Once a small fishing village, modern day Hurghada is a busy and commercially thriving resort, and is home to some of the most exciting property developments to announced in Egypt in recent times.
Supplied by the new international airport, the increasingly popular resort of Hurghada has seen considerable growth in tourism revenues over the past few years, as increasing numbers of visitors from the UK, Germany, Spain and Russia come to sample the delights that the Red Sea has to offer. So what is it about Hurghada which has made it so popular amongst overseas investors in recent times, and what are the opportunities for people looking to purchase property for sale in Hurghada in the coming year?
Before we look at the long term opportunity, it is important to fully understand the geographical nature of Hurghada and the surrounding resorts of the Sahl Hasheesh and El Gouna. All located along stretches of the Red Sea shoreline, the resorts offer unparralleled access to one of the world's leading marine habitats. Stunning beaches run for miles along this beautiful stretch of the Red Sea, and a large percentage of the world's leading hotels now have presence in Hurghada and the surrounding areas.
Offshore, the Red Sea really comes into its own, as it is home to a stunning array of marine life and beautiful corals. Ever since the legendary Jacques Cousteau brought the Red Sea to our living rooms, the Red Sea has been held in almost mythical reverence by fans of watersports. World class scuba diving sites lie just a short boat journey away, whilst kite surfing and deep sea fishing are all widely available to tourists and visitors alike.
It's not possible to look at the market for properties for sale in Hurghada fully, without taking into consideration the stunning year round climate the region has to offer. Whilst many overseas property destinations lay claims to year round climates, Egypt truely offers potential for year round rental returns from short term lets. As such, the increasing demand for property for sale in Hurghada has primarily been driven to date by the early bird investors keen to capitalise on the potential growth in revenue from one of the worlds busiest tourist destinations.
Finally, the Hurghada property market offers exceptional value for money, both in regard to the initial price of the property in Hurghada, as well as the ongoing fees and overall cost of living. Cheap in relation to the vast majority of more established tourist destinations, the Hurghada property market represents exceptional value for money for the majority of investors.