Egypt Property Investment

Hurghada Real Estate in Egypt is increasingly popular as property investors are drawn to Egypt as they see that now is the time to invest there, while tourism is growing, property prices are relatively low and returns on investment are high. Tourism is becoming Egypt's most lucrative industry and according to the U.N tourism organisation, touism in the country increased by 20% during 2007, which is excellent news for the buy to let / rental market. The industry is growing at an impressive rate and the country's 9 million visitors per year are undoubtedly the catalyst for the property market with numbers visiting set to increase year on year. The country is attracting rapidly increasing numbers not only from Europe but also from Russia, Asia and the Middle East, markets with tremendous potential for future growth especially in prime locations such as Hurghadas real estate. Flights to Egypt are readily available from all major European destinations and with new initiatives, including low budget airlines like EasyJet commencing flights to Hurghada from London it is expected that tourism figures will reach 14 million by 2010/2011. Egypt has experienced huge economic growth in the last few years and while economies may be slowing down or stabilising in other parts of the world, Egypt in contrast is in a huge growth phase at the moment with Hurghada real estate targeted by savy investors in particular. Forward thinking government policies and a solid infrastructure are making Egypt a property and tourism hotspot. With high capital returns from 20-25% per annum in key locations, the investment climate in Egypt is excellent. The interest in Egypt is set to increase further with even more direct flights becoming available, the appeal of strong capital appreciation and a 12 month long rental season on incredible coastal locations. Hurghada real estate is very popular and with capital appreciation on the Red Sea coast currently running at 20 - 25% per annum it is clear to see just why. Buyers are attracted to Egypt because of its low property prices, low cost of living and increasingly improved transport links, improved infrastucture as well as the high capital returns on offer. The huge inward investment in new projects all along the Red Sea practically guarantees the continuation of strong capital appreciation for many years to come. Egypt and in particular the Red Sea Coast, is growing both in tourist numbers and economically and as the popularity of the area continues to increase and the potential for investors is realised, this will have an upward impact on prices, so the best time to buy property in Egypt is now. www.investmentpropertyhotspots.com  

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