Summer heat in February, unique monuments of ancient civilizations and low real estate prices. Without a doubt, Egypt — and in particular its Red Sea coastline — is a great place to buy a home to come any time of the year. When it comes to hot sun, ancient civilizations and real estate income, Egypt is second to none. For many years the country has been one of the main preferences of both tourists and home buyers abroad. Considering that the flight from many countries does not exceed 4 hours, and the local market is replete with offers, costing from $ 10,000, it is not difficult to understand why Egypt is one of the most demanded countries among vacation properties.
Many facilities offered in Hurghada are located in new complexes with their own infrastructure — swimming pools, bars, shops, and often with spas.
The largest Egyptian resort of the Red Sea — Hurghada, has been actively attracting foreign investments for several years. In the vicinity of Hurghada, you can still find frankly cheap apartments worth $ 8,000 — $ 10,000, and the owners of apartments worth about $ 15,000 can count on the sea view and the distance to the beach no more than 5 minutes.
In this resort, you can safely invest in the purchase of housing, since the rental scheme here is debugged and assumes an annual income of 20-25%.
Foreigners buying housing in Hurghada are attracted by: firstly, the rapidly growing tourism industry, and secondly, the active position of the government, which supports any initiatives aimed at creating, supporting and stimulating a favorable investment climate, as well as the still low prices for real estate with a growing demand for quality properties. It is also worth paying attention to tax incentives. Today in Egypt there are no levies or taxes on property gains. Hurghada will be a very good option for those who count on pure investment profit. Every day, more and more residents arrive in Hurghada and the suburbs of this city: local workers, foreigners, many foreign tourists and local emigrants who have returned to their homeland.
This hospitable city, which stretches along the most beautiful sea, is certainly suitable for those who want to serenely admire the seascapes, but do not intend to deprive themselves of the delights of the city bustle.
The main charm of Hurghada, regardless of the purpose of your visit here — to relax by the sea or move to a permanent place of residence, is that in order to live in this beautiful city, it is not at all necessary to have a tightly packed wallet.
For any questions regarding the choice of real estate FOR RENT in Hurghada, you can always consult with our specialists who have up-to-date information and will help you make the right choice
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