Below you will find simple answers to some initial doubts and most frequently asked questions by our investors when you consider purchasing an Egypt property.
Yes, all foreign nationals are entitled to own property in Egypt. The government has recently streamlined procedures and introduced incentives to make operating in Egypt relatively simple and advantageous for overseas investors.
Egypt offers stunning natural features and a rich history and culture that will never fail to attract visitors looking for an interesting medium haul destination, only 5 hours flight from the UK. The property investment climate in Egypt has never been better and returns of between 20 and 30%, commonplace over recent years, look set to continue.
Egypt’s economy is reassuringly stable and the country shows great potential for those who buy property in Egypt now, while prices remain very low. Increased investment in the tourism sector and new and existing infrastructures as a whole will ensure that your property purchase is a profitable one.
Despite unrest in recent years, Egypt’s political situation today is stable and a completely democratic republic is expected within the near future. This bodes well for the country as a whole and puts Egypt firmly back onto the tourist map. Egypt’s political system currently receives much needed financial support from the US which is helping to project the country into a new era of optimism.
Economically, Egypt’s emerging property market and established tourist industry look set to complement eachother perfectly. The Egyptian government is committed to encouraging much needed foreign investment through political reforms which are boosting the economy to new levels.
There are many airlines serving Egypt from the UK. New services and fares are constantly being added to their routes, so you should refer to the following airlines for more details:
With some restrictions all borders are now open to Egypt.
From Israel: Private cars are not permitted to enter Egypt from Israel. However public transport is available via Rafah on the northern coast of Sinai or from Eilat on the Red Sea. Buses run regularly from Tel Aviv and Jerusalem to the border at Rafah. Passengers go on foot from an Israeli vehicle, go through customs, then take an Egyptian bus or taxi. Remember that there are no facilities for issuing visas at the Rafah border. In Eilat, Israeli buses are permitted to enter Egypt and travel as far as Sharm el Shaykh at the southern tip of the Sinai.
From Sudan: There is a twice-weekly car ferry that runs the length of Lake Nasser, from Wadi Halfa in the Sudan to Aswan in Egypt. Information is available from the Nile Navigation Company Limited, Ramses Square (in the train station), and Nile Maritime Agency, 8 Quasr el Nil, both in Cairo or the Nile Company for River Transport, 7 Atlas Building, Aswan. All arrangements to enter Sudan, including visas, must be made in Cairo. You will need a valid passport and either a transit or tourist visa to Sudan. If you plan to pass through Sudan you must have a visa for your next destination.
Visas are required for entry to Egypt. EU nationals travelling to Sharm El-Sheikh, Dahab, Newiba and Taba for up to 14 days receive a free visa stamp in their passports upon arrival. Tourist visas for Egypt can often be obtained upon arrival in Egypt for citizens of most countries, otherwise a visa will need to be applied for. Work visas are also required for renewable periods of 12 months.
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