Published: 9th September 2013
The past couple of years has seen an increasing amount of interest in the market for property in Egypt, with investors attracted to the increasing number of tourist who travel to the major cities and large Red Sea coastal resorts such as Sharm El Sheikh, The Sahl Hasheesh, Hurghada and Marsa Alam.
Increasing numbers of major international developers are moving large scale projects into Egypt, with developments ranging from luxury Red Sea resorts, through to major new cities and developments in key urban areas such as Cairo and Alexandria. In particular, the property in New Cairo is widely acknowledged as being amongst the most luxurious and exclusive in Egypt.
With the market for tourism in Egypt showing only signs of continuing growth, an increasing number of investors are looking to tap into the high lucrative short term rental accommodation market. Red Sea resorts such as Sharm El Sheikh and Hurghada have proven incredibly popular in recent years, with large numbers of tourists attracted to the regions superb scuba diving and other water sports and entertainment. As the demand for short term rental accommodation as well as second home continues to grow, so will the demand for units through inward investment from overseas.
For more information on property investment in Egypt, why not visit our main site at Offplanworld.co.uk, where we provide information on a large number of investment properties in Egypt.