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Sahl Hasheesh – Luxury on the the Red Sea

January 10th, 2010

Azzurra Red Sea pool at nightStretching out over twelve kilometres of one of the Red Sea’s most beautiful bays is the stunning new resort at the Sahl Hasheesh. With it’s world class hotels, superb architecture and welcoming sandy beaches, the Sahl Hasheesh typifies the very essence of a luxury lifestyle in Egypt. All of this, coupled with the warm, year round climate which ensures that Egypt was one of the world’s leading tourist destinations last year. 

What is different about the Sahl Hasheesh however, is that this resort is newly created, and considerable time and effort has gone in to making sure that the resort will become one of the Red Sea’s most popular and exclusive tourist destinations. Just a short stroll through the centre of the Sahl Hasheesh opens a world luxury hotels and developments, interspersed by boutique shops, restaurants and bars. Indeed the infrastructure of the Sahl Hasheesh is now entirely completed, and new developments are opening up all the time.

The resort itself is located just north of the already popular resort of Hurghada, and indeed the international airport is just twenty kilometres away from the Sahl Hasheesh, ensuring the resort is merely a few hours travel time from the majority of major European travel hubs.

Today, people looking to buy property in the Sahl Hasheesh have a wide variety of developments to choose from, and already resorts such as the Azzurra Red Sea Resort, The Veranda and The Ocean Breeze have proven popular with investors and holiday home owners alike.

As the resort becomes increasingly popular, it is highly likely that more new property developments will be announced. We will of course keep you updated with news of any new property for sale in the Sahl Hasheesh. For anyone who would like to find out more information on our range of real estate in Egypt, you can of course visit our main site at Offplanworld.tv.

Monna Sharm Resort in Sharm El Sheikh

January 8th, 2010

Monna Sharm 1The Monna Sharm Resort is the latest development to be launched in the increasingly popular Nabq Bay region of Sharm El Sheikh in Egypt. Offering a wide selection of accomodation units, ranging from luxurious studios through to spacious two bedroom apartments, the Monna Resort offers some of the best value property in Sharm El Sheikh available.

The resort offers residents a wide range of amenities including communal swimming pools, a health club, a four star hotel, 24 hour security, a supermarket, clinics and shops. With prices starting from as little as £18,837 for a studio, it is easy to see why the Monna Sharm Resort has created considerable interest since it’s recent launch.

  • Studios (38 sqm) – £18,837.00
  • One bedroom (56 sqm) – £27,337.00
  • Two bedroom (78 sqm) – £43,516.00

If you would like to find out more about our range of off-plan property, or the Monna Sharm Resort in Sharm El Sheikh, why not visit our main site at Offplanworld.tv.

For more information on Sharm El Sheikh.

Demand for property in Turkey continues to rise despite economic climate

November 25th, 2009

Turkey PropertyThe global economic downturn had led to a huge shift in attitude towards overseas property investment, with many choosing to hold off until economies show signs of improvement. However, the Turkish property market seems to have defied this trend, continuing to flourish despite the negative impact felt by other countries. A number of possible reasons for this have been indentified.

Turkey’s economic and political circumstances have undoubtedly contributed to the country’s growing property market. Mediterranean destinations once popular with tourists and property investors have been somewhat shunned as people consider alternative non-eurozone locations, where they’ll get more for their pound. Turkey’s tourism has benefitted significantly from this change, and investors have turned their attention accordingly.

Turkey’s application to the EU has also contributed to increased confidence in stability of the country’s economy. With property investors taking advantage of new government laws surrounding foreign property ownership as they make investment decisions; Turkey is starting to seem like the obvious choice.

Cheap flights lead to repeat visits, so Turkey has also seen the advantages of numerous budget airline routes to and from UK airports. This increased accessibility ensures continued rental income throughout the year – and when tourists arrive in Turkey, the low cost of living means they can eat, drink, shop and visit attractions without breaking the bank!

With such a wide range of destinations – cities like Istanbul and coastal resorts that offer visitors the opportunity to completely relax, as well as a unique blend of European and Asian cultures, there are also plenty of reasons for visitors to return again and again to Turkey, each time sampling the delights of a new part of the country. From Istanbul to Bodrum, Fethiye and Antalya, the Turkish tourism industry has wide appeal and caters to a variety of holiday maker’s requirements.

All this, coupled with an enviable Mediterranean climate – with almost year-round sunshine and scorching temperatures – there’s every reason for tourists to hold such high regard for Turkey…and where the tourists go, the property investors will follow as they cash in on rental opportunities. Flats, apartments, villas and traditional houses available to foreign investors mean that prices suit a range of budgets.

All of the factors described above serve to illustrate the varied reasons that demand for property in Turkey continues to rise despite a troubled global economy. If you’re considering overseas property investment, there’s huge potential across the country – whether you’re looking for a holiday home to make frequent trips to throughout the year, or if you’d like somewhere to provide you with an ongoing additional income.

Red Sea Property Has Something For Everyone

November 25th, 2009

Egypt real estate, particularly on the Red Sea Riviera, is famed for being among the least expensive in the world. Note the use of least expensive; in marketing circles it is frowned upon to use the word cheap, but that is not why I have avoided it here. I have avoided it here because Red Sea property is not cheap; it is a bargain because of what you get for your money.

