Why is Egypt property cheaper than Moroccan?

[Investy]

Anyone have any views on why this might be?

 

[andyk2]

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.

 

[Lee Filkins]

subject

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.

 

[rossantony]

so many reasons...

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!!!!!

 

[manor park]

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

 

[flip]

Anyone have any views on why this might be?

Becouse its very hard & expensive to get finance.