Dive Into Egypts Property Investment Hot Spots

Egypt continues to thrive as a preferred emerging real estate investment market

, having continuously attracted growing numbers of buyers since the introduction of the mortgage market in 2001. Europeans are amongst the largest group of property investors to Egypts Red Sea Riviera, assisted by budget priced, direct mid-haul flights from many major European cities.

Italians, Russians and Germans are amongst the largest groups of holiday makers to the Red Sea Riviera, where some of the best diving opportunities can be found. The Red Sea coast has been developing extensively over the past decade to create an attractive resort destination, benefitting real estate investors to this ideal emerging property market.

The investment attraction of Egypts real estate market has grown extensively, assisted by the booming tourism market. Bargain priced properties constructed to European standards have been attracting buyers, often with guaranteed rental yields in new developments, catering to the steadily growing tourism market.

Egypt offers various attractions to holiday makers, especially for diving and water sports enthusiasts along the Red Sea Riviera. The year round sunshine provides an attractive climate, with inviting warm sea water and an extensive variety of desert safari excursions. The history and culture of Egypt also provides an attraction to visitors from around the world, with direct flight connections from the Red Seas Hurghada international airport to Cairo.

Along the Red Sea Riviera the main investment hot spots are surrounding the main town of Hurghada. The town itself has become a centre for tourism and diving along the coast, servicing the surrounding areas with its international airport.

South of Hurghada is the newly developed Sahl Hasheesh resort, set to become the major tourism destination for the Red Sea Riviera. Consisting of 5-star hotels, an extensive beach, nightlife, golf courses and a sunken city for divers, the Sahl Hasheesh area has been developed catering to the preferences of European and North American property investors and holiday makers.

Crossing the bay on the southern tip of the Sinai Peninsula is Sharm el Sheikh, a town thriving on the ever growing tourism industry. Considered to be the most famous diving site in Egypts Red Sea Riviera, Sharm el Sheikh has established its market from the stunning clear waters filled with dolphins, turtles, corals, reefs and wrecks for endless fascination to both amateur and professional divers.

Property investments along Egypts Red Sea Riviera have continued to draw attraction, avoiding a major market slump such as in many other world real estate markets. The growth potential for both rental yields and capital gains is set to continue, as the purpose built resort town areas provide exceptional attractions for maintainable investment and tourism growth.

by: Melissa Chappell

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