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Where to buy property in Egypt and why?
By Vic Hurlstorm | June 19, 2009
The main activity in the Egypt property market is concentrated on the Red Sea coast and the major cities of Cairo and Alexandria. Sunny climate, pristine beaches, modern and luxurious facilities have ensured that the resorts are always bubbling with tourists and the rental income from these resort properties is too lucrative for any investor to ignore.
Why along Egypt’s Red Sea?
The Red Sea area is one of the region’s most popular tourist destinations for many reasons which include:
Location & accessibility: The Red Sea is very accessible and has witnessed a massive increase in the number of affordable European charter and scheduled flights providing excellent air links to the UK and most of Europe.
Weather & Climate: Sunny warm and stable climate all year long with little seasonal fluctuation, and very little rain and all year round sunshine with average temperature ranging between 18oC and 21oC in winter, and 21°C and 27°C in the summer and the Red Sea water temperature rarely falls below 20°C
Rain fall is very low with averages as follows: There is virtually no risk of floods, hurricanes, storms and tsunamis.
The Red Sea region has very pure and clean air which is free from any pollution
Tourism:
International tourism is thriving with record numbers of tourists visiting the Red Sea and projected to continue to increase even further over the next decade.
The Region is now a very popular destination and very well developed tourist destination with a quality good hotels shops restaurants and other facilities.
The Red Sea is perfect for sports and adventure enthusiasts especially diving, snorkelling, windsurfing and other water sports.
In fact the Red Sea is one of the world’s most popular scuba diving destinations especially in Hurghada which is why Hurghada property is one of the most popular choices with water sports enthusiasts.
The Red Sea resorts are now receiving more tourists than the more traditional destinations with more tourists coming to Egypt for a beach holiday taking just a few days off to visit the historic sites.
It is easy to see why Egypt’s Red Sea coast is the one of the best places to buy property in Egypt and why Red Sea properties are so attractive.
Exceptional value for money local facilities and activities, shopping and eating out are all very reasonable priced
Strong tourist demand for rental accommodation with the market is currently returning high rental yields.
Growing tourist demand for short term rental accommodation with the market is currently returning high rental yields and an increasing number of investors are attracted to the the Red Sea area which is increasing the value of properties
Therefore the Red Sea property market is exhibiting one of the best capital returns in the region.
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