Oasis of sun, sand and sea

HOME to one of the oldest civilisations in the world, a country with a long and luminous history and its fair share of bloodshed, Egypt is now an ‘emerging’ property market’.

For emerging, read cheap and perhaps, a bit risky, but as as the most cliched of entrepeneurs will say — you have to speculate to accumulate.

The Egyptian Government, under President Hosni Mubarak, is very keen on Foreign Direct Investment and have smoothed the way for overseas buyers. You can now purchase freehold in Egypt, subject to certain conditions, but can only take a leasehold on properties on the Sinai peninsula.