Red Sea Property

Once a series of picturesque fishing villages scattered along the shores of the clear blue waters of the Red Sea, the towns of Sharm El Sheikh, Hurghada, El Gouna and Marsa Alam are now popular tourist resorts, attracting visitors from all over the world every year. This increasing volume of tourism in the region, coupled with the relatively low price of property in Egypt, has meant an increased interest from international property developers in the region. As such, the demand for Red Sea property has increased dramatically in the past two years.

Far from being concentrated in one small region, the resorts of the Red Sea are scattered across a large area stretching from Sharm El Sheikh at the southern tip of the Sinai Peninsula, down to the resort of Marsa Alam on the Red Sea coast of mainland Egypt. Far from being overdeveloped, it is the huge scope for potential growth which has attracted investors to the region. Even today, large stretches of this stunning coastline remain undeveloped, showing considerable potential for future growth.

As well the increasing tourism and low property prices, other factors have combined in recent times to increase the attraction of Egypt as a potential investment location. Global currency fluctuations over the course of the past few months have resulted in a considerable increase in the price of property in the more traditional European property markets. Subsequently, investors are turning their back on markets such as Spain, Italy and France, and considering destinations such as Egypt where the relatively low cost of property has resulted in increased potential for long term investment returns.

Finally, the increasing numbers of visitors travelling to Egypt has resulted in increased accessibility through more airlines opening up flights to the Red Sea resorts. Whereas a couple of years ago the majority of flights flew into Sharm El Sheikh, today there are a large number of airlines flying into the major airports at Sharm El Sheikh, Hurghada and Marsa Alam. With a large number of these new flights being operated by low cost airlines, the overall accessibility of Egypt has increased considerably over the past twelve months.

Property in: Hurghada | Sharm El Sheikh | Marsa Alam | El Gouna |

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