Egypt Properties

Egypt Properties-Property Investment in Hurghada

Property Investment in Hurghada

Over the course of the past two years, there has been a shift of emphasis from investors away from the more traditional property markets throughout Europe to destinations further afield. At the forefront of this change of investment interest is the tourist hotspot of Egypt, and in particular the popular Red Sea resort of Hurghada.

The large increases in visitor numbers to this beautiful resort have changed the once sleepy fishing village into one of the Red Seas most popular tourist destinations, complete with a wide range of leisure activities and luxury hotels. Popular with a wide variety of tourists, large numbers visit Hurghada every year, ranging from travelling backpackers through to the most experienced of scuba divers. All keen to sample the delights of this stunning Red Sea coastal region.

The recent development to Hurghada has fortunately extended through to its infrastructure, and today the region is served by the modern international airport. Increasing number of low cost operators have also announced direct flights to Hurghada, which only bodes well for the tourism and investment opportunities within the region.

It should also be noted, that the recent economic crisis, and the subsequent currency fluctuations which have followed, are likely to bear fruit for Egypt’s expanding tourism market. Holidaymakers from the UK, one of Europe’s largest package holiday markets, have seen the traditional Mediterranean holiday destinations become increasingly expensive due to the relative strength of the Euro against Sterling. As such, non-euro destinations such as Egypt become increasingly attractive in recent months. Similarly, tourists from major western European destinations are likely to be buoyed by the new found buying power of their Euro are more likely to make trips abroad. 

This expansion in the market for tourism in Egypt has not gone unnoticed by the major property developers in the Middle East and Europe, and already a number of major developments such as Gamsha Bay have been announced for the Red Sea region. As well the major projects, a number of high quality, smaller projects have also been announced within Hurghada itself which will provide an effective range of options for property investors interested in buying a property in Hurghada.

As well as the opportunities through the expansion of Egypt’s tourism industry, investors have also been encouraged by the relatively low price of property in the region, providing an excellent opportunity for capital growth over the coming years. Current estimate are placing these growth rates in the region of 20% per annum for the next five years, a rate not found throughout many of the more traditional property investment markets.

Without doubt, Egypt, and in particular Hurghada with its beautiful beaches and scenery, offer a strong economic argument for investing in property in the region. It is likely that we will see an increased level of interest in the region over the course of the next few years.

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Egypt Properties-Why Property In Egypt Is A Great Investment

Why Property In Egypt Is A Great Investment

While the pyramids may be the first thing that comes to mind whenever anyone mentions Egypt there is more to this oasis in the desert than the tombs of the pharaohs. With twelve months of sunshine, scorching temperatures and a fascinating history and culture it is understandable that so many are now deciding to buy property in this wondrous country. The climate combined with the hospitality of the locals is a powerful lure and probably the reason that such a large ex-pat community is being built in Egypt.

Currently, property market analysts in Egypt are seeing a rise in property sales across the country but particularly in Red Sea resorts such as Sharm el Sheikh. Agents in the country are extremely busy dealing with foreign buyers. Seemingly it is not only the lure of the fine weather and culture, the chance to make a profit on Egyptian property is also a strong incentive.

One of the reasons behind this boom in the property market is down to government initiatives to levy restrictions on building in the Sharm area. The levies are however only temporary meaning those who have land in the area are rapidly developing their plots while the restrictions have been lifted; otherwise they may lose their plots due to reclamation. The reasons for this policy are twofold; firstly the government wants to eliminate those speculating as the resort becomes more popular and secondly as the popularity of the resort increases, the government want the cranes gone so as not to ruin the atmosphere and vistas.

Another reason why so many Brits are deciding to buy property in the Red Sea area is the prices. Comparatively, prices in this area are far more affordable than in Britain; especially considering that a lot of the properties for sale are beach front. In terms of prices, most affordable are the apartments; both single and double bedroom varieties. However it is not just apartments for sale, properties vary from small to medium houses right up to luxury villas.

While the popularity of Sharm el Sheikh may be at an all time high, other resorts such as Hurghada and Marsa Alam are also experiencing a boom. Naturally prices in these resorts will be less than those in Sharm although for properties right on the beach a premium will still be added. For the more affordable properties, a five to ten minute walk from the beach will result in a drop in prices.

