About Egypt
Hurghada
Egypt
Overseas investors are drawn to the Egyptian property market for a number of reasons. The rapidly growing tourism industry, of course, is helping to make this market boom. When the relatively low investment prices are added to this,
the potential here is quite great. Demand for quality property is on the rise and so, too, is the need for short-term rentals.
Location
Northeast corner of the African continent
Population
80,335,036
Official Language
Arabic
Government
Semi-presidential republic
Land Area
980,869 km²
Capital
Cairo
The Property Market
Bolstering investor confidence in the Egyptian property market is the government itself. The continued economic reforms and initiatives to enhance the investment climate are providing investors comfort in knowing the government supports foreign interests and it is opening the doors to make this quite possible.
Whilst much of the current investment is focused on cities like Cairo and Alexandria, the coastal areas are also hot prospects. As cities like Hurghada attract international attention among holidaymakers, the potential for investment growth is high. In fact, the returns for short-term rentals are the highest in the country along both the Mediterranean and Red Sea coasts.
Hurghada
Only a few decades ago, Hurghada was a sleepy fishing village. Today, it is known as an investment and tourism hotspot that rarely ever sleeps. Located on the balmy Red Sea Coast, the village has grown to more than 40,000 residents.
Its natural beauty, climate and ever-expanding infrastructure are attracting investors from all over the world as holidaymakers put this once nondescript locale on the international investment and vacation map.
Since its discovery by investors and holidaymakers, Hurghada has undergone some major changes. The region has long been famous as an international destination for aquatic sports. Now, it is also favoured for its lively nightlife, which has been fuelled by the recent opening of a number of pubs, casinos, restaurants and clubs.
As more attention is focused on Hurghada, new developments are paving the way for investments and to accommodate the influx of visitors. It is clear this little fishing village has become a major player on the world travel scene.