[Peter Mitry]

Distant Dreamer is right; whatever happens in any market in the medium to long term property prices go up. As we all know, in the short term there can be glitches, like in Spain at the moment, but no one can doubt that the trend will always be upwards and will always outperform bank rates. The caution is not to get in the trap of needing the money during a market correction. Hang on and you will see handsome returns. This applies particularly in Egypt as most people are buying with cash and not fighting to service a mortgage.