If your idea of the perfect holiday is to explore the mysterious pyramids of Egypt and discover its ancient culture, or dive in amazingly clear waters and relax on pristine sand beaches, then you should visit Hurghada. The beauty of the legendary waters of the Red Sea and the picturesque landscapes of the desert of Sinai are just some of the options available to you.
Amongst both the locals and the international visitors Hurghada is indisputably one of Egypt’s more popular Red Sea resorts due to its climate, sapphire blue waters and world class scuba diving. With most people heading to the beach, the choice of watersports is broad and a selection of mid-range and luxury hotels and profusion of bars and restaurants satisfies all preferences.
The opportunities and amenities provided, in combination with the climate and friendly people, make the area attractive with holiday-makers as well as long-term visitors looking for a Hurghada property as a retirement home, holiday home, or as an investment.
The increasing popularity of this region has resulted in a considerable increase in demand for property in Hurghada, something which seems set to only continue for the foreseeable future.
However, one should bear in mind that Egypt is an ancient land, and Hurghada has only in the last decade evolved into the most fashionable beach resort. Today, the town centre is divided into two main areas, the old town Ad-Dahar and Sigala. Between them, they offer a broad choice of hotels, restaurants and bars catering for all tastes and budgets, whilst still retaining much of their unique and traditional character.
One of the main reasons why people are becoming increasingly interested in Hurghada property as an investment opportunity, are due to its growing reputation as a hub of aquatic sports. There’s no need to be an expert diver to appreciate the waters here as the snorkelling and swimming alone offer lots of opportunity to see the exotic and colourful marine life. You will find activities such as kiting, windsurfing, seafaring and deep-sea fishing. Sailing and scuba diving attract thousands here every week and some of the world’s best fish and coral can be found in the warm waters. A visitor can also find several outstanding golf courses in the area including a par 3 course in Hurghada and an 18-hole course at El Gouna.
Established since the 20th century, development in Hurghada started in the early 90’s with American, European and Arab investors helping to turn the area into one of the most significant on the Red Sea. Originally the city was a harbour and fishing community but that was before tourists started to show an interest in its stunning coastline and dazzling ocean. The buy-to-let let market is strong at the moment and potential for growth encouraging. It is a destination that is convenient and quick to reach from many parts of the world. From Hurghada International Airport it is less than 10 minutes travel time to the town.
Egyptian policy and rules concerning property are reasonably clear-cut in an attempt to attract investors to the country. The Egyptian government is enthusiastic in its promotion to foreigners as a destination for property investment and offers freehold properties and mortgages, straightforward buying procedure and tax breaks.
A lot of attention has been focused on Egypt’s Red Sea for the past few years and major developers in property from the Middle East and Europe have invested in various large development projects. The potential for extensive development has set off a number of major development projects being announced in Hurghada and the surrounding regions.
Today, Hurghada is a destination offering exceptional value for money, and will be able to find many properties which offer opportunities for long term investment. For an investor there is still possible to find luxury properties in Hurghada at bargain prices, a condition that is likely to change as the area becomes an acknowledged investment destination.
Author Resource:-
Mark Burns has extensive experience in the overseas investment property market, specializing in property and real estate and through the Offplanworld.tv website provides extensive coverage on the world’s major property investment markets including Hurghada real estate. If you wish to invest in off-plan property or need investment advice please visit the website.
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