Egypt is entering a new dimension - spectacular projects are taking shape on the Red sea, providing much more than just luxury resorts. The land of pharaohs and pyramids is charting a new course, seen as a leap into a luxurious future.

The sights of Egypt are truly marvelous, from Cairo's pyramids down through the desert, along the Nile, via Luxor and on to Abu Simbel. The history in Egypt is remarkable, the sky is almost always blue, the scuba and snorkeling in the Red Sea are world-class, and it's not expensive.

Income from tourism already contributes a substantial part of the gross national product of Egypt. That is why the country is raising the stakes in this business – but with a new dimension, attracting not just holiday makers but also property investors.

Why Egypt? No VAT on buying a property, no capital gains tax, no wealth tax based on the value of the property are to name but a few of the favourable tax benefits along with year-on-year capital appreciation of between 20-30%.

Within a 5 hour flight time from European airports are some of the world’s most beautiful coral reefs and desert scenes straight out of Lawrence of Arabia. It hardly ever rains, even in winter the water temperature never falls below 20° c and it’s not expensive.

There are so many positive aspects of the property market in Egypt that make the entire sector and exciting place to be right now that anyone serious about venturing into an emerging overseas real estate market should be focused on Egypt.

Egypt really is the place to be for investors looking for immediate income and medium to long term capital growth and resale potential – and because the property buying process in Egypt is so affordable, the number of investors examining the marketing and exploring its possibilities is set to rise and rise.

A country steeped in history!