Overseas Property Where Would I Invest Part 5: Egyptian Property

As I wrote in a recent article, Egypt and Turkey are bucking the trend when it comes to tourism, because the number of British visitors they are receiving is currently growing rapidly, while traditional favourites like Spain are either stagnating or falling because of the strong Euro.

I have already written an article about how I would invest in Turkey property, so this article will be on the investment potential of Egyptian property.

Egyptian tourism is rising massively because of its developing infrastructure, and the increased capacity to accommodate visitors therein.

On top of that Egypt has everything the mass of British tourists want: sun, sea and sand; a great climate and fantastic beaches. But it has so much more in the Pyramids, some of the world's longest standing and most exciting history stretching into the sky before your eyes -- amazing.

Then there's the low living costs, especially given the fact you get more than 8 Egyptian pounds for one British pound. All the above combines to give Egypt a very bright future in terms of rising British tourism.

Yet Egyptian property is currently among the lowest priced in the world. Even in the upcoming hotspot of Hurghada, I could buy an apartment right now for less than 12 grand.

Yes, you're right: rents on Hurghada properties are still very low, but I have worked out the yield on a low priced Hurghada property and it was 8% based on only a 20% occupancy -- 20% occupancy is currently achievable and this will rise, as will rents giving Egyptian property a double whammy of investment potential.

Make no mistake, I would definitely invest in an Egyptian property; I mean, even if tourism dried up (which it won't) I'm left with a luxury apartment near the beach in a sunny destination and within reach of the magnificent pyramids.