- Red Sea Coast
- Hurghada
- Sahl Hasheesh
- Introduction to Sahl Hasheesh
- What to See in Sahl Hasheesh
- Outdoor Activities in Sahl Hasheesh
- Property in Sahl Hasheesh
- Getting to Sahl Hasheesh
- Day Trips from Sahl Hasheesh
- Climate of Sahl Hasheesh
- Introduction to Sahl Hasheesh
- Property in Sahl Hasheesh
- History of Sahl Hasheesh
- Climate of Sahl Hasheesh
- What to see and do in Sahl Hasheesh
- Sharm El Sheikh
- Gamsha Bay
- Hurghada Property
- Why invest in Egytian property?
- Egypt
- October 2008
- Sorouh expands further to international markets - 10-10-2008
- Mortgage step forward in Egypt - 06-10-2008
- Egypt kidnapping unlikely to affect tourism - 02-10-2008
- Symbolic projects at Cityscape Dubai 2008 - 01-10-2008
- September 2008
- Enhanced transparency of Egypt property market - 30-09-2008
- Maintained buoyancy for Egyptian property market - 26-09-2008
- Mortgages in Egypt to be scrutinised by CBE - 23-09-2008
- Despite global credit squeeze, Egypt property market thrives - 22-09-2008
- Beach Resort for Sharm El Sheikh Egypt - 16-09-2008
- Iraqis not happy in Egypt - 15-09-2008
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EGYPT IS STILL THE INVESTORS TOP CHOICE
Thursday, 03 Jul 2008
Researches conducted by ‘Cheapflights.co.uk’ have indicated a fifty percent increase in passengers choosing Egypt as their destination choice.
The current status of the British Pound against the European Euro is also a contributing factor to the increased interest in Egypt, as European countries are becoming increasingly regarded as expensive places to visit.
In comparison, the exchange rate against Egypt is far more favourable, ensuring holiday makers and investors capitalise on their well earned money, whilst curbing on their expenditure tremendously, as they continue travelling abroad.
ollowing the recent trends, one will easily see that Egypt has ensured it remain a top tourist destination – regardless of the current economic crisis and credit crunch, experienced in the European and British cities, investors remain undeterred when it comes to property in Egypt.
Due to the fact that many Britons have an ‘insatiable desire’ to own property in a sunny location, the recent global economic slump has done little to suede investors from looking abroad.
In contrast to this is the fact that many other countries are currently in a position to offer good capital growth against relatively low and reasonably priced property.
Chris Nourse (Multicom Manager) went on to say that “Consumers are not willing to give up their holidays abroad, even if they are faced with higher bills and general expenses. Holidays are being seen more and more as essential”.
According to a survey conducted by ‘Homes Worldwide’, they recommend the possible increase in overseas investing (especially in Egypt, Brazil, etc) is directly related to the current state of the housing market in the United Kingdom, where the mortgage rate remain on the rise, while the price of houses is steadily on the decline.
A further survey, done by ‘Multicom’ recently brought to light that many companies in the holiday sector have seen an increase in the number of bookings.
A large attraction remains the projected guarantee of large rental returns for property situated holiday destinations, the likes of Egypt, Brazil, and Italy – to name but a few countries.
It is of general consensus that many rental investments will continue receiving good rental returns, even amidst the global economic crisis.
All in all – one is not only guaranteed safety in the knowledge that property in Egypt will only become more desirable and thus increase in property value in the years to come – but as a hub of ancient cultural knowledge and ancient art, Egypt offers its visitors and inhabitants a plethora of little mysteries to uncover…
These recent research findings clearly show that financial fluctuations and value for money is fast becoming a vital consideration for consumers to take into account when booking their trips abroad.
Egypt has remained a top destination choice for many varying reasons, apart from the fact that Egypt’s credibility as a nation, and its increasing success in the tourism market, can in large be attributed to the fiscal reforms the Egyptian government have committed themselves to, it is also a well known fact that Egypt has a wealth of culture and historical background, all inclusive in the superior experience that is Egypt.
Tourists are becoming increasingly willing to venture outside of Europe for their holidays, according to new research.
A poll by Urlaub Perfekt magazine found that people from Germany considered Egypt one of their favourite holiday destinations.
The survey of 1,200 respondents found that the country was the only non-European nation to make it to the top five, which also included Bulgaria, Greece, Turkey and Spain.
Egypt was found to be rated highly because of the quality of its holiday accommodation, as well as the customer service that visitors were likely to receive.
In addition, its suitability for family holidays and its overall affordability were also much lauded by German consumers.
The country's popularity as a holiday destination recently prompted the BuyAssociation website to recommend Egypt as a market for overseas property investors.
According to the online portal, it has become one of the most popular destinations for winter sun-seekers over the last few years.
Overseas property investors are encouraged by the Egyptian government to invest in Egypt this provides the Egypt economy with direct foreign investment into the region.
The overseas property industry seems set for a bright future according to predictions from a recent study. “The appetite for property abroad seems set to continue with the British and Irish Buyers firmly behind the wheel. In fact the study carried out by Datamonitor has predicted that ownership is set to almost double over the next five years.” (www.amberlamb.com)
Egypt offers the perfect climate for year round holidaying with guaranteed sunshine from January to December. Visitors can marvel at all the country has to offer such as luxury resorts, fantastic golf courses, breathtaking scuba diving, unforgettable Nile cruises, fine sandy beaches and exclusive nightspots.
Egypt’s ancient heritage lives alongside a thriving economy which makes it a perfect place to visit to indulge or splash out. The Red Sea Riviera, a stunning stretch of coast line, is a favourite with holiday makers from all over the world because of its beautiful location, warm waters and proximity to all the cultural treasures of Egypt.
According to research, “Egypt tourists industries is expected to increase to 13.4 million by 2011, generated GDP by 12% by 2011 and generate over quarter of a million new jobs in Egypt in the same period of time and 2007 is when this increase will begin. This is set to have a positive effect on property prices in Egypt.” (www.amberlamb.com)
Egypt is at the beginning of its boom and timing is essential to take advantage of cheap property prices in Egypt. Infrastructure improvements are already underway and accessibility into the region is already fairly easy.
Tourism is booming and the attraction of the diving community is being followed by European holiday makers. The British flock to this region every year all in all this makes Egypt a great place to invest
Property Select offers a comprehensive selection of overseas property in Egypt, news, members club and reviews of the latest property developments.
You might also like to read:
- Sorouh expands further to international markets - 10-10-2008
- Mortgage step forward in Egypt - 06-10-2008
- Egypt kidnapping unlikely to affect tourism - 02-10-2008
- Symbolic projects at Cityscape Dubai 2008 - 01-10-2008
- Enhanced transparency of Egypt property market - 30-09-2008
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