The Property Investment Market in Egypt

Past, Present & Future

Egyptian property consisted of government constructed housing until the early 90s, when private housing was allowed. Over the following decade the housing market boomed, leading to a situation of over-supply particularly in the city areas.

The creation of a mortgage market in 2001, followed by a steep depreciation of the Egyptian Pound assisted the recuperation of the property market. Many expatriate Egyptians began to purchase property, increasing the local economy, property market and mortgage availability.

The recent development of resorts along the Red Sea Coast has attracted an influx of European investors. The resorts are designed with all modern conveniences and feature an appealing holiday destination, assisting with the continued growth of the tourism market.

Excellent rental returns and high capital growth potential has created a new growth market in Egypt. Realistic future stability of the market has been assisted with the building restrictions in place, along with the continued attraction of the location from the ever-growing touristic market.

Several areas along the Red Sea coast are being developed as excellent quality resorts. Sharm el Sheikh is the most up-market resort area in Egypt, with lower priced real estate in the near-by Hurghada. Sahl Hasheesh located south of Hurghada is being developed with a marina, various golf courses and 5-star hotels. Each of the resort locations are being developed with features aimed towards attracting a continued stream of Western visitors, ideal for creating future stability.

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