Wednesday, July 30, 2008

Property in Luxor Egypt

Uncertain about buying Egypt, see the two articles below. I think that first article is really fair but it fails to take account of the motivation behind a lot of sales. Retirement properties. The second article should reassure those looking at these.

With pension values falling, Westerners are facing an increasingly dubious future. Their pensions, if they have one, are minuscule and certainly not enough to maintain a decent standard of living or any living at all in some case. But because of the low cost of living in Egypt even the most cash strapped pensioner can live like a Pharaoh on a very modest pension. Buy your apartment or flat and never have to worry about rent again and live off your UK pension, yes it is possible here. After all there are no heating costs, it is sunny all year round. Food costs are approx 1/10 those of the UK. Also you can pass on your property with no tax, tempted, you should be.

The two article do reassure people looking to invest in Egypt that their capital value is set to rise. Which when you are facing an increasingly uncertain old age is very reassuring. The clincher is that you can pass everything on to your children, no tax!!!!

As you know we have property for sale and all is on private land where we can give you freehold and proper contracts and papers. Flats in Luxor has an international reputation for honesty and we can give you references from satisfied customers. We have a variety of properties some with swimming pools, so please get in touch and have a secure retirement.

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