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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Red Sea Property in Egypt

Some would consider a Red Sea property to have limited potential, but our twelve months worth of painstaking research into this country has provided us with a very positive view of buying a property in Egypt.

Yes, the new property market in Egypt can still be considered as emerging, but it is a market that has all the right factors in place to sustain long-term success and is certain to see strong price-gains in the not-too-distant future, making an investment property in Egypt a prudent and shrewd move.

Thanks to Egypt’s flourishing tourist industry, a Red Sea property is also a sound investment, although this may seem to fly in the face of public opinion. The Red Sea alone attracts up to five million visitors a year and has experienced an annual increase in property prices of up to 30%.

Although this figure fell by a quarter at the start of the Iraq War, it seemed to recover without even drawing a breath and thanks to heavy discounts and seemingly more courageous travellers, the five million figure has now been exceeded. By 2011, the figure for international arrivals is predicted to be around 13.4 million. Egypt’s tourism is its premier foreign currency generator, earning about billion per annum.

Currently, property prices in Egypt are incredibly low but the persistence of its tourist economy indicates that they will rise sharply in certain areas. Thanks to our diligence and research, we have secured stakes in many of these potential hot-spots and can now make them available to our clients who can take advantage of the current market prices and optimise returns on their investments for years to come.

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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.

An Investors Guide to Egypt

Egypt, land of Pyramids and Pharos, straddles the Mediterranean and Red Seas, linking Africa, Europe, the Middle East, south Asia. Four times the size of the UK, it has borders with Libya, Sudan, the Gaza Strip, Israel and Jordan, and faces Saudi Arabia across the Gulf of Aqaba.

The strategically important Suez Canal is to the north, running between Suez and Port Said, while the Red Sea tourist resort of Sharm al-Skeikh is in the far south.

Much of the country in between is desert and only 4 per cent of the land is cultivated, mainly adjacent to the 1,000 mile long Nile and the Nile Delta.

The Foreign Office reports that Egypt is hot and dry in the summer, mild in the winter with rainfall increasing nearer the coastlines. Temperatures increase southwards, and on average, these vary between 22 and 37 degrees Centigrade in the summer and 9 and 19 degrees Centigrade in the winter.

Politically stable, in that President Mubarak has been in power since 1981, Egypt is not known for its political freedom and has recently introduced more stringent anti-terrorism legislation.

Under President Mubarak the country has achieved healthy economic growth and is currently around 7 per cent. Even so, despite earnings from its canal, agriculture and service industries such as tourism, the country is dependent on imports and has a budget deficit. Inflation is running at close to 9 per cent.

Egypt is a signatory to all the major UN human rights conventions. But the Foreign Offices says one of the key human rights concerns in Egypt is the widespread mistreatment of detainees and use of torture in police stations, especially in cases involving political detainees although ‘the government has taken some steps to address the problem’.

The Foreign Office also warns that there is a high threat from terrorism in Egypt. ‘Attacks can be indiscriminate and against civilian targets, including places frequented by foreigners’.

There has recently been a strengthening of security measures, including around popular tourist areas.

British visitors (there were just over 1m in 2006), require visas. These can be obtained from an Egyptian Consulate outside Egypt or on arrival for stays of up to a month. Applications for visa extensions should be made at Egyptian Passport and Immigration Offices.

Although there is no limit to the amount of sterling that can be taken into Egypt (larger sums should be declared on arrival) there is a limit of 5,000 Egyptian pounds on the maximum local currency that can be taken out.

According to the Foreign Office, some of the British nationals who have purchased land in Egypt have encountered problems. In parts of Egypt and increasingly, in the area of the West Bank in Luxor, land tenure rights can be restricted by local legislation.

‘If you intend to purchase a property in Egypt we strongly advise you to engage a local lawyer’, says the Foreign Office. ‘It is important that your lawyer obtains an extract from the local land registry to satisfy you that the property or land in question is formally registered. You should again seek legal advice before entering into any contract. Don’t sign anything that you do not understand’.

A list of English speaking lawyers and of translators is available from the British Embassy in Cairo.

Property buyers are also warned that the Egyptian land registry is liable to be out of date or incomplete – although the main cities and resort towns tend to have more reliable records.

Special rules apply, however, in Sharm el Sheikh which limited property rights to a maximum of 99 years. In other areas of Egypt it is still possible to buy freehold properties.

British and other EU nationals travelling to Sharm El Sheikh or Taba resorts for up to 14 days do not require a visa prior to travel – they will receive an entry permission stamp upon arrival. However, foreign property owners in Egyptian must have residency.

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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

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 realise 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 travellers, 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 colourful 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.

Worldwide Destinations specialise in Egyptian Property in the Hurghada and Sahl Hasheesh area of Egypt. This Video shows 3 developments, Sunset Pearl, Isis Pearl and The Red Sea Pearl

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.

More Egypt Properties Articles

Egypt marvels at its historical significance in shaping the destinys of modern countries. With natural wonders, like The Pyramids, as its jewel in the Egyptian crown, the country basks in the glory of the world’s longest river The Nile. With historic architectural marvels in the country inspiring the modern architects and designers from all over the world, the Egyptian real estate market is destined for massive growth.

Though a Muslim country, this North African nation is more advanced than most of the traditional Muslim countries, and it is this contemporary modern outlook of the nation that attracts property investors from all nationalities and international business houses as well as individuals investors.

