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The global property market is a tough one to fully judge and understand, with so many hotspots vying for your investment money. So, why would you choose Egypt over any other emerging markets?
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First and foremost, there are the prices, which just about speak for themselves. You can get your foot on the Egyptian property market for just £25,000, which would buy you an off-plan 1-bedroom 1-bathroom apartment in the Hurghada area. Unlike other destinations, however, Egypt has shied away from the ‘get ‘em in and pack ‘em high’ mentality and offers a great assortment of property types, as well as astounding value for money.
Staying in Hurghada, you can pick up a delightful 2-bedroom 2-bathroom penthouse for only £100,000. Or, if you’re after a little more outside space, £90,000 will get you a luxurious villa, every bit as stunning and well-built as the Sphinx, in the Manta Villas development. When you consider that, in the UK, Portugal and Spain, you’d struggle to find a studio in a popular resort for that price, Egyptian property’s value for money really stands out.
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