Released on: July 10, 2008, 5:04 am

Press Release Author: Shana woodit

Industry: Real Estate

Press Release Summary: 'Due to recent reforms to streamline purchasing procedures in
Egypt, the country now attracts more overseas property purchasers than ever before.
This can also be put down to its relatively simple purchase system with lower taxes
than in many other countries and no capital gains or inheritance tax.'

Press Release Body: 'Due to recent reforms to streamline purchasing procedures in
Egypt, the country now attracts more overseas property purchasers than ever before.
This can also be put down to its relatively simple purchase system with lower taxes
than in many other countries and no capital gains or inheritance tax.'

Egypt has long been a popular travel destination. Today, due to encouraging economic
trends, the property market in Egypt is becoming more popular as a location amongst
worldwide purchasers and recent years have seen a growth rate of an encouraging
20-30% per annum in some key locations.

Property in Egypt, as in many emerging markets, relies heavily on the success of
Egypt's ever increasing tourism industry. Beautiful, well established tourist
hotspots are already in existence, particularly along the Red and Mediterranean Sea
coasts and cater for a wide variety of modern tourist requirements, from excellent
diving and snorkeling, five star hotels and golf courses to cultural and historical
activities. New off-plan opportunities from heavy weight international developers
are now springing up, attracting overseas investors looking for a secure investment
with good growth potential at rock bottom prices.

Due to increased tourist numbers, these buyers are also safe in the knowledge there
will be a strong market for their investment. Furthermore, the imminent opening of
the newly modernized Cairo international airport in early 2007 is set to bring a new
influx of visitors to complement Egypt's new look 21st century tourist industry.

Web Site: http://www.nomorehotels.co.uk

Contact Details: For more detail visit :- http://www.nomorehotels.co.uk

Shana Woodit
Phone: +44 (0)870 850 8514
E-Mail: kevin.sousa07@gmail.com
Web Site: http://www.nomorehotels.co.uk/