WHY INVESTING IN SHARM EL SHEIKH MAKES EXCELLENT SENSE:
- Unique micro climate with over 300 days of sunshine each year
- Potential long term rental returns from holidaymakers and divers
- Easy accessibility to anywhere in the world through Sharm el Sheikh international air port
- Lower cost of living
- Property prices still good value compared to the UK and Spain
- Steadily rising annual property values all along the coast.
- New restrictions on building density
- 10 year building guarantees
- Non-resident friendly
- Constant improvements to infrastructure (Airports, golf courses, amenities, roads, etc)
- Sophisticated shopping, nightlife, and international restaurants
Overview
As an investor you can expect above average returns from investing in the off-plan property developments in Sharm El Sheikh Why?
Four reasons:
- 1. The property is priced BELOW today's market value (You literally buy your property at a discounted price).
- 2. Your equity is limited to only around 30% of your property's price. (You only pay a fraction of the total sales price to secure your ownership rights).
- 3. During construction you can sell your property on to a 'lifestyle' buyer benefiting from any pre-scheduled price increases from the developer and additional capital market growth. Or, elect to go to Title Deed and complete your purchase; then sell the property on approximately two years later and see potentially even bigger gains on your investment due to the development's 'mature' status and desirability (it's easier to sell a completed apartment with a beautiful swimming pool and gardens than something still in construction)
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