Property Investor Show confirms Egypt is on the up

The increasingly positive mood in Egypt, regularly reported in the general media and clearly evident in investor enquiries during the build up to the recent Property Investor Show, shows no sign of abating.

The consensus opinion that the emergence of a new democratic nation and creation of a freer market will bring more prosperity to Egypt is being reflected in developer and agent enquiries to the show - with developer For Free Company,
Building and Tourism Development, Egypt being another addition to the confirmed October exhibitors.


"... Enquiries, particularly those from the UK investment community remain at very healthy levels confirming buyer confidence in the long-term future of Egypt – a future which looks even more positive now than in 2010.

Overseas Property Professional; News Article; Is confidence returning to Egyptian market?

Good news for the Egyptian Property market. : "All the people we spoke to agreed that the revolution was good news for the Egyptian property market in the long term. Al Deeb said: “The old regime was corrupt. The next one will be different. We’ll see more investors – corruption was stopping the big developers from coming to Egypt so the market will be more stable.”

McKenzie said: “There is a strong expectation for the Egyptian property market. Transaction levels were already high at the end of 2010 but after this brief pause, prospects are even better.

From an economic point of view, the advent of a new democratic nation is good news for business. For instance it will bring more prosperity, more transparency in large land deals, create more of a free market and allow more entrepreneurs and solid business figures to enter the market.

Overseas Property Professional; News Article; Is confidence returning to Egyptian market?

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Upside Down Villa

The stone facade is stunning, much more complimentary to the surroundings.

The latest magazine to feature Flats in Luxor Property Sales

Monarch Airlines has featured Flats in Luxor in it's inflight magazine Explorer. The article from A Place in the Sun talks about the safe way to buy property in Luxor and quotes Jane Akshar the owner of Flats in Luxor. We have also placed our advert next to the article.

We are very proud that they have recommended us and that you can buy all your property needs, with confidence, from Flats in Luxor

Jane Akshar and Flats in Luxor have appeared in all these magazines

Here at Flats in Luxor we are fiercely proud of our reputation and the fact that we have appeared in so many major magazines both for our property sales and our holiday rentals, Jane Akshar has also had many of her writings published. So you can have confidence in Flats in Luxor, recommended by the Boston Globe, Sunday Times, Daily Telegraph, A Place in the Sun, Archeological Diggings, EasyJet in-flight magazine, Monarch in-flight magazine, Bird Watching and Papyrus

Monarch Explorer

Flats in Luxor is in the Monarch Inflight Magazine. Both the article quoting me and recommending purchasing our properties and our advert, Live the Dream, see page 110.Monarch Explorer: "- Sent using Google Toolbar"

Your Luxor apartment, your decoration, whatever that might be

When people buy a flat or villa from us at Flats in Luxor they sometimes ask for it to be decorated to their own personal taste. Michael was the first person to buy from us and asked for a rather unique decoration in his lounge.



That was back in 2006, this year he asked that we get his bedroom ceiling redecorated and this is what he choose. Isn't it brilliant, Sennefer eat your heart out.




So if you want to buy a flat from Flats in Luxor and want a rather unusal decoration, no problems. Can we do it, yes we can :)

Location, Location, Location

How nice of Google Earth, they have just released up dated satellite pictures of Egypt. So at last you can see where all out buildings are. You might want to select the actual image to see it properly.


When selecting accommodation in Luxor you want to make sure where you are in relationship to central Luxor and the sites. You want to be in the centre of things not miles out like and needing a taxi when you want a loaf of bread, the bank or a visit to the sites. Egyptian Experience is a classic example of a poor location, over 9km from central Luxor.

The more popular hotels are in south Luxor, around the area of our East Bank building and this is where you will find a whole variety of restaurants and shops as well as banks. Central Luxor is situated around the railway station, our Al Gezera building is just across the Nile from there. The ferry goes from Luxor temple to Al Gezera village where our original flats are located. There are lots of Egyptian restaurants here; prices are much reduced from tourist town. All our other West Bank properties are with 1km of there and are within sight of the temple of Hatshepsut.