Buying Property in Egypt

For quite some time now, Egypt has struggled to find its feet in the vast global real estate market. This has been largely due to lax governments in the countries recent past that failed to realize the tourism potential of the country, nor did they pay attention to developing the investment friendly infrastructure of the country. But things are changing for the better thanks to the recent government initiatives aimed at attracting maximum tourism exposure for the country.

To this end, peace and political stability are the biggest platform from which the Egyptian government plans to launch an aggressive marketing campaign to lure serious real estate and property investments in the country. Egypt has largely remained unaffected by the influence of Islamic fundamentalism that have caused problems for many of the beautiful Islamic countries throughout the Asian continent and now is enjoying a steady increase in its economic development.

In order to reap maximum benefit from the changed global order, the Egyptian government has chosen the path of development through friendly relations with developed countries, like America and the UK. This has resulted in large scale investment queries from several European countries. The Brits particularly like the metropolitan lifestyle of certain cities, like the capital city of Cairo, and the similar culture and traditions due to the country’s close proximity to Europe.

The government has also relaxed several rules governing the ownership of real estate and property by foreigners in the country. This has attracted the interest of global real estate players like Dubai’s EMAAR and DAMAC groups that are developing major residential townships in the cities of Cairo, Hurghada, and the Gamsha Bay. These townships are expected to bring in lots of investment to the region from every segment of investor. Primarily residential townships, the commercial and industrial aspect from the rising demand cannot be ignored. Thus, there’s room for every investor in Egypt!

In addition, the government is also working towards making Egypt one of the top tourist destinations in the world by 2011. The all-round efforts by the government are visible from the collaboration of Egyptian government with the World Travel and Tourism Council (WTTC).

The best places to invest in Egypt include the coastal resort towns of Alexandria, El Alamein, Ain Soukhna, Sharm el Sheikh, El Gouna, Safaga, and Marsa Alam. You can also look forward to owning 5-star luxury apartments at Hurghada for anywhere between £15K to £25K.

Why Invest in Property in Egypt?

Besides the above-stated factors, there are many other reasons for a property investor to seriously consider investing in the land of Pyramids:

The Mediterranean Sea and Red Sea assure that the coastal lifestyle in Egypt is never short of thrill and adventure. Miles of pristine beaches assure that the place is always bubbling with tourists. Red Sea Riviera represents hundreds of miles of unspoilt desert coastline dotted with a few upmarket resorts. And resultantly, the rental income from resort property is too lucrative for any investor to ignore.

The economy of Egypt is on the upswing thanks to the sustained government efforts. This stability and growth creates a feel-good factor about the country’s overall growth potential that drives the real estate investment in Egypt.

The country’s climate has everything to lure any would be investor who is looking for a positive return on their investment or a relaxed retired lifestyle enjoying sun during most part of the year.

If you are looking for a business investment property in Egypt, there’s good news! The government is placing immense importance to the Foreign Direct Investment (FDI) and has elaborate plans in place to welcome offshore business houses looking to take advantage of lower standards of taxation in Egypt.

The proximity to Europe ensures cheap regular flights to and from the country to the major European capitals and other international cities.

The country has some of the best hotel chains in the region. The hospitality of Egypt is also one of the highlights for potential investors in the country.

Egypt has no dearth of luxury villas and mansions, if that is what you are looking for. In fact, if you can afford, these luxury properties then it is certainly worth consideration as the can be secured for a comparatively low cost of investment. And considering the high earning potential of property in Egypt, your investment is sure to give maximum return whenever you decide to sell the property.

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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Red Sea Property One of Greatest Investments Around

Red Sea property is one of the great investment opportunities of our age. This is because of a perfect storm of converging factors, which would be far less important on their own, but, viewed for their combined effect are massive:
 
These factors are the low price of Red Sea property compared to that of other similar areas, the fact that most of the region is protected, so space for development is limited, and the fact that the red Sea region of Egypt is one of the fastest growing tourism destinations in the world. This means that people can buy Red Sea property now, when the market is young, and watch prices and rental yields grow as demand continually outpaces supply of both rental and for sale properties.
 
Further factors are converging to make this a time sensitive opportunity: the credit crunch has massively reduced people’s spending power, and the strength of the Euro has made Eurozone destinations even more expensive to buy property and holiday.
 
Red Sea resorts bring forward the best opportunity. Resort development in the Red Sea area is a fairly new thing, and as a result buyers are currently being offered off plan opportunities. As with any off plan sale, especially in an emerging market like Egypt, these are currently being sold at a true discount to their market value — with the addition of the word true because of the current below market value opportunities that are simply below the 2007 market value.
 
This gives people the opportunity to buy into something that can only rise in value, and annual yields. Firstly it will rise in value when the resort is completed and ready for use, at which point the property will be worth its true market value because the risk is gone. Then it will continue to grow in value as development land runs out. Yields, which are always higher on resort properties let to holiday makers, will also grow as the number of tourists outgrows the number of hotel rooms.
 
Red Sea property is currently also seeing increased demand as a result of the levels of research today’s property buyer is conducting:
 
Because of the numbers of people who lost thousands of pounds buying overseas property for various reasons; today’s buyer is no longer buying on the strength of anyone’s word or the virtue of anyone’s character. They are not only researching on the internet, and making phone-calls but going to the country knocking on doors and visiting building sites. This level of research pretty much eradicates as much risk as possible, meaning that Red Sea property is no more risky than that of an established market to today’s buyer.

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