Egypt is an ancient and historical country. Over the years it has been attracting people through its rock carving and cultural back ground. People visit every year to see the pyramids and great Sphinx. Moreover, the river Nile adds to its beauty. From the commercial real estate investment perspective it is considered as a lucrative place. Not just because it has the potential to attract the tourists, or because it has red sea that people view as the best place in the world for scuba diving, but also because it has become a holiday destination for the people, not to mention its uncomplicated property laws. We all know that the property tax is imposed by the government on the commercial or residential properties. The property is assessed and given a value and then a certain percentage or amount is fixed as tax. The revenues generated by the government are used on the economic and infrastructure development of country. The real estate laws in Egypt are considered much more flexible than UK or other developed regions property laws. The real estate market in Egypt provides greater yields to the investors. That is why it has become a place to enjoy, invest and to do business.

Some recent reports say that the government is about to introduce the new property tax law. This law will bring the expensive property holders under the tax net to generate revenue. According to the government officials the tax burden will be minor. But the wealthy property holders are against it and they consider it to be a huge financial burden. Experts say that the government is waiting for the economy to get more stabilized before they introduce this tax and they say that the new property law will be beneficial for the economy. In my personal view the perspective of the investor should be kept in mind when making laws. The investors find Egypt attractive due to its uncomplicated property laws and this quality of Egyptian property market should not be compromised in any way.