Generally speaking not too bad. I am actually going there on Sunday to meet lawyers and developers.

The country is looking to actively encourage FDI (Foreign Direct Investment) and is revamping its legislation in order to facilitate this. As such its all a bit new so care is required. I have managed to find a good lawyer and know of several more who are detailed and careful and that is really the key. The lawyer will ensure you are buying what you agreed to from who you agreed to buy it from at the price you agreed and that the person you are buying it from has the right to sell it to you and that no debts are outstanding with regards to the land/property which then transfer to you. He will then look after the legal aspects of registering the property and ensure that whatever taxes and fees that need to be paid are paid correctly.

Then its just a question of whether the product will perform as well as you hope. I personally believe Egypt will appreciate very well, even if you discount predictions on yield and capital growth by 50% you are still talking about 10% per annum growth and 6-7% yield (though I believe the yield will be better than that).

I would be cautious about buying something on the grounds that you can flip (sell it on) before completion so never have to come up with the balance of the purchase price as I think that the areas where your price range give you access to do not, as yet, have a ready resale market. But give it 5 years and you will have made a significant profit on your investment.

If you have 30k sterling to hand you may well be able to do a deal with a developer to pay all up front and get a significant discount. Dont forget though, most investors in these marketplaces use leverage, in other words pay a deposit of between 30-50% and mortgage the rest so that any percentage increase in the price is leveraged. In other words, if you have bought an apartment for 60,000 sterling and deposited 30,000 sterling, the rental yield should pay your mortgage every month quite comfortably so that you need not put any additional money in. If you sell it in 3 years for a 60% increase in asking price that actually returns to you 120% of your initial money invested.

In summary, emerging markets usually mean slightly more hiccups but most emerging market investors factor that into their plans.

Also, dont forget, as many other posters on this forum will confirm, be clear at the outset what you are looking for in terms of - Yield versus Capital Growth (or both) and timescales for your investment.

Cheers

Rick