Over the past two years, Egypt has seen an almost unprecedented increase in demand for property, particularly in the ever popular resorts on the Red Sea.

Today, investors from all over the world are buying property in destinations including Hurghada, Sharm El Sheikh and Marsa Alam, seeking to capitalise on the year round climate, low property prices, world class waters sports and burgeoning tourism industry on offer in Egypt.
 
At the heart of the growth in demand for property in Egypt, is the huge tourism industry which sees millions of visitors flock to this part of the world each year. In particular, resorts such as Sharm El Sheikh and Hurghada are now considered to be amongst the world’s leading tourist resorts, offering visitors unparralleled luxury, on the shores the legendary Red Sea. Such is the increase in Egypt’s tourism industry (approx. 140% year on year), that large numbers of low cost airlines from the major European travel hubs are now offering low cost flights to Egypt on an almost daily basis.
 
Understandably, this increase in visitors to the region has resulted in a considerable increase in demand for Egypt real estate, especially in the Red Sea region. This increase, coupled with the relatively low price of property in Egypt, has opened a substantial opportunity for investors looking for opportunities outside of the more traditional European property investment destinations.

It is estimated that the demand for property in Egypt will continue for the next 5-10 years at least, and with the areas of undeveloped land in destinations along the Red Sea, the opportunity seems to be substantial for a long time to come.

>> For more information, visit the official Egypt tourist board website.