Arabian Property
Get there before the crowd
with Arabian Sands
Tax System: Buyer's of Egyptian property enjoy a very favourable tax regime. There is no VAT on property purchases, no capital gains tax and no inheritance tax in Egypt for UK residents. However, there is a rental tax of between 0% and 20% - on a progressive scale depending on the amount of annual rental income generated. There is also a one-off property registration charge of around £300 - £400 (GBP) for new property purchases.
Government Encouragement: The Egyptian authorities are eager to attract inward investment, particularly into the Egypt property sector. To further this aim, the government have introduced many "investment friendly" laws.
Other ways the Egyptian government are easing the way for investors, is cutting back on red tape and simplifying the whole buying process.
Mortgages: Buyer's of properties in Egypt can now benefit from the introduction of Egyptian mortgages. There are many lending companies who can help arrange a suitable loan for your Egyptian investment property.
Location: Egypt property offer great rental income potential. The Red Sea resorts attract year-round rental prospects and Egypt's rich historical past has long appealed to the tourist sector. With this in mind, investing in rentable properties in areas of notable historical interest could prove to be a particularly lucrative strategy.
Climate: Egypt is a country of year-round sunshine and although the peak summer months could be too hot for some, the rest of year's climate affords a long rental season.
Historical Attractions: Egypt's fabulous historical past, ensures that it remains one of the top global tourism destinations. The influx of millions of cultural tourists each year means that carefully selected developments, such as those at Luxor or those within easy reach of the Pyramids at Giza, have the potential to command high rental values.