So here are close ups of all our buildings, first Al Gezera


This was the first building we built 7 years ago consisting of 4 three bedroom two bathroom flats and a penthouse. The pent house is sold and the owner is mostly resident but occasionally rents it. I live on the second floor and my spare bedroom is available for rent. The other 3 flats are available for sale or rent. We refurbished the entire building in June 2010, installing a second bathroom and painting it from top to toe. The flat names are Osirus, Isis, Horus and Ra is the penthouse. There is a swimming pool, pool table, garden and chef will deliver.


Next along the road is the Arabesque House; we bought this building and completely refurbished it. It has 2 two bedroom 1 three bedroom and a penthouse. Just along the road from Goubli residents can use the facilities there e.g. swimming pool, restaurant, Wi-Fi, library, washing machine. This building is decorated in an Arabic/Islamic style. The flat names are Nigma, Amar, Layla and Noor.



Next we have the villas, at the time of the satellite picture they were being built but you can at least see the foundations lol. They have their own special website http://www.nubian-eco-village.com the villa names are Manga, Limon, Tofa and Tine.
Next door is Goubli with 7 three bedroom two bathroom flats 2 have owners but only one is resident so 6 available for rent and 5 available for sale. This building has free Wi-Fi, restaurant, swimming pool, garden, library, washing machine and a resident’s lounge. The flat names are Maat, Mut, Hathor, Bast, Neith, Selket, and Sekhmet.


Lastly the East Bank building, that is in the heart of tourist town and great for those wanting more nightlife. This building consists of 3 three bedroom flats and 2 one bedroom. One flat is sold and the owner is in residence, another Shu, the owner keeps one bedroom locked so it is available as a two bedroom two bathroom. The other flats are Geb, Anubis and Seth.

Buying Property in Luxor

When buying property, flats, apartments and villas, in Egypt it is important to buy from an owner with a proven track record who you have some kind of hold over. This gives you power in the business relationship and makes sure your investment is protected. With a strange legal system, in a language you cannot read or understand, you need this added protection. We are that owner. I have a public traceable record going back over 30 years, do have a look at my LinkedIn profile with recommendations for my business career going back to the 80’s, search on my name it is unique, well known and traceable, look at our business recommendations on Trip Advisor, Lonely Planet, Rough Guide and Responsible Travel, and finally read the articles about us in the Boston Globe, Sunday Times and Daily Telegraph. Our business Flats in Luxor Group is registered and licensed in Egypt. We are owners you can trust, with a proven business record and an established business which we want to protect. You can buy with confidence from Jane Akshar and Mahmoud Jahlan

PS applies to long term rentals as well

Price List
Currently I have 20 flats and 6 villas for sale so plenty of options. Prices range from $50,000 USD with the three bedroom places starting at $150,000 USD. The Desert and Ezba villas would be projects with the owner deciding on design and finish so aren’t priced.

• East Bank
o One bedroom ground floor
o Three bedroom 2 bathroom first floor
• West Bank
o Arabesque house (access to Goubli facilities)
 Two bedroom ground floor
 Three bedroom first floor
 One bedroom penthouse
o Goubli (with swimming pool and restaurant)
 Three bedroom 2 bathroom (g, 1, 2, 3 floors)
 One bedroom penthouse (planned)
o Al Gezera (with swimming pool)
 Three bedroom 2 bathroom (1, 2, 3 floor)
• Villas
o One bedroom domed villas (access to Goubli facilities)
o Ezba villa partially complete
o Desert Villa partially complete

If there isn’t something in that little lot that takes your fancy I will be surprised. All these properties have proper papers and we would arrange transfer. We would be prepared to manage any property sold for 15% of gross rentals. I would love to take you round and let you have a look.

Why Should You Invest In An Overseas Property In Egypt? » PYXISM World Travel

Why Should You Invest In An Overseas Property In Egypt? » PYXISM World Travel: "The all year-round sunshine and also the current accessibility to low-cost flights had resulted in a major development boom within the region.

