Anthony Fernandes founded
SPC - smart property consulting
and is a renowned industry
expert on property in NE Brazil.
He leads a team of property
professionals and is referenced in:
property in Egypt - Pharaoh's treasure awaits investors
with value for money and low entry costs Hurghada is attracting the smart investors of today
The government recognizes the importance of tourism to the Egyptian economy, so huge investment in infrastructure and marketing of the country is planned in order to increase the momentum and interest within the tourist and investment market.
Egypt has always had a decent tourism sector and after tough times for Egypt in 2005/6, Egypt has emerged again as a popular holiday and new investment destination. With one of the big Dubai based developers taking an active interest in Egypt, the property market is going from strength to strength.
Thanks to promotions making the concept of Egypt a viable vacation spot, the Egyptian property market's coastlines along the Red Sea and the Mediterranean Sea have begun attracting a lot of foreign investor interest. Property in Egypt is remarkably cheap by UK and most European standards considering much of it is beachfront. The current real estate prices may be low now, but they have started rising.
There is a healthy and potentially all year round short term rental market, particularly in the holiday destinations along the Red Sea such as Sharm el Sheik and Hurgarda. These popular stretches of coastline are blessed with stunning beaches, azure blue water, breathtaking marine life and coral reefs, attracting scuba divers, wind surfers and nature lovers from all over the world.
More and more tourists are looking further than Europe for more exotic locations and with the advent of readily available, low cost flights the Red Sea is closer than ever.
With its growing tourism sector and the Egyptian property market offering such value for money at 5-star standard resorts, it is sure to attract the same interest and attention that the country has known during its 5,000 years of history.
With the current low prices for property in Egypt, it is a very good time for people wanting to invest in a low risk proposition.
Interested in property in Egypt? Please contact us directly and we'll be pleased to assist you.
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3rd September 2010
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