It is not just those buying second homes in Egypt however, increasingly there are many buying property to realise rental opportunities. Experts are estimating that the rental market will continue to grow in the Red Sea resorts as they become more popular with tourists. Reasons behind this increase in popularity include the excellent facilities in these resorts such as restaurants and bars as well as the amazing diving on the Red Sea reefs. In collusion with these powerful lures, an increase in both chartered and scheduled flights to the region will only bring greater numbers of visitors. For those who are trying to spot a possible future investment, Marsa Alam has been identified as a resort with unbelievable potential.

As Brits clamber to secure property in Egypt it is advisable to be at the front of the cue. Investment potential is strong while having a second home where the weather is almost guaranteed to be good understandably makes the Red Sea resorts immensely popular with foreigners. As the ex-pat community grows and rental incomes become a viable means of income, it is doubtless that the popularity of these resorts will increase.

Egypt Properties-Egypt ? a Sound Emerging Property Market

Egypt ? a Sound Emerging Property Market

With over one million UK holidaymakers visiting in 2006 and property price rises already outstripping most emerging markets, experts are predicting that Egypt could offer one of the greatest overseas property investment returns currently available worldwide.

According to Egypt’s Tourism Authority, over one million UK holidaymakers visited Egypt in 2006, representing a 25% increase on the previous year. Property price rises are already outstripping most emerging markets and experts are predicting that Egypt could offer one of the greatest overseas property investment returns worldwide currently available. Average property prices in Egypt are expected to rise by 20% in 2007.

Since Egypt’s Economic Reform Program in the early 1990s, which focused on stabilising the economy, improving public finance and exchange rate policies, the economy grew by 6% in 2006 and the anticipated growth this year is 7%. Property purchase is relatively simple in Egypt requires no purchases taxes, stamp duty, income tax nor capital gains tax and there is no restrictions on freehold ownership of property for foreigners.

A rapidly expanding tourist market, the country, which is on course to welcome 16 million visitors from around the world by 2014, has benefited from one of the fastest growing property prices in the world, with the average property price rising by 50% in the last two years. It also offers one of the highest returns on investment worldwide, with rental yields in key tourist resorts reaching 11% compared to 4-6% in the UK.

Despite the recent boom, current prices still reflect Egypt’s status as a new player in the property market and offers excellent value for money.

A 1 bedroom apartment on Egypt’s Red Sea coast could be purchased at around £25,000GBP. ,000 USD.

However, prices aren’t expected to remain at these levels for long, as demand soars. Approximately 2,000 properties where purchased by overseas buyers in 2006 and this figure is expected to double in 2007 and reach 10,000 by 2010, pushing prices up by as much as 20% per annum for the next three years.

More information regarding property in Egypt can be found at www.offplanpropertyabroad.com

Egypt Properties-Overseas Property For Sale – Egypt Has It All

Overseas Property For Sale – Egypt Has It All

If you’re looking for an overseas property for sale, Egypt is the country of choice for investors, as investors are benefiting from high returns from both rental yield and capital growth.

Property Investments

In recent years Egypt has started to attract an increasing numbers of visitors and property buyers alike. Apart from the resorts, the majority of property investments are taking place in the major cities, such as Cairo and Alexandria, and the major cities are currently attracting as much as 25% annual capital growth.

When you’re looking for property for sale, Egypt offers old properties, new builds, and off-plans. When buying off-plans (buildings not yet built, and the sale is based on the plans of the building) you get the opportunity to reserve your property at around 30% below market value. The reason properties are offered at a reduced price is to attract individuals who are in no hurry to take occupation, but realize the significant savings of early purchasing. Buy-to-let investors can hope to achieve good rental yields from a well-located property as the climate in Egypt supports a year-round tourism industry. If you’re a looking for a commercial property for sale, Egypt is an attractive location for shopping mall developers, as the total number of malls in the country is relatively low for a population of 72 million.

Tourism

Egypt is a vast and wonderful country and is synonymous with pyramids, Pharaohs, and temples. Egypt is an unmissable destination and it remains one of the world’s most fascinating travel experiences. Throughout history it has attracted many famous travelers, archaeologists, treasure hunters and, more recently, sightseers wishing to see the famous sites of ancient Thebes, Aswan and Cairo. Egypt is also a hotspot for divers as the water is warm, there are beautiful coral reefs that are home to an abundance of colorful sea life, and there are several ship wrecks to discover.

