Hi All,
After reading through the posts i am in agreement with most of what has been said, however one country and one development inparticular is being overlooked i feel.
Egypt!
With prices starting from as little as £18000 and going up to £50 000 for a penthouse we are talking very little captial needs to be spent. I also believe in this development as all the signs are there for it to succeed. The reasons:
3 Hilton Hotels, 1 Marriot Hotel, and The Ministry of Sound.
These properties i am talking about are 300m from the beach and in a fantastic location. They are off plan and are due to be completed in 2008.
In Egypt there is no stamp duty or capital gains tax payable on real estate and, if you are a British resident, you will also avoid inheritance tax on any Egyptian properties that you decide to pass on to your loved ones. Some good advantages.
I think morrocco is a good development, especially Saidia, but i believe Egypt is a little bit better due to the points made above. If you are looking to buy in Egypt please speak to an expert, if you do require a good contact please just ask.
Cheers.
Cymru
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