Egypt is one of the fastest growing tourism hot-spots in the world. In an interview with Write About Property earlier this year, the Association for British Travel Agents said that tourism to Egypt from Britain had been growing at around 20% per year for the last few years, and forecast that this would accelerate to 25% this year, as the strong Euro forces people to look outside the Eurozone for cheap holidays.

The Red Sea Riviera encapsulates some of Egypt’s fastest growing tourism hot-spots, most notably Sharm el-Sheikh and Hurghada. In both of those locations you can find the best investments and holiday homes that Red Sea property, and arguably Egypt real estate as a whole has to offer.

The average price for a 2 bedroom luxury apartment on the Red Sea Riviera is under £40,000. The average rent on one of those properties would be about £300 per week. Owners of Red Sea property are currently achieving 15-20 weeks occupancy per year. Doing the calculations from those figures the average rental yield on property on the Red Sea Riviera is 12.5% gross.

It is little wonder then that most Red Sea properties for sale right now are offering very impressive guaranteed rental yields of 8% and upwards.

But Red Sea property comes with another massive benefit.

“Most of the Red Sea Riviera is a National Park, or belongs to some protectorate, both under water and on land. Desert and marine life are protected by a number of laws, and visitors not abiding to the regulations may be subjected to heavy fines.” Source Wikipedia.

Therefore, anyone buying Red Sea property can do so safe in the knowledge that the area will never be over-developed. This also means that demand will continually outstrip supply, which will put massive upward pressure on Red Sea property prices long into the future.

Most people buying Egypt real estate — like most places — at the moment, are doing so on a fly-to-let basis, because the crunch showed everyone that capital values can go down as easily as they can go up. None the less, the potential for capital growth will always be a factor in the decision making process. So adding the protected area reinforcement of the potential for capital growth, to the impressive rental yields mentioned above, Red Sea property offers a pretty powerful investment package.

That is before we even mention the things that the tourists come for: the fantastic climate, great beaches and world renowned marine life that attracts scuba divers from all around the world, which make Red Sea property perfect for lifestyle buyers also. All in all you could say property on the Red Sea Riviera has something for everyone.

Increase in Investor Interest as Global Spotlight Prepares To Shine on the Rainbow Nation

November 18th, 2009

Few destinations capture the imagination of investors in the same way as South Africa. Throughout history, investors and speculators have travelled to this beautiful part of the world, seeking to capitalise on the country’s wealth of natural resources and stunning natural beauty. In the modern day, the focus may have shifted away from gold, however the opportunities still exist in abundance, and many now see South Africa as one of the next major emerging property markets. 

When looking at the opportunities for growth and development in South Africa, the focus of investors surrounds the country’s huge potential for tourism. Today, destinations such as Cape Town, Kwazulu Natal and the ever popular Garden Route are becoming increasingly well travelled by visitors from overseas, many of whom are choosing to return, purchasing second and holiday homes as long term investments.

Away from the southern coastal routes of the Western Cape, many suggest that the emerging market within South Africa is in fact further north, in the coastal regions of Kwazulu Natal. Here, destinations such as Ballito are only today really beginning to fulfil their considerable potential for tourism, capitalising on the superb beaches and abundant wildlife which can be found throughout the region. Throughout the past couple of years, a number of superb new eco-resorts have been announced throughout the Kwazulu Natal region, providing visitors with an opportunity to experience what many consider to be a more genuine African experience.

Whilst the focus of investor’s attention has typically been on the tourist destinations, there is also a growing demand for property in the rich urban areas surrounding Johannesburg. Indeed, throughout the entire Gauteng region, a large number of multi-national corporations have chosen to situate their African headquarters, creating an increasing demand for middle range and executive properties throughout the region. Far from the traditional conceptions of Johannesburg as the crime capital of Africa, the city is beginning to make considerable strides towards becoming a global financial and commercial hub for Africa.

As seen in so many other markets, there is likely to be a notable ‘knock-on’ effect on the demand for property in South Africa. On the back of these increases in tourists visiting the region, the potential for short term and holiday rental property in South Africa is considerable. With many visitors chosing to stay in the country for a prolonged period, increasing numbers of tourists in South Africa chose to travel to multiple destinations. Often chosing to stay in apartments and villas for shorter periods, popular tourist trails such as the Garden Route provide superb investment opportunities for investors looking to buy property in South Africa.

When considering the opportunities for investing in South Africa, it is worth also considering the global media attention that will be experienced by South Africa during next years 2010 World Cup. Indeed it is likely that the country will experience a considerable increase in tourism on the back of the World Cup, as people become exposed to the wealth of available opportunities throughout the country for the very first time. With a global audience of billions watching the month long tournament, and hundreds of thousands of fans set to descend upon the games, the impact on the country’s tourism industry will be an important legacy for the foreseeable future.

Despite the considerable potential for investment return in South Africa, it would be remiss to look at the region as a short term investment. Indeed, the appropriate due diligence would demand a full consideration of the social, political and demographic climate of the region. Over the past 20 years, South Africa has experienced considerable change, and few would argue that there is some way to go. However, these changes have undoubtedly sowed the seeds of economic prosperity, and in the long term the benefits will be substantial to the country as a whole.