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home  |  Buy Property  |  Why invest by the Red Sea

Why invest by the Red Sea
1. Affordable prices on properties.
Starting from 250,000 LE for a one bedroom apartment in a complex with swimming pool, close to the beach.

2. Tax Benefits
-No capital gain tax.
-Low inheritance tax (7% to transfer ownership)
-No stamp duty

3. Weather
Dry climate and sunshine the whole year.

4. Booming tourism.
Easy access from major European cities and Sharm is gaining popularity day by day. This makes an increasing demand in the real estate sector.

5. International Franchises and brands are increasing.
Restaurant and retail sector expansion are increasing on monthly basis to complete the city's beauty and high standard needs. 

6. Low cost of living.
Low prices on your every day needs and with retailers like Metro Supermarket and Carrefour in the city, life becomes only easier.

7. Diver's paradise.
The Red Sea is ranked to be one of the world's best diving sites and it still has many undiscovered treasures

8. Still Virgin to foreign real estate investments.
All these developments are still at the first stage of real estate prices. The new law declared the 5th of April 2005 gives foreigners the right of ownership in the Red Sea area. The response of foreign real estate investors has been a success story for the area, which still is in the first phase of foreign investment.
9. Perfect year around holiday or permanent home in a calm atmosphere.
Ask yourself if you want a nearby holiday home that you can use regularly? Or are you retired and looking for something that you can use for an extended period during winter months in a perfect climate, and rent it out when you like? Or are you simply looking for a large return on investment? The Red Sea covers all these needs.

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