Red Sea Property – The Emergence Egypt’s Red Sea Resorts
Tuesday, April 7th, 2009
Scattered along the picturesque shores of the Red Sea, the resorts of Sharm El Sheikh, Hurghada, El Gouna and Marsa Alam are now amongst the most popular tourist destinations for the large European travel market.
Every year, large numbers of visitors are attracted to the region by the superb beaches, world class scuba diving and international cuisine. These attractions, coupled with the relatively cost of travelling to Egypt (especially in relation to the Euro), have meant that Egypt is set to be the destination of choice for people looking for a summer vacation in 2009.
The dramatic increase in visitor levels to the region over the past two years, coupled with the relatively low price of property in the region has meant that property in the Red Sea resorts has become increasingly desirable in recent times, as investors seek to capitalise on the increasing investment opportunities available throughout the region.
The Red Sea resorts cover a large area of western Egypt, ranging from Marsa Alam in the far south, up to the hugely popular resort of Sharm El Sheikh on the southern tip of the Sinai Peninsula. Relatively undeveloped, the entire region offers huge scope for future development, as the resorts gradually expand along the large stretches of available coastline. It would be fair to say that it is this scope for future growth in the Red Sea which is really proving attractive to investors and property developers alike, who are beginning to look at Red Sea property as a long term investment opportunity.
Alongside the relatively low cost of property in Egypt, and the increasing levels of tourism into the country, other factors have also combined to develop the investment opportunities available. In particular, the Egyptian government has adopted a pro-foreign investment stance in recent years, which has undoubtedly paid dividends as large numbers of investors seek to capitalise on the pro-investment environment being created in Egypt. This, coupled with the increasing accessibility through the increased number of cheap flights to the region has meant a large increase in investor interest on a scale not previous seen in Egypt.
For more information on our range of Red Sea property, why not visit our main site at Offplanworld.tv, where we offer a wide range of Egypt property including apartments throughout Sharm El Sheikh, Hurghada, El Gouna and Sahl Hasheesh.
As always here at the blog we endevour to keep our clients updated with all the new developments which we launch through the main site at Offplanworld.tv. Therefore, we are proud to announce that we have further extended our portfolio of luxury Red Sea property, through our new partnership with Ancient Sand Resort in El Gouna.
Over the course of the past twelve months, an increasing number of investors have shifted focus away from the traditional markets such as Dubai, Turkey and Spain, and have begun to focus on the new investment opportunities which are becoming available along Egypt’s stunning Red Sea Riviera. Just a short four hour flight from mainland Europe, and offering a superb, year round climate, Egypt is rapidly becoming one of the most sought after property investment locations.