Brits move to Egypt to find new homes

[Offplanpropertyexchange]

Egypt is becoming a fashionable major investment hot spot. With over 275 thousand brits own property overseas. The stability of the Egyptian pound has created good growth investment opportunities in the Land of the Pharaohs. The impact that fluctuating exchange rates can have on the cost of buying overseas property is significant and taking advantage of favourable rates can save property investors large sums. Egypt’s proximity to Europe makes it ideal to take up the mantle of overseas growth. The increase in sales is also fuelled by low running costs, excellent year round flight links from the UK, unique climate, high capital growth and strong rental demand. The current state of the UK economy has meant many people are looking abroad to invest. The pound is weak against the Euro so investors are looking outside the EU and Egypt is a prime location.