Egypt Properties and investments

The Egyptian investment property market is set to continue performing better in contrast to all other major regional players, which are all struggling to cope effectively with the current global economy and property market. It helps that residents and current investment property owners believe that there is absolute stability of Egyptian property investments. They also take a better grasp of the changing business cycles.
The positive outlook over local investment properties come despite a huge gap between demand and supply. In contrast, this gap is strategically capitalized on by property investors. Much property activities are centered on family residential projects. Current population is just at about 83 million. There are up to 500,000 marriages yearly, so demand for new homes for such new families continues to rise. Analysts also note that general outlook towards the global crisis is not very gloomy in Egypt unlike in most other parts of the globe. Thus, property owners as well as developers are always having positive outlooks and views about the industry performance.
Different attitude with regards to financing is also taking shape in Egypt. Observers and experts believe this unique approach is one of the tipping points and reasons why the Egyptian property market has not really reached a usual crisis point. It is in this country where property financing is not at all debt-based. This is because most property investors and buyers purchase using their own surplus money. Financing, if needed, is only accounting for just about 3% of overall payment.
Official records show that total yearly supply of housing units is only at 150,000. This represents a deficit of about 350,000 annually. Aside from this, there is also a unique cultural attitude towards Egyptian property market. This prompts Egyptian property investors to prefer buying stable and fixed real estate or assets during difficult or challenging times.
Investment property clubs note that the local property investment market has several advantages. Among these are the absence of major capital gains and the absence of inheritance tax. There is an affordable cost of living through discount property sold at below market value. These are of course on top of the thriving tourism industry, which benefits from the geographic advantages and the favorable warm climate (which is loved the most by property investors coming from freezing countries in the north). Rental opportunities resulting to an active tourism sector is highly evident.
The rapid expansion and growth of the local banking sector is also taking into account. The official currency, the Egyptian pound, is also gaining further strength and is constantly appreciating. Property firms as well as lenders and financing institutions are cooperating with each other to help further boost the Egyptian investment property market. Through the continuing economic soundness and local property market advantage, it is expected that Egypt’s property investment industry would continue to outpace and outperform all its other competitors and peers not just in Africa but also around the world. It seems that market conditions keep on favoring Egypt’s property market.