egypt to be boosted by tourism

Tue, 4 Mar 2008 00:00:00 GMT

Egypt's popularity among holidaymakers from the UK could potentially boost its investment potential.

According to the Association of British Travel Agents, the north African country is likely to attract a significant number of UK tourists in 2008....

Top Sports Star Recommends Egyptian Property

Tue, 12 Feb 2008 00:00:00 GMT

A leading sports star has outlined his reasons for choosing to invest in the Egyptian property market.

Top boxer Joe Calzaghe told the Western Mail that he had become more and more interested in buying foreign property since watching a television show on the topic three years ago....

Germans 'take holidays in Egypt'

Wed, 23 Jan 2008 00:00:00 GMT

Egypt is becoming an increasingly popular holiday destination among German leisure travellers, new research has found.

A survey by Urlaub Perfekt magazine found that the north African country was becoming a hotspot for holidaymakers from Germany....

UK Tourists Head For Egypt

Mon, 14 Jan 2008 00:00:00 GMT

Many British holidaymakers are choosing to leave Europe in search of some winter sun, it has been revealed.

Online travel agency Lastminute.com said that countries such as Egypt were proving to be highly popular with those who wanted warm temperatures in January, as it had guaranteed sunshine all year round....

Investors 'should buy Egyptian property'

Thu, 3 Jan 2008 00:00:00 GMT

Property investors in search of warm weather have been advised to consider purchasing a home in Egypt.

The country was highlighted by the BuyAssociation website as a location that offered that offered guaranteed sunshine all year round....

Egypt attracts Christmas tourists

Fri, 21 Dec 2007 00:00:00 GMT

Overseas property investors could be set to benefit from a strong tourist trade in Egypt over Christmas.

According to Chris Sanders, head of aviation development at Newcastle Airport, the north African country is highly popular among Britons....

North Africa recommended to winter sun-seekers

Mon, 26 Nov 2007 00:00:00 GMT

Holidaymakers who want to experience warm temperatures this winter have been advised to visit North Africa.

The region was highlighted by the Sun newspaper as a place that warm temperatures all-year-round....

Egypt 'popular with investors'

Thu, 8 Nov 2007 00:00:00 GMT

Overseas investors are increasingly choosing to purchase property in Egypt, according to an expert.

Paul Collins from the BuyAssociation website highlighted the growing popularity of the north African country, attributing it partly to its good weather....

Egypt records increase in visitor numbers

Tue, 9 Oct 2007 00:00:00 GMT

The number of people choosing to take their holidays in Egypt has gone up this year, according to new figures.

Official figures cited by state news agency Mena showed that tourist numbers rose to 9....

Egypt recommended to winter sunseekers

Thu, 27 Sep 2007 00:00:00 GMT

Aspiring property investors have been advised to enter the Egyptian market in order to enjoy sunny weather over winter.

UK newspaper the Telegraph said that the country offered sunshine and warm temperatures all year round, making it ideal for people hoping to get away over the holiday season at the end of the year....

Overseas retirement boosted by improved flights

Mon, 9 Jul 2007 00:00:00 GMT

The increased availability of better air travel is helping fuel an increase in overseas retirement, giving many property investors the opportunity to fly abroad at their own convenience.

Research carried out by Saga suggests that the availability of good long-haul flights is making retirement in supposedly "far flung" destinations more of a reality for many Brits, taking advantage of better global air travel links....

Egypt an 'emerging market' for investors

Wed, 21 Mar 2007 00:00:00 GMT

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.

Egypt offers excellent returns, says expert

Fri, 16 Mar 2007 00:00:00 GMT

The property market in Egypt is expected to grow considerably over the next few years, one expert has said.

According to Jeannette Bradbury, managing director of Egyptian Experience, overseas homes in Egypt are set to be a top property investment for UK investors....

10% Discount for IPIN members at Ocean Breeze!

Wed, 17 Jan 2007 00:00:00 GMT

We are thrilled to announce a special discount of 10% off on all listed prices, on the stunning seaside Ocean Breeze project on the Sahl Hasheesh resort, in Egypt. This discount is available for a limited time only and investors are urged to take up this opportunity before prices go up by either securing a unit now, or committing to one of the fantastic inspection trip packages available to all IPIN members...

Egypt’s Sahl Hasheesh – World Class Luxury at a Snip

Wed, 20 Dec 2006 00:00:00 GMT

Egypt is the kind of exotic location that captures the imagination of visitors dreaming of breathtaking desert scapes, sun kissed beaches and a rich, mysterious culture dating back for centuries. However, Agatha Christie-style tours of ancient sites are being replaced by current favourites at beach and activity resorts on the Mediterranean and Red Sea coasts.