Quote:
Originally Posted by BrianC
From an inheritance I have the above sum to invest.
I am looking for an investment where I have a fair chance of doubling this in a 5-6 year period and am fully aware that this will come with an element of risk.
I am not looking for a lifestyle property or somewhere to retire to and frankly IŽd be very wary of any place that was promising 30%+ growth per year.
Ideally IŽd like to buy outright and have the property let and managed with minimal input from me.
Suggestions?
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Hi Brian,
As for Egypt if you buy a key ready property, you would appear in a train that already missed the potential of price increase I would say. On the other hand, if you wish for higher rental yields you would look at something within a complex with facilities and developed infrastructure. The price of such key ready properties would be also much bigger.
If you have 5-6 years for your investment, consider buying something off-plan that is due to be completed in several years - you will already have your property value bigger before the completion. You will also not need to throw all your money at once but in installments. After completion let property management company rent it for you.
Ideally you can buy a key ready property and property in an offplan project separating your budget - this will let you get rental yields from one directly and capital gain (which is not taxed in Egypt) plus rental yields from the other.