The 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.

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.

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.

The past couple of years has seen an increasing amount of interest in the market for property in Egypt, with investors attracted to the increasing number of tourist who travel to the major cities and large Red Sea coastal resorts such as Sharm El Sheikh, Hurghada and Marsa Alam.

Increasing numbers of major international developers are moving large scale projects into Egypt, with developments ranging from luxury Red Sea resorts, through to major new cities and developments in key urban areas such as Cairo and Alexandria. In particular, the property in New Cairo is widely acknowledged as being amongst the most luxurious and exclusive in Egypt.

With the market for tourism in Egypt showing only signs of continuing growth, an increasing number of investors are looking to tap into the high lucrative short term rental accommodation market. Red Sea resorts such as Sharm El Sheikh and Hurghada have proven incredibly popular in recent years, with large numbers of tourists attracted to the regions superb scuba diving and other water sports and entertainment. As the demand for short term rental accommodation as well as second home continues to grow, so will the demand for units through inward investment from overseas.

For more information on property investment in Egypt, why not visit our main site at Offplanworld.tv, where we provide information on a large number of investment properties in Egypt.