Hurghada Property

The past twelve months have seen a considerable increase in the levels of interest in the market for property in Egypt, and at the forefront of this interest are the destinations along Egypt’s beautiful Red Sea and Sinai Peninsula, in particular, the popular tourist resort of Hurghada.

Once a small fishing village, Hurghada has grown in recent years to become one of Egypt’s premier tourist destinations, and one of the Red Sea’s most popular resorts. Accessed predominantly via the Hurghada International Airport, the region nowadays benefits from a rapidly increasing domestic and international tourist trade, with people coming to the region to explore the delights of this increasingly popular Red Sea resort.

The past two years have seen Egypt’s Red Sea coast become increasingly of interest to the larger property developers from Europe and the Middle East. Attracted by the regions considerable development potential, a number of large scale development projects have been announced in Hurghada and the surrounding areas. On the back of this increased activity, interest levels amongst overseas investors has increased considerably, and today the demand for Hurghada property is both considerable and on the increase.

As on so many occasions, the bulk of increased level of interest stems from the large tourism opportunity which exists in the region. Popular with a wide spectrum of tourists, from backpackers and scuba divers through to ex-patriates, this wide ranging appeal has been reflected in the property in Hurghada, where budgets from £15,000.00 up to £500,000 can be accommodated.

As well as the regions obvious potential for tourism revenues, the rapidly expanding Hurghada property market also offer investors considerable opportunity for capital growth. With the market for property in Hurghada still in a relatively embryonic stage, it is estimated that capital growth rates will remain in the region of 20-25% for the foreseeable future.

Further regional information: Sahl Hasheesh | El Gouna | Red Sea |

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