Egypt Sees Surge In Interest From Brit Homebuyers

Egypt has seen an increase in interest from British overseas homebuyers, while interest in the UAE due to developers in the region failing to target potential buyers in the UK, according to a new list.

According to London-based TheMoveChannel.com’s Top of the Props latest rankings, the three biggest investment locations favoured by British overseas homebuyers were Spain, the US and France.

Within the Arab world, the UAE has remained unmoved at number 19, while Egypt has seen a surge in interest and has shot up ten spaces to 18th place.

“While the UAE has shown tentative signs of an upturn in activity, there has so far been a reluctance from agents and developers in the region to renew the long-distance international threads of their marketing activity,” Dan Johnson, managing director of TheMoveChannel.com, said of the UAE’s low placing on the list.