News: egypt property investment

The most recent egypt property investment news from a variety of international property news sources.

High-End Egyptian Real Estate Will Incur New Tax

With Egypt’s real estate market still in recovery mode, and an upcoming election in the balance, recent property tax legislation has been met with resistance and uncertainty. The new law primarily impacts wealthy owners of expensive property, but officials claim the added tax burden will be relatively…

For Sale in Hurghada, Egypt – Apartments in the West Side Village Holiday Resort Development

West Side Village is a gated community of over 686 apartments in the prime location of Hurghada’s city centre. Hurghada is Egypt’s, and one of the world’s fastest-growing property hot-spots, situated on the increasingly popular Red Sea Riviera.

Overview
West Side Village is designed for all-year-round living, not just as a holiday resort. It offers the option [...]

Qatar Buys A Piece of America In London

Having been on the market for just over a year, the US embassy building in London’s Grosvenor Square is to be bought by Qatar’s sovereign wealth fund, Qatari Diar Real Estate Investment Co. The building was designed by Eero Saarinen and built in 1960, although the American embassy has been located in Grosvenor Square since [...]

Foreign Investors Eye North Africa Real Estate

With stabilizing real estate prices, the introduction of business-friendly investment incentives and high demand for affordable housing, North African real estate is becoming more attractive to foreign investors. While there are numerous challenges to investing in Egypt, Morocco and other parts of North…

Luxury hotels risk default as US$850 rooms remain empty

LOS ANGELES: Luxury hotel owners risk defaulting on their debt as the recession cuts occupancies and the credit crunch constrains refinancing.
Loans secured by more than 1,500 hotels with a total outstanding balance of US$24.5 billion (US$1 = RM3.48) may be in danger of default, according to Realpoint LLC, a credit rating company that tracks commercial [...]

Twitter Weekly Updates for 2009-09-06

Missing links – Globe and Mail http://cli.gs/1B8Ra #
Emaar Could Trade at Dh5 by Year-end: Analysts Say – Khaleej Times http://cli.gs/Xzjtt #
Register now for PIE/PFE Emerging Eastern Europe Property … – Property Finance Europe (Abonnement) http://cli.gs/aB9D1 #
Real Estate Spain Guide to Buying Property in Spain – In2town http://cli.gs/bX3J0 #
WestImmo eyes future outside WestLB. Says property credit [...]

City Ranking Of Worldwide Living Costs 2009

Mercer’s latest Cost of Living Survey for Worldwide Cities has seen some changes from last year. In a flash overview, Tokyo is now officially the world’s most expensive city to live in for expats. Johannesburg is the cheapest. The top ten are dominated by European and Asian cities, while a major reshuffle took place thanks [...]

Buying Real Estate in Egypt

Mention Egypt and people will start to think about ancient pyramids and mummified kings. To the experienced traveler, Egypt is much more than its well known relics. It is still an important cultural and historic center of both the Middle East and Africa. Tourists attracted to this ancient country come…

3 Riskiest Property Investment Punts

I am a watcher, a hoper and an optimist (well most of the time anyway). The complete opposite of my cautious father who will only voice what he knows to be true, I love to take a guess, have a gamble and forecast the future.

I forecast what markets I think will make money over the [...]

Twitter Weekly Updates for 2009-08-09

'Patriot' league plots more clashes with anti-fascist activists<br /> – guardian.co.uk http://cli.gs/6SXey #
Property taxes could help stabilise the housing market<br /> – guardian.co.uk http://cli.gs/2uA0N #
Property taxes could help stabilise the housing market<br /> – guardian.co.uk http://cli.gs/ejR3e #
World financial crisis costs $11.9 tn: IMF – Chandigarh Tribune http://cli.gs/tRVtR #
Adaro, Ayala, BHP, Nanya, Shenhua: Asia Ex-Japan Equity [...]