Remember that Egypt is a conservative society, and visitors should respect local customs and sensitivities, and dress modestly. For women especially, the wearing of long skirts or loose fitting trousers, and shoulders covered, discourages physical and verbal attention.

Geography

Egypt is bordered to the north by the Mediterranean, to the south by Sudan, to the west by Libya, and to the east by the Red Sea and Israel. Egypt is in the arid desert belt and it is very hot in the summertime and cool at night. In the wintertime it is warm during the day but cold at night. Most of the country is covered by desert, except in the valley of the Nile River where 95% of the population lives.

Conclusion

Egypt is growing both in the tourist market and the property market. Investors looking for a low risk place in which to invest their money would be wise to seriously consider Egypt. Once people realise that Egypt is more than just history and culture, the Egyptian property market will really escalate, and when that happens, investors who have bought into the property market early are certain to make a very good return on their low risk investment. The crucial point when purchasing a property in Egypt is to find the right property in the right location and getting it at the lowest price possible. When such a purchase is based on careful research and advice, your property can provide you with a secure and profitable investment. So when you’re looking for an overseas property for sale, Egypt can offer you many benefits and rewards.

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Egypt Properties-Sharm El Sheikh Leads The Red Sea Property Boom

Sharm El Sheikh Leads The Red Sea Property Boom

Over the past few years the resorts surrounding the Red Sea have witnessed a property boom which parallels those of Spain and Dubai in recent times. At the forefront of this increase in demand is the resort of Sharm El Sheikh, ideally situated on the southernmost tip of the Sinai Peninsula. Buoyed by a rapidly expanding tourist industry, Sharm El Sheikh is today one of the most popular destinations for people looking to purchase a property in Egypt.

Before we look at the various reasons for this increase in demand, it is important to fully understand Sharm El Sheikh’s position within the Red Sea resorts, to establish why this resort in particular has proven so popular with tourists from as far away as Russia, the Far East and the United States. Without doubt, the visitor figures for Sharm El Sheikh far outweigh those of any other Red Sea resorts including Hurghada, Dahab and Marsa Alam. In fact, this week saw a major UK tour operator announce figures showing a year on year increase of over 140% for holidays in Sharm El Sheikh, with bookings showing no signs of slowing.

Through its gradual evolution from a sleepy fishing village, Sharm El Sheikh has rapidly expanded, and was one of the first of the Red Sea resorts to embrace ‘package holiday’ style tourism. Accessed through the major international airport just north of the main town, Sharm El Sheikh was successfully presented to the large European package travel industry as the ‘Gateway to the Red Sea.’ A direct result of successful marketing initiatives throughout Europe, increasing numbers of tourists have travelled to the region over the past 10-15 years, many of whom chose to return time and again.

So what is it about Sharm El Sheikh that proves so popular? Indeed why do so many visitors choose to return to the resort on a regular basis, often choosing to buy property in Sharm El Sheikh? The bulk of the regions success should undoubtedly be attributed to the superb all year climate which Sharm benefits from. Offering residents year round sunshine, with temperatures only dipping to a comfortable 24 degrees in the winter, it is easy to see why so many visitors eventually choose to purchase holiday or retirement homes in the region.

As important is the location of the resort, and in particular the accessibility it offers to the clear blue waters and coral reefs of the Red Sea. From the clean, white sand beaches, through to the world class scuba diving sites, Sharm El Sheikh is a haven for the water sports enthusiast. In fact, ever since Jacques Cousteau unearthed the Red Sea, the region has acquired almost legendary status amongst the scuba diving fraternity. Today, large numbers of dive boats travel to and from the small harbour just south of the main town, offering divers access to the famous dive sites such as the Thistlegorm Wreck, the Straits of Tiran and Ras Mohammed National Park.

Traditionally, Sharm El Sheikh has offered investors the opportunities for considerable returns on their investments, and despite the increases of the past couple of years, Egypt still offers value for money for people looking to purchase property. With the price of property in Sharm El Sheikh currently increasing by almost 30% year on year, it is easy to see why the region is considered to be one of the leading property investments available at present.

On the back of the increasing demand for high quality property in Sharm El Sheikh, new regions such as the luxury resort at Nabq Bay have evolved in the last year, and already the developments there are proving to be commercially successful for both developers and investors alike.

