Egypt marvels at its historical significance in shaping the destiny's of modern countries. With natural wonders, like The Pyramids, as its jewel in the Egyptian crown, the country basks in the glory of the world's longest river The Nile. With historic architectural marvels in the country inspiring the modern architects and designers from all over the world, the Egyptian real estate market is destined for massive growth.

Though a Muslim country, this North African nation is more advanced than most of the traditional Muslim countries, and it is this contemporary modern outlook of the nation that attracts property investors from all nationalities and international business houses as well as individuals investors.

Buying Property in Egypt

For quite some time now, Egypt has struggled to find its feet in the vast global real estate market. This has been largely due to lax governments in the countries recent past that failed to realize the tourism potential of the country, nor did they pay attention to developing the investment friendly infrastructure of the country. But things are changing for the better thanks to the recent government initiatives aimed at attracting maximum tourism exposure for the country.

To this end, peace and political stability are the biggest platform from which the Egyptian government plans to launch an aggressive marketing campaign to lure serious real estate and property investments in the country. Egypt has largely remained unaffected by the influence of Islamic fundamentalism that have caused problems for many of the beautiful Islamic countries throughout the Asian continent and now is enjoying a steady increase in its economic development.

In order to reap maximum benefit from the changed global order, the Egyptian government has chosen the path of development through friendly relations with developed countries, like America and the UK. This has resulted in large scale investment queries from several European countries. The Brits particularly like the metropolitan lifestyle of certain cities, like the capital city of Cairo, and the similar culture and traditions due to the country's close proximity to Europe.

The government has also relaxed several rules governing the ownership of real estate and property by foreigners in the country. This has attracted the interest of global real estate players like Dubai's EMAAR and DAMAC groups that are developing major residential townships in the cities of Cairo, Hurghada, and the Gamsha Bay. These townships are expected to bring in lots of investment to the region from every segment of investor. Primarily residential townships, the commercial and industrial aspect from the rising demand cannot be ignored. Thus, there's room for every investor in Egypt!

In addition, the government is also working towards making Egypt one of the top tourist destinations in the world by 2011. The all-round efforts by the government are visible from the collaboration of Egyptian government with the World Travel and Tourism Council (WTTC).

The best places to invest in Egypt include the coastal resort towns of Alexandria, El Alamein, Ain Soukhna, Sharm el Sheikh, El Gouna, Safaga, and Marsa Alam. You can also look forward to owning 5-star luxury apartments at Hurghada for anywhere between £15K to £25K.

Why Invest in Property in Egypt?

Besides the above-stated factors, there are many other reasons for a property investor to seriously consider investing in the land of Pyramids-

• The Mediterranean Sea and Red Sea assure that the coastal lifestyle in Egypt is never short of thrill and adventure. Miles of pristine beaches assure that the place is always bubbling with tourists. Red Sea Riviera represents hundreds of miles of unspoilt desert coastline dotted with a few upmarket resorts. And resultantly, the rental income from resort property is too lucrative for any investor to ignore.

• The economy of Egypt is on the upswing thanks to the sustained government efforts. This stability and growth creates a feel-good factor about the country's overall growth potential that drives the real estate investment in Egypt.

• The country's climate has everything to lure any would be investor who is looking for a positive return on their investment or a relaxed retired lifestyle enjoying sun during most part of the year.

• If you are looking for a business investment property in Egypt, there's good news! The government is placing immense importance to the Foreign Direct Investment (FDI) and has elaborate plans in place to welcome offshore business houses looking to take advantage of lower standards of taxation in Egypt.

• The proximity to Europe ensures cheap regular flights to and from the country to the major European capitals and other international cities.

• The country has some of the best hotel chains in the region. The hospitality of Egypt is also one of the highlights for potential investors in the country.

• Egypt has no dearth of luxury villas and mansions, if that is what you are looking for. In fact, if you can afford, these luxury properties then it is certainly worth consideration as the can be secured for a comparatively low cost of investment. And considering the high earning potential of property in Egypt, your investment is sure to give maximum return whenever you decide to sell the property.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

Government Foreclosures - Don't Mess With The IRS
An IRS audit will cover all sorts of interesting things; but the actual, as opposed to the declared, amount of a filer's income is the one with which the IRS is most concerned. When an audit shows that someone earned far more income than he or she has declared, there will be both back taxes and ... more...

The Benefits Of Finding A Government Foreclosure
You might wonder how our government ends up owning so many homes. The truth is that there are millions of homes that have been foreclosed on, and owned by our government. You can often get a good buy on a government foreclosure. It's not that our government wants to own these homes, the truth is ... more...

Don't Blame Homeowners for the Foreclosure Crisis Without Blaming Big Government, Too
Many of the discussions of people facing foreclosure categorize them as greedy, overspending, and having no one but themselves to blame for their poor financial conditions. Individual homeowners, despite their lack of financial resources and lack of financial education from government schools, are ... more...

Government Foreclosed Houses - Advantages For Purchasing These Houses
Every now and then, you will hear news of government foreclosed houses put up for auction. The underlying fact therein is that the government has no other option but to confiscate whatever property is worth to fall back on in cases when the borrower is unable to pay back whatever amount has been ... more...