Traditionally, a location for culturally hungry tourists along with a standing location for winter season sun-seeking European holidaymakers, Luxor has become stirring the pursuits of Egyptian real estate purchasers. Even though a large-scale property development is fairly new at all to Luxor, the possibility for early investors is big. Luxor straddles the historical Nile River and is located in Egypt’s historical heartland.

Each year, thousands and thousands of tourist visit Luxor and where ever there are vacationers, there’s a need for quality rental property.

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Egypt Properties-Buying Egypt Property for Sale is a Notion to Consider | Egypt Property

Egypt Properties-Buying Egypt Property for Sale is a Notion to Consider | Egypt Property: "Trading with reputed developers is of increased pertinence and judging the track record of the developer, before getting into any legal contracts, is also of considerable relevance."

Couldn't agree more and Flats in Luxor are happy to provide references

Buying Land in Egypt

Business Feed Article | Business | guardian.co.uklots of encouragement from the Egyptian government towards foreign property investors

Hathor Flat Sold, Luxor, Egypt

We are delighted to announce that we have sold the Hathor flat at Goubli. The new owner does not intend to be there all the time so it is still available for rent but this welcome injection of cash will enable us to set up our own electric substation which will make a terrific difference to the a/c at Goubli. Especially as summer is coming.

Mahmoud has already bought some land, within 40 minutes actually, :), next to Goubli and intends to develop some more property as well as a Nubian eco village on our existing land. So he is going to busy for the next year.

The new owner had taken the precaution of checking with Samir Farag, the governor of Luxor, who confirmed that our land was not scheduled for redevelopment and was a good position to buy. Which was nice confirmation for any other potential buyers.

In Egypt, Living on a Farm - NYTimes.com

In Egypt, Living on a Farm - NYTimes.com

Great story about a lady I know of. I have had some of her guests come to my apartments and rave about her wonderful horses. Interesting comments about how foreigners can own land in Egypt

Egypt Is Attracting A Growing Number Of Overseas Property Investors | A Blog About Personal Finance

Egypt Is Attracting A Growing Number Of Overseas Property Investors | A Blog About Personal Finance

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.

Another article on why you should buy in Egypt

Why buy real estate in Egypt

Egypt may seem like an exceptionally unusual choice as a location in which to invest in real estate sure, its a great vacation location with its 7,000 years of history, its near perfect year round climate, stunning beaches and beautiful divingbut what does it have to offer someone wanting to invest in real estate as a commodity?

The answer is Egypt is actually fast moving from being an emerging real estate market place to a well established one because the levels of foreign direct investment into the real estate sector have increased based on some excellent fundamentals.

For example, Egypt is now considered to be a politically stable country and one that is absolutely pro-western, meaning that an investor can be confident in the political stability, will and vision of the nation. Next up, the economy in Egypt is going from strength to strength. According to The Economist magazine GDP grew by 5% in 2005, almost 7% in 2006 and is on target for over 7% growth in 2007.

A strong economy gives confidence to investors as well but it also means local people have more buying power which creates the perfect environment for house prices to rise in value and an investors real estate assets to appreciate.

Aside from these excellent foundations on which an investor can build confidence there are some travel and tourism angles you might like to consider when thinking about whether Egypt is worth a closer look as a place to invest your hard earned dollars into immovable property.

First up theres excellent statistical news and data from the World Travel and Tourism Council, they say Egypt is on track for enjoying 21.4 billion US dollars worth of economic activity from the tourism market in 2007 and that the nations travel and tourism growth rate is expected to hit almost 8% this year before averaging around 5 and a half % per annum until 2017.

Clearly there will be massive rental demand for accommodation that a property investor who buys well located real estate can benefit from. Boosting this demand is Egypts exceptional climate and the fact the nation is now cheaply and swiftly accessible from Europe and the UK thanks to cheap flight operators.

