After the Brexit vote, Rivermead Global Ltd like every other business thought “so what is this going to do for our business?” as we market properties outside the EU we didn’t think it would affect us that much, we were wrong! It has had a huge positive effect for us, we have seen an increase […]
Buying Property In Hurghada – Ultimate Guide Last Updated 6th March 2017: When looking to buy a property in Hurghada it is very important to do your research. Most people will begin that search online. A quick Google search for “property in Hurghada” will pull up about 434,000 results. With so many results to look […]
The Egyptian government has committed to boosting Egypt’s cultural tourism at a ceremony marking the 90th anniversary of the discovery of Tutankhamun’s tomb. The Ministry of Tourism is looking to diversify the tourism offerings in Egypt and open the country up to new markets. The ministry recognises cultural tourism as an area with great potential […]
More than 12 million tourists are expected to visit Egypt by the end of 2012, a 23 percent rise on the previous year. The rise in tourists is good news for the country’s economy and has spread optimism across Egypt.
The news has caught the eyes of international investors, who are keen to take advantage of Egypt’s reasonably priced property sector before prices start to rise now the elections are over and business resumes back to normal.
Rivermead Global has professional experience in delivering furniture packs to large developments in Egypt and is known in the industry for its hands-on approach as well as attention to detail.
People who visit Port Ghalib will experience lavish surroundings mixed in with the traditional Egyptian way of life and most visitors leave the resort wanting to return
Egypt has enjoyed a tourism increase of 32 percent in the first quarter of 2012 showing signs that the country has bounced back from the revolution in 2011.
The positive news has followed another great report from The Telegraph newspaper, which has recently revealed Egypt is leading the global markets in 2012.
Egypt’s tourism sector welcomed its highest number of tourists in 2010 and the news that the same levels of tourists are returning in 2012 has pleased investors.
Tourist numbers in Egypt have increased by 32 percent compared to the first quarter in 2011, rising from 1,894,044 to 2,500,301 tourists in 2012.
Egypt’s Red Sea resorts are a popular choice for divers to go on holiday as the Red Sea Riviera has the largest stretch of coastline and stunning underwater reefs.
Hurghada has all year round sunshine, warm waters and consistent wind conditions that are perfect for kitesurfing (also known as kiteboarding).
The daily newspaper reported the country is great for guaranteed sunshine without a long flight and is perfect for young children. The news article also describes the flight to Hurghada International Airport as a “no-frills” airline route.
News agency The Daily News Egypt has reported the spotlight is back on Egypt’s real estate sector now that property prices are stabilising and developers are recovering from disruptions last year.
The Daily Telegraph reported last year that most buyers want to use their overseas property themselves as a holiday home, for inheritance purposes, or for retirement reasons.
News agency Reuters has revealed this week that investors see Africa as the most attractive place to invest over the next ten years. According to the report, one in three are expected to put at least five percent of their portfolios into Africa by 2016.
Foreign investment is set to rise significantly in Egypt this year according to the report and international consumption is likely to pick up when the country’s political situation becomes clearer.
Once the elections are over and disputes in Cairo settle, property prices in Egypt are expected to rise again. Property experts have highlighted that if an individual is thinking of buying a property in Egypt, now is the best time to buy.
The Egyptian Minister of Tourism Mounir Fakhry Abdel-Nour has announced tourists have brought in $9.5 billion in revenue this year and the festive season is expected to bring more tourists who want to celebrate Christmas and New Year in a warmer climate.
Since the revolution Cairo hotel occupancies are fairly low compared to the Red Sea resorts such as Hurghada and Sahl Hasheesh, which have been up over 70 percent since August.
Investors are looking at the long term rather than short term in Egypt and are seeing a great opportunity to invest in a country that will soon have a strong and stable economy.
Property investors are pleased hotels are back to being full like they were before the revolution and are confident Egypt has a bright future.
Tourists are interested in seeing the effects of the revolution and tour companies are now incorporating the recent events into their schedules.
The Al Futtaim Group owns the rights to Marks and Spencer in the Middle East and the store is expected to generate substantial sales and be a huge success.
Italcementi Group is to introduce a new wind energy project in the Red Sea area and is expected to invest 140 million euros into the venture.
Let me tell you furnishing a property in Egypt is far from easy, they don’t have an Argos, a B&Q or a Yellow Pages where you can buy the items you need or find a Plumber/Electrician/Carpenter.
Egypt has gained plenty of positive news recently, reporting that the country’s economy has grown 1.8 percent in the year to June 2011.
The increase of interest is set to encourage other investors, particularly property buyers who are recognising Egypt as a good place to invest in properties.
CIVETS is a fund that invests in Columbia, Indonesia, Vietnam, Egypt, Turkey and South Africa. The countries have been predicted to have the best economies and are the favourite places to invest.
Rivermead Global are recognised by the AIPP as the company that provide the best customer service in the whole overseas property industry.
We have some amazing properties near some great diving locations and as such will be keeping DIVE Magazine and its readers upto date with all the latest property deals in the diving hotspots that we sell, such as…
Sunset Pearl (Sahl Hasheesh) is an amazing development where the stars are already buying, including football professionals and England internationals – Invest in Sunset Pearl whilst you still can.
The Vitali’s dreams of a property in paradise were smashed as they came face to face with the empty skeleton of Desert Pearl 2 that was to be their apartment
“No one could have foreseen the fiasco that has left around 300 investors in the lurch over the Desert Pearl developments”