Egypt still offers an attractive destination for overseas investors despite inflation issues, an overseas
property investment firm has stated.
According to Nick Marr, chief executive officer of HomesGoFast.com, opportunities for investment are still available due to low entry prices in the country.
"Property in Egypt can be acquired with little or no financing," he added. "Egypt is now over the worst of its inflation problems largely brought on by food prices."
Mr Marr also attributed a number of factors to the African country's increase in popularity.
Ease of access to areas such as Alexandria, Luxor and Hurghada through the use of low cost airlines was cited as a main reason, along with the existing infrastructure already in place due to "years" of tourism in the country.
According to the World Travel and Tourism Council, tourism in Egypt is expected to grow by 5.4 per cent per year over the next decade.
See Also: Property News (5994)
Date Published: 24 September 2008
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