subject: Why Buy Property In Sharm El Sheikh? [print this page] Many people who buy property in Egypt choose to invest in this beautiful resort. Why is Sharm el Sheikh such a popular location for real estate in Egypt? Here are some of the major reasons why so many people are buying Egypt properties in Sharm el sheikh:
- The Currency exchange rate makes prices lower.
Because Sharm el Sheikh is an immature emerging market, property is incredibly cheap here compared to other western standards. Also, the Egyptian pound is currently very weak compared to the British pound, and so this makes the prices of Egypt properties even more affordable.
- There is a great opportunity for rental returns.
Sharm el Sheikh is an emerging holiday hotspot, and the tourism sector has done nothing but grow rapidly in recent times. Many resorts are currently being developed and the infrastructure of the areas is being improved. Sharm el Sheikh is destined to become even more of a travel favourite, and that is great news if you are hoping to rent out your real estate in Egypt.
- Property here is a great long term investment.
Sharm El Sheikh is still relatively unknown in real estate terms, but the demand is rapidly increasing which means that there is a good potential for return on investment.
- Living in Egypt means living tax-free.
There are no capital gains taxes or inheritance tax in Egypt, which can be a huge financial advantage.
- You can enjoy world-class diving anytime.
Living in Sharm El Sheikh means that you will be right next to the Red Sea, which is one of the most diverse and beautiful scuba diving locations in the world. Plunge beneath the waters to discover tropical coral reefs and hundreds of different species of brightly coloured tropical fish.
- You will live in an endless summer.
Living in Sharm El Sheikh means that you will enjoy year round sunshine, whether you spend your holidays here at your property or live here permanently.
- The Cost of living is cheap.
Compared to living in the UK, the daily cost of living here in Sharm El Sheikh is quite cheap.
These are just a few reasons why Sharm el Sheikh is such a popular location for investing in Egypt property. Whether you want to rent out your property, use it as a holiday home, or live in it all year round, consider looking for your new home in this gorgeous Red Sea location.
Sharm El Sheikh is one of the most popular locations for Egypt properties, for many reasons.
by: James P Martin
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