Finally, if you want more reasons why to buy real estate in Egypt think about the fact there are no capital gains or death/inheritance taxes in Egypt and the government has now made it easy and safe for foreign buyers to own a home or multiple real estate assets in Egypt and surely you have enough evidence to support taking a closer look at the Egyptian property market.

Rhiannon Williamson writes about property investment worldwide,

Now is the time to buy property in Egypt according to analysts

Egyptian Property: Too Good to be True or Too Good to Miss?

The recent media reports relating to the real estate market in Egypt paint a picture that would make anyone think twice about buying property anywhere else. Even the Prime Minister of Egypt believes that the construction industry has just witnessed a 15% expansion. But are all these tall tales about the success of the Egyptian property market too good to be true, or do they illustrate a picture of an investment asset that really is too good to miss?

The thing with Egypt is that it is an undeniably amazing country in terms of its travel and tourism appeal. It’s not like the authorities, tour operators or property professionals have got to flog a semi-decent location like Bulgaria is it?! Egypt has year round sunshine, it has the Red Sea, it has incredible beaches, it has the pyramids, Cairo, Alexandria, Tutankhamen – I mean, it has it all in abundance! And what’s more, the tourism industry is truly thriving…up 20% in 2007 on 2006 levels, set to increase by about 7% on average a year for the next ten years, and being targeting for inward investment by the government seeking to stabilise and diversify its economy.

So, the fact that the entire fledgling real estate industry is built on tourism makes property in Egypt initially seem like a no lose commodity. Surely as tourism numbers rise and rise and rise and all these amazing developments in all these amazing resorts are built and sold, so those who buy will be able to let to the tourists coming in and profit right? Well, yes…and no. What about all the hotels in Egypt? And all the hotels that are being built in Egypt? And the fact that tourists still prefer hotels with all their facilities and conveniences to self-catering? Aye, there’s the rub, not every tourist visiting Egypt is going to want to rent a fly-to-let investment property belonging to someone from the UK who has invested their life savings into what is being oversold as an amazing investment asset ‘guaranteed to double your money, honest.’

Sigh…

Sorry, we got carried away – it’s just that we despair when we see developers advertising properties for sale in untried and untested emerging markets with ludicrous promises about guaranteed rental yields, guaranteed capital appreciation and guaranteed returns. Yes Egypt is potentially a great place to invest, yes there are amazing fundamentals supporting the development of the nation economically speaking…but come on, it’s not a sure bet. Please, proceed with caution and look at any investment opportunity with just a little suspicion if you want to do the best for your money.

Apartments and Property for Sale from Flats in Luxor

Investors will have noticed the rash of developments in Luxor and this will give you an idea of how advantageous it is to buy a holiday property in Luxor. Both national and regional government are positively encouraging development of the area and it is a very exciting place to invest your money. Capital growth is assured. Land prices are sky rocketing and those buying property in Luxor now will be able to sit back and watch their investment grow.

We aim to provide small intimate developments but with all the facilities of a major complex. Peace and quiet and away from the crowds. None of our buildings have more than 7 units and rather than buying off plan our properties are already completed and available for inspection. Dealing with our registered Egyptian company Flats in Luxor Group you can be assured that investment is safe. All our property is built on private land so no problems about land ownership. You can buy with confidence from Flats in Luxor.

We have property in Luxor on both the East and West Bank and every apartment has the same loving attention to detail, Mahmoud has very high standards and nothing is skimped and shoddily finished. We offer you a quality flat in Luxor in a small development direct from us, Jane Akshar and Mahmoud Jahlan. No big anonymous companies to deal with when you buy from us. We are always available personally to advise you and to look after the property should you not be in residence. Our trusted and reliable staff can help you with errands and improvements. One of our owners wanted an unusual painting job done on his flat so we got our painter to give him a star studded ceiling. Different but that is our specialisation, individual attention for our owners.

Apartments are for sale at: East Bank, Al Gezera, Goubli and the Arabesque house. We also have plots of land where we could build you a dream villa in Luxor. Let us show you around and you can see for yourself a property in Luxor should come from Flats in Luxor, the original and best apartments in Luxor.