The main activity in the Egypt property market is concentrated on the Red Sea coast and the major cities of Cairo and Alexandria. The swarm sunny climate, nice perfect beaches and luxury facilities ensure the resorts are always full of tourists providing high rental yields that all property investors should find very attractive.
Why the Red Sea?
The region is most popular tourist destinations for several reasons which include:
Location & accessibility: The Red Sea is very accessible and has witnessed a massive increase in the number of affordable European charter and scheduled flights providing excellent air links to the UK and most of Europe.
Weather & Climate: Sunny warm and stable climate all year long with little seasonal fluctuation, and very little rain and all year round sunshine with average temperature ranging between 18oC and 21oC in winter, and 21°C and 27°C in the summer and the Red Sea water temperature rarely falls below 20°C
Rain fall is low and there is hardly no risk of floods, hurricanes, storms and tsunamis.
The Red Sea region also has pure and clean air, free from any pollution
Tourism:
International tourism is booming with record numbers of tourists visiting the Red Sea and the trend predicted to increase for the foreseeable future.
The Region is now a very popular destination and very well developed tourist destination with a many good hotels shops restaurants and other facilities.
The Red Sea is ideal for water and other types of sports and adventure enthusiasts especially diving, snorkelling, windsurfing and other water sports.
In fact the Red Sea is one of the world’s most popular scuba diving destinations especially in Hurghada which is why Hurghada property is one of the most popular choices with water sports enthusiasts.
The Red Sea resorts are now receiving more tourists than the more traditional destinations with more tourists coming to Egypt for a beach holiday taking just a few days off to visit the historic sites.
It is easy to see why Egypt’s Red Sea coast is the one of the best places to buy property in Egypt and why Red Sea properties are so attractive.
Exceptional value for money local facilities and activities, shopping and eating out are all very reasonable priced
Strong tourist demand for rental accommodation with the market is currently returning high rental yields.
Strong tourist demand for rental accommodation with the market is currently returning high rental yields and an increasing number of property investors are attracted to the region which is increasing the value of properties
Therefore the Red Sea real estate market is exhibiting one of the highest capital returns in the region.
