Property in the Red Sea Coast
In addition to its natural assets and historical wonders, the Red Sea Coast offers a world-class infrastructure, an active promotion of tourism, a liberal government policy on tourism and land ownership and easy accessibility from Europe.
Given the area’s comparatively recent ”take-off”, property along the Red Sea Coast remains reasonably affordable. So too are living and holidaying costs in the area. Prices are generally incredibly cheap, even when compared to such countries as Turkey. This great value for money has made the region especially attractive to Russian and Eastern European travelers.
Furthermore, the 14% local interest rate has had favourable consequences for foreign investors in property. Finding themselves unable to buy property, many locals turn to rental possibilities, which in turn pushes rental yields up.
Property in the Red Sea Coast is associated with all things good ; low prices, high rental returns and rapidly increasing demand.
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