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.
With a new government in place the country is now looking stronger than ever and it is proving to be a great investment opportunity where many investors are reaping the rewards of owning a property in Egypt.
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.
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.
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.
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 festival will be a great start to 2012 for Egypt and is a chance for the Egyptians to celebrate what they have achieved.
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.
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.
Looking at Villas in Egypt? Your dream may be to buy a villa in Egypt but to stop that dream turning into a nightmare you need to know HOW to buy, not just what
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.
British retailer Marks & Spencer (M&S) revealed last week that the company plans to open three stores in Egypt as part of a five-year expansion plan across the Middle East.
Businesses like Amer Group are recognising that Egypt is a great place to invest and many businesses are choosing to set up a base in the country.
As the Egyptian tourism market returns to normal, The Independent newspaper has reported that it is the resort of Hurghada that is emerging in place of the previously popular Sharm el-Sheik.
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