Geographic Information
Description of Egypt
In no other place on the planet is the past as strongly present as it is in Egypt. Thousands of years of civilization exist side by side along the Nile. Even those who have never been fortunate enough to visit the country are aware of the Great Pyramids, the ruins of Karnak and the Valley of the Kings. It can be quite a surprise to discover that modern Egypt has much to offer too, including the elegant new resorts on the Red Sea. Cities such as Sharm El Sheikh have thrived, with hotels and apartments especially popular with tourists and divers. Recent civil unrest has seen the tourism industry suffer, but high yields, low income tax and moderate transaction costs mean that the Egyptian property market is far from a relic of the past.
Current Property Prices in Egypt
9 properties listed for sale in Egypt
2 bed apartments:
1 listed for sale£33,180 to £33,180
Average: £33,180
3 bed apartments:
3 listed for sale£61,620 to £77,262
Average: £68,414
4 bed houses:
1 listed for sale£175,380 to £175,380
Average: £175,380
5 bed houses:
1 listed for sale£3,500 to £3,500
Average: £3,500
Key Facts:
Currency: EGYPTIAN POUNDTime Zone: Eastern European Time Zone
DialCode: 20
Languages: Modern Standard Arabic
Capital: Cairo
Population: 72,798,000
GDP: $275.748 billion
Latest News & Features for Egypt
Latest News
JustProperty launches Egypt property portal
Sharm el-Sheikh flight suspension extended
UK tourists to fly home as Sharm el Sheikh flights are cancelled
Egyptian currency falls to record low
Watch – Suez Canal expansion to open on Thursday
World Bank finances $500m Egyptian social housing project
Confidence rises in Cairo property market
Cair-azy? Egypt’s plans for a new capital
Watch – Cairo apartment block collapses, kills at least 15
Egypt has updated its property tax law
Egyptian tourism not looking so fair? Oh.
Watch – Islamist insurgency hits Egypt tourism: security fears damaging key sector of economy
Egypt builds grand Giza museum
FCO warns against travel to Egypt
Watch – Egypt: footage shows aftermath of car bomb in Cairo
Watch – Egypt Land of Legend and Mystery
Egypt to use webcams to repair tourist reputation
Watch – More Egypt attacks following day of violence in Cairo
Watch – Egypt extends state of emergency by two months
Watch – Egypt economy struggles in the maelstrom of protests
Sharm el-Sheikh flight suspension extended
UK tourists to fly home as Sharm el Sheikh flights are cancelled
Egyptian currency falls to record low
Watch – Suez Canal expansion to open on Thursday
World Bank finances $500m Egyptian social housing project
Confidence rises in Cairo property market
Cair-azy? Egypt’s plans for a new capital
Watch – Cairo apartment block collapses, kills at least 15
Egypt has updated its property tax law
Egyptian tourism not looking so fair? Oh.
Watch – Islamist insurgency hits Egypt tourism: security fears damaging key sector of economy
Egypt builds grand Giza museum
FCO warns against travel to Egypt
Watch – Egypt: footage shows aftermath of car bomb in Cairo
Watch – Egypt Land of Legend and Mystery
Egypt to use webcams to repair tourist reputation
Watch – More Egypt attacks following day of violence in Cairo
Watch – Egypt extends state of emergency by two months
Watch – Egypt economy struggles in the maelstrom of protests
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Urgent change needed if Egypt’s developers are to survive
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Industry reports New Year sales surge
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Middle East property investment on the rise