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Posted On: 01/07/2009
Azure Overseas Points to Egypt for Property InvestmentOverseas property specialists Azure Overseas have highlighted Egypt as a country ripe for property investment. Azure director Frank Crowley made the following statement about Egypt:
"We are currently recommending Egypt to our investors, especially those on a very tight budget looking to make immediate gains. We have resort properties in Hurghada, one of the most popular areas with tourists [Egypt being a popular destination as a whole] from just £17,000. These can easily fetch rental yields upwards of 8%, and our analysts predict they will make at least a 15% immediate capital gain when the development is completed. We are also recommending Egypt because of its favourable tax regime, i.e. no capital gains or inheritance tax, and rental income taxed at standard income rates."
Frank Crowley's statements follow another recommendation for Egypt property investment, US property billionaire Sam Zell recently recommended the country because of an "enormous shortage of housing".
Azure Overseas have some excellent properties in Egypt, including the stunning resort-style development: the Pyramids Beach Resort. Offering studio apartments from just £17,000, the Pyramids Beach Resort is a five star fully equipped resort development, located just 10 minutes from Hurghada airport, 10 minutes south of El Gouna with its PGA golf course, and directly across from the public beach entrance, which gives it superb coastal views.
Built by a UK developer Pyramids Beach resort features 2 swimming pools including children's section, with on-site lifeguard and pool bars, a fully equipped gymnasium, a restaurant offering various cuisines, cafe bar with internet business centre, and all apartments come with a 10 year building guarantee. Azure Overseas have properties throughout Egypt starting from as little as £10,000. Find out more by visiting the site.
About Azure OverseasAzure Overseas is one of the highest regarded overseas property consultants because of their dedicated after-sales care, and stringent market research/due-diligence. They therefore offer some of the most attractive properties and investment opportunities, largely at the most attractive prices.
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