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For those that are looking to buy in Egypt there are some things you should be aware of.

Firstly there has been a new law passed within the last few months which does not allow foreigners to buy freehold. This can be bypassed through extended leasehold periods.

Secondly a foreigner can only own two properties in Egypt. Though this will not effect everyone. This too can be bypassed by putting any additional properties in a partner's name or similar.

Thirdly build quality is not always up to standard so it is worth looking for developers that are building to a more European standard.

Also it is highly advisable to register with an Egyptian Notary to safeguard against fraud on your property.

[dicconzane]

That aside Egypt does offer incredibly good investment opportunities with rates of growth exceeding most if not all of europe. For an independent analysis look at channel 4's a place in the sun website.

And as far as the troubles in Israel at the moment the foreign office report does not see Egypt getting involved. They have taken on a role of mediator, which they are unlikely to relinquish due to the power and status this affords them.

For those looking to invest Egypt is somewhere worth serious consideration but as always look around for developments that are being built to a suitable standard. And further than that different agents may be selling at different prices depending on the mark up and percentage they have negotiated. It may be possible to get a far superior offer for a similar price, or a similar offer for a cheaper price, even within the same development.