Large investment organizations are choosing to invest in Egypt property with the latest deal amounting to nearly € 445 million from a real-estate company in Qatar. The news story from Bloomberg has excited property investors and put confidence back into Egypt. The investment will create 4,000 jobs in Cairo and the Red Sea area, and…
Due to a third consecutive year of decrease in the property price, Property sales made by foreign residents in Spain experience an increase of 24.7 % in 2011. Among all regions; Alicante is the most dynamic one with nearly 2 100 properties transaction during the 3rd quarter of the year. The province of Malaga comes…
The Weath report 2010 published by Knight Franck and sponsored by the Citi Private bank demonstrated that for the High Net worth individuals (HNWIs) have a huge preference for tangible assets with properties representating the largest share of their investment portfolio. In Average property accounted for 1/3 of their assets, with a pic to 50…
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In February 2011: Citigroup analysts Willem Buiter (Chief Economist) and Ebrahim Rahbari stated that Egypt is predicted to be the 10th largest economy worldwide by 2050. Citibank also expects Egypt to emerge as its third best economy in terms of economic growth behind only Bangladesh & China. “We expect a steadily rising growth rate for…
According to the World Bank Organization 1( WBO) with improvement in 5 of the 10 topics studied by the Doing Business Group, Egypt became in 2006/2007 the top reformer overall all the 183 countries under study. More specifically , Egypt was the 10th top reformers in relation with the process of registering property. Following the…
The Egyptian Government enforced within the third quarter of 2009 a new property tax law for owners of achieved real estate property in Egypt. This tax payable by the 31st of December of each civil year will be based on the value of the property. Going from 125 £ for a property amounting to 22…
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