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Egypt r.e
real estate in EgyptThe edge of a land washed Red and Mediterranean seas - not only a surprising ancient civilization of secrets and riddles, but also a real paradise for those who decided to acquire real estate in Egypt. Thousand people worldwide choose Egypt as the constant house or the house for the period of holiday. Therefore, buying real estate in Egypt, to be exact the apartment in Egypt buy more, than simply beautiful house in the center of excellent environment. They get paradise slice, dream where the sun and always turquoise water always shines. Today Egypt - one of the most attractive countries for investments into foreign real estate and for family rest. There are some reasons which do capital investments in real estate of Egypt the extremely favorable to foreigners: The annual rise in prices for real estate in Egypt including on the apartment in Egypt reaches 40% (such rapid growth of the prices isn't present and any more won't be neither in Europe, nor in the territory of the former USSR) High profitability from real estate delivery in Egypt in rent (to 15% per annum from real estate cost). Any bank won't offer you such percent at deposit storage of your means. Possibility of acquisition of real estate in Egypt foreigners appeared only in 2004 that does this market very attractive to investors and it gives the chance to appear in their first rows Very great interest to real estate of Egypt from investment companies of Great Britain and Ireland, and recently also Russia and Arab Emirates. Working with real estate of Egypt, you will be able to invest means, having only $USD 25000-30000, thus to get rather high profit. Possibility of a delay of payments directly to builders - till 3 years. High popularity of resorts in Egypt guarantees year-round delivery of real estate in rent. Constant summer during the whole year and weekly flights of the most popular airlines facilitate access to the acquired real estate in Egypt, and existence of the resident visa completely exempts from need to use tour operators. And, of course, the low cost of residence in Egypt including utilities that, undoubtedly, attracts on continuous accommodation of inhabitants of Europe. But there are some specific features about which it is necessary to know: the foreigner as the individual, can't get residential real estate in Egypt. The exit from this situation is quite simple: the legal entity (as a rule is registered, the limited liability company) the only owner (or the co-owner) which is the foreign citizen. The real estate taxation in Egypt is regulated by the law Arab Republic of Egypt "About profit taxes" and reduced to the taxation of profit which is got as a result of use of such real estate: the land plot and the structures (residential buildings) erected on it. Differently, the tax will make 20%. After obtaining the written permission of the prime minister of Egypt it is possible to dispose freely even of the registered property though next day. All possible restrictions for foreigners extend only on residential real estate. The commercial real estate in Egypt is available in any quantities, and inhabited of the 4000 sq.m is limited. For the majority of the Russian investors these restrictions are acceptable. The Russian investors, as well as the majority of others, interests at present real estate in resort zones and to some extent in Cairo and Alexandria where "the wild market" real estate starts "being tamed" slowly. In the resorts of Egypt buy "dachas" for parents, children. Here it is possible to get apartments in the hotel territory, in the closed housing estates - in some of them foreigners, for example in El-Kausere acquire real estate only. Real estate of in market -> Next | |
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