Given the increasing value of the Euro, coupled with the increased accessibility to Sharm El Sheikh through cheap flights, it seems likely that the demand for property in the region will continue for the foreseeable future. For people looking to purchase a property in the Red Sea, Sharm El Sheikh is well worthy of lengthy consideration, and genuinely deserves its reputation as the ‘Gateway to the Red Sea.’

Welcome to Digital Egypt, providing Egypts first Web Based Information Portal, for Real Estate and Property Developments, as well as Business Information, Powered by GIS. You can start the GIS Application to search for real estate and properties, find businesses, locate streets and landmarks, view photographs, measure distances and obtain point coordinates, by going to www.digitaleg.com . If this is your first time visiting Digital Egypt, you can watch a video series in English or Arabic, tutorial that shows you step by step how to use our GIS application.
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Egypt Properties

Marsa Alam Property Set To Be Biggest Story In Coming Decade

Marsa Alam, on Egypt’s Red Sea coast is set to be one of the biggest stories in overseas property in the coming 5-10 years. Whilst Hurghada and Sharm El Sheikh are known as some of the hottest property markets in the world — Marsa Alam is a new, young, emerging market with many of the same qualities and the same phenomenal potential for growth.
 
Marsa Alam property carries many of the same benefits of those mentioned above. However, because Marsa Alam is one of the latest property markets to spring up on Egypt’s Red Sea coast, property prices in the area are slightly lower than the two aforementioned hotspots. Studio apartments for sale in Marsa Alam start from around £20,000, 1 bedroom apartments start from around £25,000 and 2 bedroom apartments from around £38,000.
 
As many people will know, Egypt’s Red Sea coastline is famous for its scuba diving, and Marsa Alam is one of the best loved scuba diving hotspots within the Red Sea Riviera. And why not; with winter temperatures in Marsa Alam range from 18-35 degrees Celsius, and this goes up to 20-45 Celsius in the summer? Talk about a year-round-warm climate.
 
And therein lies one of the biggest attractions of property in Marsa Alam and the wider Red Sea Riviera; a warm climate all year round gives the potential for year round holiday rentals. This is, of course also a draw for lifestyle buyers, because they know that they will still have warm weather if they choose to use their property only in low-season.
 
This however is where Marsa Alam’s immaturity kicks in: compared to Hurghada and Sharm El Sheikh, Marsa Alam is still very early in its growth as a tourism hotspot. That said: the potential for growth is huge as people expand their horizons to explore new parts of their much loved Red Sea Riviera and as the Egyptian government and tourism companies step up their marketing efforts in the coming years.
 
One must also remember that most of the Red Sea Riviera is protected from development as part of government nature reserves. This means that development will naturally spread out to other areas of the region. So while 2010 maybe the year that Sharm el Sheikh and Hurghada really start to take off, in 2-3 years time, when demand is massively outstripping supply, in will come Marsa Alam at prices much higher than they are now into a seller’s market. Therefore the time to buy is most definitely now.

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Egypt Properties-Property & Real Estate Investment in Egypt

Property & Real Estate Investment in Egypt

The main reasons Egypt is so popular with property investors are its stable economy and comfortable standard of living. At present the price of property in Egypt is still within the means of many buyers, however as prospective investors realize the countries potential these prices are anticipated to grow rapidly.

Seen as an emerging property market, Egypt has already demonstrated strong returns for those who invested early, some have reached 20-30% per year depending on the area. The government has stepped up its promotion of the country and is dedicated to modernizing Egypt’s communications and transportation networks in preparation for the arrival of visitors to the country.

The popular Red Sea coastal resorts and main cities of Cairo, Luxor and Alexandria have received the main attention from overseas property investors. Various development projects are underway or have already been completed in the coastal resort regions. Due to this there has been an increase in tourism leading to a significant boost in demand for property in Hurghada, Sharm El Sheikh, El Gouna and Marsa Alam.

What has caused Egypt to become more popular during the last few years? Generally, people are drawn here for its interesting and exotic culture and traditions, yet it also manages to be modern in its provision of amenities. Egypt has the advantage of being just a short flight away from most major European cities, it can offer the ideal climate, has a stunning coastline and a broad range of activities and sights. Currently the country has a healthy economy and the government is energetic in its promotion of the country to tourists and visitors, these are just some of the basic ingredients needed for investors looking for long term returns from property in Egypt.

