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Posted On: 10/07/2009
Egypt Property Massive Growth Potential - Often OverlookedEgypt is the ultimate emerging market, and is too often overlooked by foreign investors. Egypt has one of the best climates, and some of the world's richest history in the form of the pyramids, which is attracting massively rising tourism numbers.
Tourism will continue to rise massively as accessibility to the country improves, with the budget airlines flying more routes into the country.
The hindrance to this growth is the fact that there isn't sufficient capacity to accommodate so many tourists. This is good news for property buyers because it means a massive market to target private holiday rental properties at.Sector specialist SEO company Write About Property interviewed a representative of the Association of British Travel Agents in May, and he forecast that the number of Britons visiting Egypt would grow by 25% alone. A driving force behind the growth is word-of-mouth, which grows as tourism grows in a self-perpetuating cycle.
Cairo has long been popular with tourists, and this has increased as getting there became affordable for the masses as oppose to the privileged view. The growth in affordable travel has also heralded the rise of new Egyptian destinations, most notably the coastal region of Hurghada.Hurghada is particularly popular with overseas property investors, because property can be bought very cheaply, and demand for private rental accommodation is rising exponentially, giving way to gross rental yields upwards of 12%. This combination also means investors can find Hurghada properties with impressive guaranteed rental yields.View property for sale in EgyptView property for sale in Hurghada
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Calabria - Italy Napitia Hills is perched at the most elevated point of Pizzo providing each property with unobstructed panoramic sea views over the town itself. Within a 15 minute walk you can enjoy the day to day li...
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Hurghada - Egypt New Release - Tiba Paradise is the 6th Tiba Project by the highly successful local developers. The project is located in the up-and-coming Al Ahyaa district in a region that is close to Hurghada and a...
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