Profitable Investment Real Estate For Sale in El Gouna, Egypt
El Gouna is known as a luxury world-class resort town that is located on Egypt's Red Sea coast, roughly 25 kilometers or 15 miles north of Hurghada, Egypt.
There are many reason why El Gouna is an attractive location to invest into luxury real estate for commercial or for personal reason, including that Egypt has no property tax or capital gains tax on real estate sales for non-residents.
This makes El Gouna particularly attractive to foreign investors and retirees looking for a tax-efficient property destination.
El Gouna is often described as Egypt's premier resort destination, known for its elegance, sustainability, and international community.
Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
