Is Hurghada the place for Property Investment in Egypt?

Property investment in Egypt is becomming increasingly popular with investors searching for a safe, reliable and attractive property investment. Hurghada is known worldwide especially for its coral reefs and magnificent climate. It is an ideal place for divers and water sports lovers. It is a six hour drive from Cairo and Hurghada 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. Property Investment in Egypt has boomed ever since President Mubarak of Egypt opened the country's property market to foreign buyers in 2003, the Egyptian property market has never looked back with Hurghada being the most favored area for UK buyers. 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 and new apartments are being built to European standards to keep up with the demand for investors looking for property investment in Egypt. Property investment in Egypt, Hurghada specifically 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 a very attractive year round rental season creating a great buy to let investment. These are a few reasons that have made Hurghada hot among the property investors. Additionally to this, Hurghada is a quality location with English being widely spoken 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 and Hurghada is seen as a buyer’s paradise as there is something available in everyones price bracket which is just another attraction for property investment in Egypt, as well as the fantastic climate and low prices generally. The leading Red Sea resort of Hurghada is a great place for those considering property investment in Egypt. 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. 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. www.investmentpropertyhotspots.com

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