Since ancient times, the earth has been the object of desire of states, individual peoples, communities and individuals. Everything in our world can lose its value — the land never. Buildings can collapse, a yacht can sink, a car can crash, and only earth remains earth under any circumstance. Therefore, buying land is deservedly considered the most reliable option for investing in real estate.
Land development in Egypt, cleaning, infrastructure and construction have always been profitable. It is worth paying attention to the fact that in recent years, prices for land and, especially, for construction in Egypt in the coastal zone of the Red Sea have been growing rapidly. But, despite the rapid rise in prices, this type of investment is considered less risky and more promising than other types of investment deposits.
It is not for nothing that Mark Twain said: «Buy land, they don’t produce it anymore.» You can’t say more precisely.
The undoubted plus of investing in the land of Egypt is that it is allowed by law to buy it not only for Egyptians, but also for foreigners, individuals and companies. The coastline along the sea has been actively developed only in the last 25-30 years. About 25% of the 1080 km of the Egyptian coast is built up on the Red Sea. Earlier, before the active development of tourism in this region, land was very cheap. The reason is simple — there was no water and modern methods of its extraction. At the present time, things are different. Only in Hurghada three water pipelines have been laid, and the largest hotels independently provide themselves with water, including from desalination stations for water extraction.
Today, the cost of land plots directly depends on the distance from the sea, the level of development of the surrounding urban infrastructure, as well as the area of location, the purpose and availability of access roads near the roads, the possibility of connecting to energy networks, sewerage and water supply.
The most expensive land is on the 1st coastline, as well as in areas where the majority of property owners are foreigners. In the areas adjacent to Hurghada, land plots for residential construction are still less expensive, but Hurghada is being built and growing at a rapid pace, therefore, prices for land are constantly growing. As mentioned above, investing money in land plots for construction is one of the most profitable investments.
For any questions regarding the PURCHASE and selection of real estate in Hurghada, you can always consult with our specialists who have the latest information and will help you make the right choice
+20 106 930 3640 Contact us
Skype: Hurghada RedSeaLine