Dive into Egypts Property Investment Hot Spots
Posted: Tuesday, November 03, 2009
by Melissa Chappell
Property Investing Overseas
Egypt continues to thrive as a preferred emerging real estate investment market, having continuously attracted growing numbers of buyers since the introduction of the mortgage market in 2001. Europeans are amongst the largest group of property investors to Egypt's Red Sea Riviera, assisted by budget priced, direct mid-haul flights from many major European cities.
The investment attraction of Egypt's real estate market has grown extensively, assisted by the booming tourism market. Bargain priced properties constructed to European standards have been attracting buyers, often with guaranteed rental yields in new developments, catering to the steadily growing tourism market.
Egypt offers various attractions to holiday makers, especially for diving and water sports enthusiasts along the Red Sea Riviera. The year round sunshine provides an attractive climate, with inviting warm sea water and an extensive variety of desert safari excursions. The history and culture of Egypt also provides an attraction to visitors from around the world, with direct flight connections from the Red Sea's Hurghada international airport to Cairo.
Along the Red Sea Riviera the main investment hot spots are surrounding the main town of Hurghada. The town itself has become a centre for tourism and diving along the coast, servicing the surrounding areas with its international airport.
South of Hurghada is the newly developed Sahl Hasheesh resort, set to become the major tourism destination for the Red Sea Riviera. Consisting of 5-star hotels, an extensive beach, nightlife, golf courses and a sunken city for divers, the Sahl Hasheesh area has been developed catering to the preferences of European and North American property investors and holiday makers.
Crossing the bay on the southern tip of the Sinai Peninsula is Sharm el Sheikh, a town thriving on the ever growing tourism industry. Considered to be the most famous diving site in Egypt's Red Sea Riviera, Sharm el Sheikh has established its market from the stunning clear waters filled with dolphins, turtles, corals, reefs and wrecks for endless fascination to both amateur and professional divers.
Property investments along Egypt's Red Sea Riviera have continued to draw attraction, avoiding a major market slump such as in many other world real estate markets. The growth potential for both rental yields and capital gains is set to continue, as the purpose built resort town areas provide exceptional attractions for maintainable investment and tourism growth.
Property Investing Overseas provide extensive experience dealing with and on behalf of investors throughout the world, offering unbiased information on portfolios and international markets. Our experience within the global property sector enables us a prime position for identifying professional agents and developers, ensuring our clients receive full knowledge prior to entering any property investment purchase with our collaborators. Visit our partner site at Property Investing Egypt.
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