Egyptian property developers represent strong investment say leading bank.

A new report recently released by one of Europe's major investment banks has stated that the Egyptian property stocks are likely to outperform all other major markets throughout the Middle East and North African region over the course of the next 12 months. The report, released by Credit Suisse went on to state that the growth is likely to come from strong housing demand which should begin to filter through into developers figures later on in the year.

Egyptian property market has seen considerable growth over the course of the past two years. With Egypt quickly becoming known as one of the world's top residential property markets, private investors have been flocking to purchase property in the Red Sea Riviera region. Major resorts such as Sharm El Sheikh, Hurghada and Marsa Alam have or benefited from increased investment in recent times, as investors look to capitalise on low property prices and high demand.

One key attraction to overseas investors looking to purchase property in the red sea region is that much of the area is protected as a nature reserve. This is likely to increase demand in the long term, placing upward pressure on prices as tourism figures increase in the years to come.

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