Egypt Property

Egypt Property

The Reasons to Buy Real Estate in Egypt

If you want to invest in real estate and someone suggest Egypt as the likely place, how will you react? No doubt as a tourist interest Egypt gives you a glimpse of a 7,000 years old history, with innumerable historical sites, beautiful beaches, and a perfect climatic condition the year round. Extremely perfect setting for a few days of fun and frolic; but invest in real estate? No way.

In fact, besides tourist interest, other factors that can interest you in Egypt property are all present. Like, for example, direct foreign investment level has been rising steadily over the years and Egypt has established itself as a real estate market. (more…)

[Continue reading: The Reasons to Buy Real Estate in Egypt]

---

Why Should You Consider Property Investment in Hurghada

With the propagation of globalization investment emphasis has been shifting from home ground to destinations far away from their traditional property markets. The most popular destination for such overseas investment are the tourist hot spots. Amongst the tourist hot spot that has become very popular in Egypt is the resort of Hurghada on the Red Sea.

Once a sleepy fishing village on the Red Seas, it caught the fancy of tourist and soon Hurghada became a beautiful resort that transformed into the most popular tourist hot spot in Egypt. Hurghada provide luxury hotels that provide a variety of activities that make staying a pleasure. All types of tourists make Hurghada their destination starting from the backpackers to those who love scuba diving. All of them eager to enjoy the ambiance of the Red Sea coast to the fullest.

Hurghada has become so popular that in order to keep up with the tourist traffic and to cater to them, infrastructures have been developed that includes the modern international air port which has been connected with Hurghada for the benefit of the international tourist traffic. With investment in Hurghada becoming so popular some the low cost air line operators have introduced flights directly to Hurghada.

Egypt went through an economic crisis recently followed by currency depreciation. This might have caused damaged to other areas of Egypt’s economic, but for the tourism industry it was a boon. With the currency nose diving in Egypt the tourists from UK found it very affordable to get out from their home and make a beeline for Egypt. With the Euro getting stronger against Sterling, those tourists that traditionally had made Mediterranean their favorite holiday destination found the going tough. Therefore European-bound tourist began to choose Egypt as their alternate holiday destination. With Egypt becoming a cheap destination the euro tourist began to pour in to enjoy their enhanced buying power.

With the explosion of tourist in Egypt, property developers saw the opportunity of expanding infrastructures to cater to the international holiday makers. Within Hurghada a number of prestigious projects began to be developed. In the Red Sea region a huge project called Gamsha Bay went off steam. The scope for foreign investors also increased with the expansion of Hurghada.

With the expansion of tourism industry in Egypt, the opportunity for the foreign investors also expanded dramatically. As the market for property was still in its nascent stage, the cost of real estate was quite low. This was an excellent opportunity for foreigners investing in property that has good capital growth over time. The Hurghada region itself was clocking a growth rate of 20 percent annually. It is estimated that this growth rate is going to continue at least for the next five years. This growth rate was more than that of the traditional property markets.

[Continue reading: Why Should You Consider Property Investment in Hurghada]

---

Demand for Hurghada Property Are on the Rise

Hurghada as a holiday destination offers you the best of both worlds; the ancient as well as the modern. You will be transported to an ancient world when you find yourself amongst the splendors for the pyramids exploring a civilization that dates back nearly 7,000 years back. You can also while away your time on the golden beaches and experience the diving pleasure in the blue waters of the Red Sea. Or you can enjoy the beautiful landscapes of the Sinai desert.

Hurghada on the Red Sea is the most popular amongst the Egypt’s resorts. It is patronized by local population as well as international tourist. With an wonderful climate, blue waters of the Red Sea, scuba diving is one of the most popular activity that the tourists enjoy. Along the white sandy beaches there are various watersports that are available to the visitors. The evenings can be enjoyed in bars and restaurants that line the seashore and their range start from the mid to the luxury ones.

The popularity of Hurghada is something to be seen to be believed. Those who wish to buy property at Hurghada with the intention of making it a home away from home will find the climate wonderful and the local population very friendly. The popularity and the development of the region have pushed the demand for property at Hurghada very high and it is predicted that the demand will continue in future as well.

Egypt is a very old civilization and had been closed to most outsiders who were only interested in the ancient artifacts of the land. Only recently it has opened up its doors for the outsiders. Hurghada started its journey only about ten years ago. It was a sleeping fishing village that transformed itself into the now fashionable beach resort. It has around 35,000 local residents. The town is divided into two parts Ad-Dahar and Sigala. It is in these areas that most of the hotels and restaurants are situated. Retaining the character of their ancient tradition there are bars that cater to all types of tastes and within budget for every pocket.

The demand for property in Hurghad is increasing due to its easy access and availability of various facilities for aquatic sports. It has become famous for its aquatic world as more and more people are taking interest in aquatic activities. From the experience to the amateurs all seem to get interested in aquatic sports once they get near the waters of the blue sea. Kiting, seafaring, windsurfing, deep-sea fishing are some of the popular water sports that the tourist can enjoy. Amongst these water sports, scuba diving is the most popular one and Hurghada has become a hub for scuba diving. The abundance of variety of fish and the beautiful coral reef is where most tourists would like to go for scuba diving. And those who miss their golf back home also has their wish fulfilled with 18-hole golf course at El Gouna, besides Hurghads itself has a par 3 golf course.

Hurghada started its journey in the early 1990s. With the help of Americans, Europeans and Arabs investing in the area, turned the sleeping village into a tourist haven. It takes less than ten minutes to travel to the resort area from the Hurghada International Airport. With the development of the resort area the rental market is projected to grow strongly.

The present government is very investment friendly and doing all it can to attract foreigners to buy property at Hurghada. The rules and regulations for property buying have also been simplified so that foreigners have no difficulty in buying property.  The buyers are offered freehold properties and mortgages, tax benefits and simple registration process.

The coast line of the Red Sea in Egypt has attracted property developers from the Middle East and Europe due to the high influx of tourist from all around the world. This has prompted large project development in Hurghada and its areas around.

Now Hurghada still offers properties at bargain prices which can give value for your money if you care to invest in it. With availability of properties at reasonable price and government offering fiscal benefits to those interested in investing in Hurghada, it’s a good case for long term investment.

[Continue reading: Demand for Hurghada Property Are on the Rise]

---

Skiathos Greece hotels

Read More Posts From Egypt Property »