Anyone have any views on why this might be?

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

I believe you are not comparing like for like. The better resorts in Egypt are similar in price to the better resorts in Morocco, and the fashionable residential complexes under construction in Cairo are more expensive (although better quality) than anything I have seen in Marrakech, Rabat or Casablanca.

To my knowledge there is no VAT on property purchase in Egypt as one reason. The Moroccans have been spoilt by the French as they have been buying in Morocco long before Egypt came on the scene.

taxes (high in morocco, something they learnt from the french..its the democratic monarchist trait)

land costs (north morocco is mediterranian egypt is reclaimed desert)

distance to UK (we brits are the biggest investors in off plan development..egypt is further away from UK)

FDI (egypt goverment reforms need fdi especially foreign currency)

military/goverment land (egypt land is mostly in goverment and military hands)

Sahl Hasheesh land was sold to ERC for $1 per m2!!!!!

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ross@experience-international.co.uk
http://www.experience-international.com
skype:rossantony1971 tel:002 0168597844

Funny thing is, that is what put me off Egypt, it was too cheap (same with Bulgaria) now though having been to Eygpt I may consider it again as cheap property can still be bought and may be worth a punt Although I would not touch Bulgaria with a bargepole.

In my opinion.

MP

Becouse its very hard & expensive to get finance.