Nestled in the northeast corner of Africa, Egypt is undoubtedly one of the most well-known countries in the world. It is considered to be the cradle of human civilization due to its long history and culture. It is one of the most populous countries in Africa with most people living along the banks of the River Nile which is often considered as Egypt’s bloodline. It is one of the largest economies of Africa and is on pace for consistent growth and development.
Tourism in Egypt
Tourism is undoubtedly one of the largest contributors to the Egyptian economy with over 14 million visitors annually. Egypt has many world heritage sites that span thousands of years in age. The pyramids, the Sphinx, among others, are just some of the examples of historical monuments in Egypt. The country is also a prime destination for archaeologists and research due to its diverse history. Cairo is the most visited city in Europe due to its close proximity to most historical landmarks and sites.
Is it a sensible idea to buy property in Egypt?
Egypt has a low cost of living and a developing economy. This makes it one of the prime options when it comes to property deals and investments. The real estate market is not very competitive that can help investors get great deals at relatively low prices. Additionally, there are not a lot of restrictions and laws against foreigners buying properties in the country. By choosing a trustworthy and experienced real estate agent, you can be the proud owner of a new property in Egypt in a short span of time. Apart from being a sensible investment, the country is also a great option if you are looking to move permanently. Though it is largely known for its historical significance, the country is calm, welcoming and highly hospitable.