Regional Information - Foreign Ownership > Egypt, Africa

Feature Island

Regional Information

Egypt may be best known for ancient cultural sites and historic monuments, but the hot climate and many gorgeous beach regions are now drawing an entirely different type of tourism. Bordered by the sparkling Mediterranean at the north and the Red Sea to the east, there's no shortage of international and local tourists enjoying the country's hot, sunny climate and clean blue waters. Egypt has a strong economy and a steadily growing tourism sector, as it is increasingly being viewed as a luxurious- yet economical- alternative to other countries in the region. Islands are quite rare properties on the real estate market- but in this relatively inexpensive country for land investment and development, they pose a unique opportunity for tourism and resort development.

Egypt, Africa

Foreign Ownership of Islands in Egypt, Africa

Recent reforms have been implemented to streamline foreign land investment in Egypt, however, there are certain restrictions on property purchase that make ownership through an Egyptian company an attractive option. A solid economic climate, large tourism sector and suprisingly low price point make this North African state an excellent prospect for development, and the scarcity of islands in the region is steadily driving up the market price of these unique properties.

Regional Statistics for Egypt, Africa

Location:: Northeast corner of Africa, bordering with Sudan to the south, Libya to the west, and Israel to the northeast.
Population:: 82,982,364
Languages:: Arabic
Capital:: Cairo
Currency:: Egyptian pound (EGP)
Climate:: Arid and hot, with cooler zones near the Mediterranean
Temperature Range:: 20-30C
Terrain:: Flat and primarily desert, with fertile areas along the Nile River