Ok lets get straight to it, the main activity in the Egyptian property market is in and around the Red Sea, the Mediterranean Sea coasts, and the major cities of Cairo and Alexandria.
But in our opinion it’s the pristine beaches, modern and luxurious facilities being developed along the Red Sea that is attracting many visitors and tourists to the area and providing the rental income from these resort properties is too lucrative for any Egypt property investor to ignore.
Think about this as , the weather is rainy in the winter on the Northern Mediterranean coast, the sunnier and therefore the tourist rental season there is reduced to only 3 or four months a year and consequently the Red Sea resorts are receiving the great majority of tourists with their year round warm climate and sunshine.
Why the Red Sea
Here are just a few of the reasons why the Red Sea is one of Egypt’s most popular tourist destinations.
Location & Accessibility
Very good air links to and from the UK and most of Europe mean that the Red Sea is very accessible and has witnessed a massive increase in the number of affordable European charter and scheduled flights.
Climate
As mentioned earlier The Red Sea area offers a sunny warm and stable climate for most of the year with little seasonal fluctuation, and very little rain and all year round sunshine.
The Red Sea water temperature rarely falls below 20? C with temperatures ranging between 18oC and 21oC in winter, and 21oC and 27oC in the summer.
Natural resources
You will find white sandy beaches with warm and clear blue waters along side and breathtaking desert landscapes.
Egypt’s Red Sea region is an extraordinary environment of natural beauty and an impressive reserve of sea life with significant coral formations and a many island diving spots.
In our opinion it is Hurghada on the Red Sea coast that is hotspot area for investment and Hurghada property is said to be one of the best real estate investment opportunities anywhere in the Egypt.
The Red Sea is a magnificent and most fascinating environment with some of the best underwater gardens in the world.
The underwater decoration is rich in walls of colourful corals and splendid underwater gardens providing unique and amazing views for divers and snorkelers.
There are more than 400 varieties of corals and over 1500 different types of fish with many rare and multicoloured fish and the underwater visibility is up to 30 meters and 45 meters deep diving is possible.
One of the new Hurghada properties that is attracting a lot of buyers and property investors from the UK is Oasis Marina, a luxury new beachfront property located in the fast emerging Al Ahyaa area between Hurghada and El Gouna. The development is to operate as a tourist resort and will offer a selection of luxurious fully furnished and spacious studio, 1 and 2 bedroom apartments with spectacular view of the coast and beautiful Red Sea.
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