As Egypt receives more visitors each year, the demand for high generating short term holiday rentals increases and with a year round warm climate the continual holiday rental is also positive. Budget airlines have already organized flights to the Mediterranean and Red Sea resorts, minimizing the time the journey takes and the cost. There are regular flights operated by British Airways and Egypt Air between Heathrow and Cairo International Airport where a connecting internal flight can then be taken to the coastal resorts of Sharm el Sheikh, Marsa Alam, Hurghada and Taba.

Over the long term, investment opportunities for Egypt real estate are positive, for anyone thinking of investing in property here this is the best time to do something about it as the economy is steady. The Egyptian government is busy marketing the country to overseas investors through tax breaks and a simplified purchasing procedure. The costs of labor in Egypt are low, the standard of living economical and tourism levels are on the increase.

Spain and Turkey have been the leading destinations for property investment for many years, however that is changing as Egypt emerges as a promising destination for investment purposes. As Egyptian resorts continue to provide first rate amenities and the number of visitor’s increases the potential for rental returns is high.

Egypt Properties-Why It Is The Right Time To Buy Property In Egypt Now

Why It Is The Right Time To Buy Property In Egypt Now

Egypt is one of the most exotic places that one can think of buying and selling property. The reason so many peoples attention has been drawn to Egypt is because life there is easier compared to many other places in the world and the economy there has had a steady growth in recent years. A owner of a property in Egypt will have the least difficulty in selling his property even though the entire global economy may be facing a crisis there has been quite reasonable pricing of the properties here.

One has to also keep in mind that due to the people realizing the worth of the properties in Egypt there has been a constant rise in their prices that have been marked right now. It is a certain thing that there will more rise in the prices of the property in Egypt that can be attributed to so many other factors. Anyone that has purchased property in Egypt previously will admit that they have been able to save a good 20% on their resources.Another approach that has been taken as well is the fact that the Egyptian government has begun to start more programs for the purpose of development. The properties in Cairo, Egypt, the capital of Egypt are being focused for improvement. This place alone is sufficient to attract so many people due to the significant changes that have been brought about here.

As tourists come to explore the popular areas of Egypt, there are more and more demands for growth in these cities, and mainly they are the ones that are on the coastal shore of the Red Sea which would include Alexandria, Luxor, Sharm Ek, El Gouna, and Hurghada. Many people are not able to understand the reason for rise in status of Egypt suddenly. There are more than one reason as to the increase in the demand for property here. The first reason for this is that the properties are very distinctive and outlandish here. The mode of transportation is one of the easiest to procure here when one is in requirement of it. One just cannot imagine the kind of events that are conducted here in Egypt which anyone be it for just vacation or the ones that are planning to settle here can participate in. There is a very tropical weather with the lovely fresh air coming from the beach that is so soothing.

It is the secured economy of Egypt that is most attractive to so many people. Egyptian government is very responsible in taking care of the essential things such as property here. Since there are so many people that tour Egypt, there has been a lot of money invested into Egypt because of the thousands of people that tour the location year round. If you are someone that is interested in investing in some property in Egypt, then now would be the best time to do so while it is affordable and while the opportunity thrives.

Egypt Properties-Property in Egypt

Property in Egypt

Property in Egypt

The Arab Republic of Egypt is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Western Asia. Egypt is bordered by the Mediterranean Sea to the north, the Gaza Strip and Israel to the northeast, the Red Sea to the east, Sudan to the south and Libya to the west.

Egypt is famous for its ancient civilization and some of the world’s most famous monuments, including the Giza pyramid complex and its Great Sphinx. The southern city of Luxor contains numerous ancient artifacts, such as the Karnak Temple and the Valley of the Kings. Egypt is widely regarded as an important political and cultural nation of the Middle East.

Egypt possesses one of the most developed economies in the Middle East, with sectors such as tourism, agriculture, industry and service at almost equal rates in national production. Consequently, the Egyptian economy is rapidly developing, due in part to legislation aimed at luring investments, coupled with both internal and political stability, along with recent trade and market liberalization.

Today, investors seek the stability and simplicity of the property market to gain good returns on investment. Under-performing stock markets are often proving more volatile than property and this is especially true for the non-professional as there are many external factors that can effect your financial investment. Did you know that 50% of the members of The Times Rich List made their money through investing in property?

The benefit of buying property specifically for investment purposes is the removal of emotion from your purchase while property is used purely as an investment vehicle. Investment property in Egypt offers many possibilities in the form of re-assignable off-plan contract options to sell at a substantial profit prior to completion, or “buy-to-let” situations to generate reliable rental income and eventually substantial capital appreciation.

