It’s the Gift of the Nile. And with wise investing, it can keep on giving. Egypt is the consummate exotic getaway, rife with some of the planet’s richest history and most scintillating culture. Tourism flow is constant, the economy is booming, and the government has never been stronger. With the future of history’s jewel so bright, the time to invest in Egyptian property is now.
Over sandy dunes and through regal valleys, the Sinai Peninsula meets the Red Sea to form some of the most majestic beaches on earth. And situated on their shores are luxury resorts just waiting to make you money. In Shark’s Bay, Egypt’s flocked-to premiere diving capital, the Savanna Sharm Resort is a pharaoh’s find. With up to 20% capital growth annually on investment property and a slew of tax benefits from no capital gains tax to no inheritance tax, Savanna Sharm is one of the nation’s tourist treasures and an investment opportunity well worth pursuing.
Another wonder of the investment world can be found in the Samra Bay Marina & Spa Resort. Located in the unique coastal city of Hurghada, Samra Bay offers excellent capital growth potential. Priced as low as £1000 per sqm, you’ll have plenty left over to spend along the Golden Mile, the exclusive beachfront promenade a short walk from the resort. Payment is advantageous and handled by an escrow agent, with 40% on signature, 20% after 1 year, and 40% after delivery. With doors slated to open in 2011, delivery and returns are anything but mummified.
Also in Hurghada are the Ocean Breeze Resort and the Oasis Marina, both aptly named and sure to be a property sale you’ll treasure above all others. Located right on the beach and steps from the newly-built Sahl Hasheesh marina, they’re sure to draw sportsmen and sunbathers alike. And with a 5 year 8% rental guarantee, flexible payment plans, and 8 full weeks per year of person investor use, there’s no reason you shouldn’t be drawn, too.
Ancient Egypt gave the world some of its most coveted properties. You can help modern Egypt usher in the newest. (And unlike the pyramids, getting into these is so much easier.)
Filed under: Egypt, Hurghada, Investment, Property, Real Estate, Red Sea, Sharm el Sheikh Tagged: | Egypt, Hurghada, International property, Overseas Property, Property development, Property Investment, Property ownership, Red Sea, Resort, Sharm el Sheikh, Spa, spa resort
