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Why Egypt is the Next Hot Destination for Real Estate Investors

Egypt is a country that has a lot to offer to real estate investors, whether they are looking for residential, commercial, or tourism properties. Egypt has a strategic location, a large and growing population, a diversified and resilient economy, and a business-friendly environment. Here are some of the reasons why Egypt is the next hot destination for real estate investors:

  • Strong economic and demographic growth: Egypt has one of Africa’s most dynamic growth rates, with a GDP of USD 403 billion in 2021. The country is one of the “African lions” alongside South Africa, Nigeria, Morocco, and Algeria, which account for 60% of African GDP. Egypt also had a population of 104.26 million in 2021, making it the most populous country in the Arab world and a vast potential market for real estate demand. The country’s economic growth is expected to continue in the coming years, supported by various reforms and initiatives by the government.

Property for sale in Egypt

  • Strategic geographical position: Egypt is at the crossroads of three continents and has access to major strategic routes such as the Suez Canal. This gives Egypt a competitive edge in trade and logistics, as well as tourism and cultural influence. Egypt is also close to major European markets and has several free trade agreements with regional and international partners. Egypt’s geographical position also offers a variety of natural attractions, such as the Nile River, the Red Sea, the Mediterranean Sea, and the Sahara Desert.
  • Business-friendly destination: Egypt has significantly improved its business environment and recently attracted foreign investors. The country has introduced tax exemptions, simplified procedures for setting up a business, reduced customs duties, and facilitated access to land and property for investors. According to the World Bank’s Doing Business 2020 report, Egypt ranked 114th out of 190 economies, up from 128th in 2019. The country also ranked 9th among the top 10 improvers regarding ease of doing business.
  • Many investment opportunities: Egypt has a diversified economy that offers various investment opportunities for real estate investors in multiple sectors. The most promising sectors include agriculture and agri-food, tourism, transport, gas, telecommunications, education, health, renewable energy, finance, manufacturing, real estate and construction, oil, wholesale and retail trade. Egypt also has several mega-projects, such as the New Administrative Capital (NAC), the New Alamein City, the Suez Canal Economic Zone (SCZone), and the Golden Triangle. These projects aim to create new urban centers, industrial zones, and tourism hubs to generate more real estate demand.

Real estate for sale in Egypt

  • Popular tourist destination: Egypt is one of the most popular tourist destinations in Africa and the world, thanks to its rich historical and cultural heritage and diverse natural attractions. The country received 13.6 million tourists in 2019, up from 11.3 million in 2018. Tourism is one of Egypt’s primary sources of income and employment and a driver of real estate development. Egypt offers many opportunities for investors to tap into the tourism sector, especially in hotels, resorts, villas, apartments, and entertainment facilities.

Egypt is a country that has a lot to offer to real estate investors who are looking for profitable and sustainable opportunities. The government has solid economic and demographic growth, a strategic geographical position, a business-friendly environment, many investment opportunities in various sectors, and a popular tourist destination. These factors make Egypt the next hot destination for real estate investors who want to diversify their portfolios and benefit from the potential of this emerging market.

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