Azure Overseas Points to Egypt for Property Investment

Overseas property specialists Azure Overseas have highlighted Egypt as a country ripe for property investment. Azure director Frank Crowley made the following statement about Egypt:

"We are currently recommending Egypt to our investors, especially those on a very tight budget looking to make immediate gains. We have resort properties in Hurghada, one of the most popular areas with tourists [Egypt being a popular destination as a whole] from just £17,000. These can easily fetch rental yields upwards of 8%, and our analysts predict they will make at least a 15% immediate capital gain when the development is completed. We are also recommending Egypt because of its favourable tax regime, i.e. no capital gains or inheritance tax, and rental income taxed at standard income rates."

Frank Crowley's statements follow another recommendation for Egypt property investment, US property billionaire Sam Zell recently recommended the country because of an "enormous shortage of housing".

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