Property in Hurghada

Property in Hurghada has become increasingly popular amoungst British, European and US investors over the past 18 months; with the credit crisis having little affect on the regions property sales.

Many investors with the buying agency I am a part of  have listed the low cost of property in Egypt (from £15000), the countries location outside of the eurozone, the growing awareness amoungst toursits and the fact that this is one area where credit is actually becomming easier to obtain as reasons behind their purchase.

We have also seen a huge increase in buyers looking towards property in Hurghada for retirement and second homes. These buyers are often targetting El gouna and Sahl Hasheesh, which are self contianed resorts or master communities at the higher end of the market.

The property market in Egypt is recieving a lot of positive press at the minute, talking of Hotel Occupency in Hurghada as high as 80%, and tourism figures the 3rd highest acrross the middle east. Egypt Property News.

Hurghada airport has announced plans for increased flights after a 13% increase in visitors in 2008.

For further information on the Buying Property in Egypt, podcasts and independent buying advice feel free to visit Egypt Property Buying Guide.