The most popular and beneficial resorts to buy property in Egypt are:
•    Hadaba
•    Naama bay
•    Nabq bay
•    Sharks bay
•    Tower bay

Main Reasons Why Property in Egypt is a Desirable Investment Location:
•    Low property prices starting at around only £30k.
•    Steady year-on-year capital appreciation of between 20-30%.
•    Beautiful, well established tourist hotspots suitable for varied tourist interests, from excellent diving and snorkeling to cultural and historical locations.
•    Stunning natural, un spoilt landscapes.
•    Steady annual growth in tourist figures.
•    Less property taxes than paid in the UK.
•    No capital gains tax.
•    British residents avoid inheritance tax on any property in Egypt.
•    Foreign investors are regarded by the government as a big investment opportunity and laws have recently streamlined procedures, making the purchase procedure easy.
•    Strong economic growth and increased investment in infrastructure are boosting the property investment market as a whole.
•    Warm desert climate with temperatures ranging from 14°C in winter to 30°C in summer creating a year-round tourist season.
•    Politically stable country.
•    Increased inward investment, creating a rich investment climate.
•    Well renowned developers are creating luxury resorts to cater for Egypt’s new influx of international tourists.
•    Easy air access from many European destinations makes Egypt an ever popular medium haul holiday location.
•    Cairo International airport is being modernized and a new terminal is to be built by early 2007.
•    Low cost of living and maintenance costs.
•    English is widely spoken, after Arabic.

Whilst many overseas property markets typically buoyed by overseas investment such as Spain and Dubai have been hard hit by the world recession property sales in Egypt from overseas investors remains relatively strong, in part because of the accommodating Egyptian property laws. Infact Egypt is one of the strongest places in the world to invest in currently and is forcasted to rise above inflation once the recession peaks!

Want to find out more about investing in Property in Egypt Click Here?

Egypt Properties-Hurghada Property – a Favourite Place for Property Investors

Hurghada Property – a Favourite Place for Property Investors

 

Hurghada is known worldwide especially for its coral reefs and magnificent climate. It is an ideal place for divers and water sports lover. It is a six hours drive from Cairo and this town sprang up early in the 20th century. Served by Hurghada airport with direct flights from the UK, the area stretches from El Gouna in the North to Sahl Hasheesh in the south, a stretch of some 40 kilometers parallel to the beaches of the Red Sea. Originally a fishing village on the Red Sea from where fisherman would come over from the Nile valley, Hurghada has turned into Egypt’s newest property market. It is strategically very well-placed, with Safaga Soma Bay with its beautiful Sheraton just to the south and the golf resort of El Gouna to the North. It is an excellent time to invest in Hurghada property owing to its improved infrastructure.

Ever since President Mubarak of Egypt opened his country’s property market to foreign buyers in 2003, the Egyptian property market has boomed. The most favored area for UK buyers is the area around Hurghada. Vast pipelines from the Nile ensure that an area that was once a desert is supplied sufficiently with water to cope with the demands of a major expansion in population. New front line beach projects are being built along the stretch from El Gouna to Hurghada. It is a bustling town full of shops and bazaars. New apartment blocks are being built to European standards. Further resorts are planned along the coast such as the Damac project which will include several thousand properties

Hurghada property is a hot spot and the reasons for its boom are freehold property, mortgages, low prices, front line beach is still available off-plan, and year round rental season. These reasons have make Hurghada hot among the property investors. Apart from these this is a quality location, English speaking people and with a level of service from the Egyptians that would be hard to find anywhere else. The cost of living is still very low. Hurghada is seen as a buyer’s paradise at the moment as there is something available in everyone price bracket that what the one attraction is apart from the good all round weather and low prices on nearly everything.

The leading Red Sea resort of Hurghada is a great place for those considering Egyptian real estate. There is a wide range of property for sale in Hurghada, with many properties coming with sea views. The city has a population of 40 thousand inhabitants and has long been a draw for yachtsmen, scuba divers and sail boarders. It is known as a party town and has a comprehensive range of top class nightclubs and sophisticated restaurants. The sea off Hurghada boasts some of the finest coral reefs anywhere in the world. If you don’t fancy donning a wetsuit and flippers, there is always the option of taking a trip in a glass bottomed boat.

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