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Interest in Egypt property on the rises again

Egypt has seen arise in interest from British homebuyers and has been described as one of the longstanding favorite destinations for international buyers, according to
TheMoveChannel.com’s recent Top of the Props latest rankings.

The news has certainly attracted attention from British investors after the rankings
revealed Egypt has shot up ten places to the top 20 after an impressive
recovery from the revolution in 2011.

Managing director of TheMoveChannel.com, Dan Johnson, commented: “In spite of some political unrest in the last 12 months, the availability of extremely low-cost apartments
in a destination with a genuine year-round climate, immense historical interest
and world-class scuba diving has helped underpin demand in this longstanding favorite
for international buyers.”

The positive news has followed another great report from The Telegraph newspaper, which has recently revealed Egypt is leading the global markets in 2012.

EGX 30, a stock market index for securities in Egypt, has reported a growth of 36.1 percent in the first quarter of 2012, ranking the country first among the world’s highest
growth indexes.

2012 has signaled a recovery in the Egyptian market and the news has certainly impressed
international investors. With a third of 2012 behind us, the winners and losers
among the world’s benchmark stock markets are starting to emerge. The fact that
Egypt has come top of the winners list is great news for the country.

The growth figure has joined a string of positive news about Egypt after having a good start to the year and has indicated a successful recovery in the Egyptian market.

Richard Parker of International Dreams reported that “we are seeing a rise in enquiries for
properties in Egypt, with the low cost developments such as the Tibas and
Isidas been very popular, but one development that is standing out from the rest
is Aqueous Resort in Marsa Alam.  The development offers rental Guarantees and sea view apartments from £38,500 and best of all its offers a 5 year payment plan”.

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