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Posted On: 30/06/2009
Azure Overseas Reveal Massive Holiday Property BargainOverseas property specialists Azure Overseas have announced the addition of a bargain property in one of Egypt's most popular holiday hotspots. The La Place development offers apartments in Hurghada, Egypt priced from just £10,500. Frank Crowley, the company's director said:
"Tourism to Egypt is growing, and Hurghada is one of the best known tourism locations in Egypt, making the fact that you can buy an apartment there for under £15k absolutely incredible. Look at the growth in property values in other emerging markets' popular tourism locations, Montenegro is a great example, the growth in property values there over the past few years is incredible. This new off-plan development, La Place has the potential to be worth anywhere from 20% to 100% more when then development is completed, what's more, because of the low price and location rental yields should be strong as well."
The La Place development, comprising of just 30 exclusive studio, 1 and 2 bedroom apartments, is situated in Hurghada's upcoming Intercontinental district. Though it is a relatively small development, it has a range of facilities impressive enough for a much larger development, including: a swimming pool, a rooftop terrace with a bar and beautiful sea-views, sauna, Jacuzzi, laundry facilities, pharmacy and even a fully equipped gymnasium. The development is also situated close to all other amenities, and a five minute walk from Hurghada's famous public beach 9.
The price makes these apartments the best holiday home purchase on the planet for those who love holidaying in Egypt. But they are also ideal for those buying Egypt property purely as an investment: the La Place apartments are located just off the end of Hurghada's promenade, a major tourist attraction. The regional council plans to extend the promenade to run into the area where La Place is located, this will add thousands onto property values in the area when completed.
The development is also close to many hotels, including: the Intercontinental hotel, Steigenberger and the Hilton Resort, this is a testament to the demand for high quality accommodation in the area, and properly marketed La Place apartments have the potential to make spectacular rental yields.
Azure Overseas have many other holiday homes and investment properties in Egypt and throughout Europe and the world. Find out more by visiting the site.
About Azure OverseasAzure Overseas is a member of the National Association of Estate Agents (Overseas) and adheres to the highest standards of customer care and stringent market research/due-diligence.
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