With the increase in tourists to the Red Sea region, the real estate market in areas like Hurghada and Sahl Hasheesh are continuing to offer great returns for investors. Property in Egypt is providing a wealth of opportunity for those willing to invest and many are already seeing the rewards.
Red Sea resorts in Hurghada and El Gouna are experiencing more tourists visiting the area to try out the new sport, which has become increasingly popular with water sports enthusiasts.
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.
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.