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Despite Political Turmoil and Economic Instability Real Estate Egypt is Standing Head High

A significant trend in Middle East is the growth of real estate Egypt despite political and at times economic turmoil faced by the country.

No other areas are subjected to consistent political turmoil as the Middle East and Africa. Despite such political turmoil and at times economic problems; real estate Egypt has been growing considerably.

Prime Factor in Economic Growth:

Real estate industry in Egypt has been one of the prime factors in the economic growth of the country during the last decade:

  • Despite the revolutions and post revolution inconsistencies in the economy, the real estate and construction industry had a phenomenal growth.
  • It constituted around 20% of the entire private investments in the country.
  • Also the value of real estate properties like Apartments for Sale in Cairo has registered significant growth during this period.
  • During one decade from 2001 through 2011, the value of real estate properties taken together in Egypt grew from 12.6 billion Egyptian dollars to around 34 billion Egyptian dollars.

Growth in Residential Sectors:

Basically the real estate industry in Egypt can be categorized in three segments:

  • Residential properties including both sold and leased out properties. These also include both first and second homes.
  • Commercial properties that include office spaces and the retail developments.
  • Touristic properties such as the hotels and resorts. An example is the Katameya Heights resorts that are always in high demands among buyers and renters.

    Significant Growth in one Decade:

    It is primarily during the first decade of the current millennium that the real estate Egypt registered significant growth in all its aspects. One of the reasons has been the abundance of natural resources and wealth in the country and the other significant contributor is the appeal of huge numbers of tourist destinations around. Young and educated mass in Egypt are playing a major role in generating economic growth of the industry and boosting up investments in various economic sources.

    Impeding Factors:

    However there are certain factors that have also contributed towards preventing further accelerated growth of the real estate industry in Egypt. Despite the demands for properties like the apartments for sale in Cairo. one of the most visited cities in the world; these factors have put a break to what otherwise could have been phenomenal growth of the real estate industry and business in the country. These factors are –

    • Egyptian legacy of state socialism.
    • Political authoritarianism.
    • Lack of equal economic opportunities for all.
    • Restrictions on foreign investments.

    Changing Trends:

    In recent times there have been some changes in the view point of the authorities and they are adopting a much more liberal stand in the process. Foreign investments in real estate in Egypt are now looked upon with a bit of leniency and there has been some significant growth in public-private partnerships pushing forward the building up of infrastructure as well as other development projects in the country.

    When many other economic and industrial sectors in Egypt stagnated after the January 2011 uprising, one sector that stood head high among the ruins all around was the real estate Egypt.

    For More Details Visit Here: — Realestate Egypt

    Looking For Luxurious and Affordable Apartments in Egypt – Invest In Katameya Heights

    Everybody wants to secure his/her future. That’s why, investment in property is considered to be the safest and most profitable business. Thus, one should start investing in properties as soon as possible. Choice of the location, pricing, future prospects, facilities provided are few of the essential parameters that needs to be evaluated while looking for any property. The first and the foremost step while choosing a property is its location. This article will help you in narrowing your search for the best possible place you’ve always been looking for.

    Just like India, Egypt is making its name in the real estate. The country has a very high standard of living with plethora of business establishments. With the advent of industrialization, more and more people are coming back to Egypt for business purposes. Thus, there will a huge demand of accommodations and more number of properties will be available for sale. With the boom in real estate and the Egyptian economy, you can consider buying a property here.

    Katameya Heights is one such location that provides various sorts of properties and apartments suiting to your budget. It is located in New Cairo city and has something to offer for everyone. It has

    impressive facilities like golf courses, swimming pools, fitness centers etc. Beautiful luxurious villas surrounded by lush green parks make the place worth living in. Close proximity to schools, airports and railway stations makes the life of people in these areas, easy. Safety and security concerns too are taken care of in Katameya Heights.

    If you are looking for cheaper apartments without compromising on quality and your lifestyle, then this city has plenty of options to offer you. There are many good Apartments for Sale in Cairo where you don’t have to worry about frauds and scams regarding the paper work involved. These apartments have been designed by reputed architects of the country and have impressive exteriors and interiors. Most of these apartments are fully furnished with all the necessary amenities. They are available at a very reasonable price that can be afforded by every household class of the society.

    You can also invest in big malls and shops for rent purposes to earn extra income. You can buy shops in Cairo in these shopping malls. There are different types of shops available like skin care, electronic goods, home appliances, beauty salons, gymnasium, health care etc. According to your convenience and available budget, one can choose from the many shops available for sale.

    Al rehab City, one of the most industrialized cities in Egypt, caters to all the requirements of its residents. Majority of the population come to Egypt for job opportunities and to settle here. Thus, they require a place to reside that not only offers safety and security but also provides the comfort of home. The city has luxurious apartments with all the facilities. Educational schools, shopping malls, hotels, health & emergency units, utility shops, sports club etc. facilities are available for the residents.

    Thus, Egypt has one of the biggest developing economies and large number of real estate companies is investing here, as the future prospects relating to property management is very high in Egypt and its capital city, Cairo. They also offer peaceful and comfortable stay for individuals as well as families.

    For More Details Visit Here: — Shops in Cairo

    The best place to invest in Egypt

    The rates of property are rising in the past few years. Property investment has become one of the most profitable investments in the present times. Property investors look for emerging markets like Egypt because the place offers stable investment and also the promise of excellent returns on investment due to rising growth rates. Egypt offers great potential and therefore, has become the best place to invest. While investing in a property, people not only seek stability but also simplicity, the features present in the Egypt property market. The current situation of stock markets under performing has directed people to invest in apartments for sale in Cairo. People have move forward and left the thought of investing in volatile stock markets much behind. People who do not have much knowledge about stock market stand at a loss and hence, they choose property investment. With the help of professionals, one can find shops in Cairo for investment and make a wise choice based on present trends in the market.

    Benefits of choosing Egypt

    When it comes to Egypt, external factors here remain more or less stable for the purpose of property investment. Hence, people won’t find much problem here. Many people make money through investing in property in Egypt and have climbed the success ladder without much hassle. People who are confused about purchasing property in the name of investment should know that there are not many emotions involved in such investment and hence, choice becomes easy and returns start flowing. One can get the benefit of choosing from a range of possibilities for investment purpose in Egypt. People can easily generate rental income by letting the property through professional agencies. In addition, they also get the benefit of capital appreciation in Egypt. Most of the people are choosing katameya heights in Egypt due to its strategic location. if one is not interested in residential property, there are a variety of commercial properties available for investment.

    Option of desirable locations

    Egypt has recently topping the preference charts of people when it comes to investment due to many reasons. Firstly, property prices here are very low. The capital appreciation is steady and rises minimum 20 percent to 30 percent every year. The reason why people prefer Egypt is because of its popularity among tourists. The place is a tourist hotspot, especially Cairo and many tourists from around the world come visiting this place. Tourists choose it for its excellent diving, snorkelling, cultural locations, rich history, etc. Egypt is renowned for its stunning and natural landscapes that have not been spoilt even after so many years. The property taxes here are much less as compared t the likes of the United Kingdom. In addition, there is no capital gains tax too.

    Benefit to non residential citizens

    People who do not belong to Egypt and still want to profit from the rising property investment here should not worry at all. Along with apartment for sale in Egypt for non residential citizens, even the rules and regulations are quite relaxed here.

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