Both on the banks of the Nile and on the coast of the Red Sea there is something to see and interest for buyers of overseas property. Hurghada has long been mastered by foreigners as a place for recreation, the time has come to consider this country as an object for private investment. Like most other emerging real estate markets, Hurghada has huge potential for long-term growth in home values. Forward-thinking buyers simply cannot help but pay attention to the wide selection of properties in Hurghada that developers offer for vacation and permanent residence. As a result of continuous development, Hurghada has gradually acquired the status of a popular year-round tourist resort, offering visitors world-class diving and other outdoor activities.
Egyptian companies building and selling real estate are already conducting hundreds of transactions in which the buyers are British, Europeans and Americans. The fact is that the purchase of real estate in Hurghada for their own vacation and for living attracts a lot of people — this place is considered one of the most prestigious, since inexpensive apartments (from $ 10,000) bring great moral satisfaction to their owners. Likewise, buying for investment purposes is common among foreigners.
The potential of the Egyptian market is exceptionally great, and those who want to find a really profitable option for investing in overseas property should take a closer look at this country.
It is very profitable to buy real estate in Hurghada under construction. The prices look amazing — the studio costs only $ 10,000 and the two-bedroom apartments in the same complex are between $ 20,000 and $22,000.
And for those who are determined to make more serious investments, there are developers who also offer more expensive apartments. Their cost is from $ 50,000.
The phenomenal growth in property values that is now being observed in Hurghada cannot last forever. This stage is typical for all emerging markets and the growth is likely to become less rapid in a few years, but it will remain stable for many years to come.
Given that tourism on the Red Sea coast is thriving, it is logical to assume that the main source of income for foreign buyers of Egyptian real estate will be its rent. Whatever property you decide to buy, be careful not to overpay for your future apartment. As clear and transparent pricing mechanisms have not yet developed here, and there are often cases when real estate is offered to foreigners at prices three times higher than those paid by local residents.
Egypt is attractive for its low apartment prices and wonderful climate. Indeed, great investment opportunities open up here. But before making a purchase, you should think carefully about everything and not neglect the advice that sounded in this article.
For any questions regarding the choice of EXCURSIONS from Hurghada, you can always consult with our specialists who have relevant information and will help you make the right choice
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