Resort complexes on the Red Sea are able to interest any buyer. In Egypt, summer and sunshine reign all year round, and the winter months are considered the best season for relaxation. It doesn’t matter what budget is available and how high the requirements are for the resort, there will certainly be a suitable offer. And even small investments bring good income, and although real estate in the country is still relatively inexpensive, now you can buy an apartment for $ 8,000 — $ 10,000, its value is growing every day.
Hurghada is a perfect place for those looking for a second home by the sea.
Due to the unique climatic conditions, you can relax on the Red Sea all year round. Perhaps this is one of the few places where you can fully relax on the beach in winter. Moreover, it is one of the best diving destinations in the world. To all these advantages it is necessary to add a very attractive level of property prices. It is worth recalling that it is possible to buy an apartment for $ 8,000 — $ 10,000, and this is no further than 400-500 meters from the beach.
The market is still at an early stage of its development, so despite the constant growth in value, resort housing is still available to the widest range of buyers. Investors are attracted not only by the climate, but also by the opportunity to rent out property 12 months a year. We also note the low consumer price level typical for Egypt and good transport accessibility.
The main focus of buyers looking to buy holiday and lodging in Egypt is Hurghada, a popular tourist resort on the Red Sea coast. Hundreds of transactions are made here every year, and many of the buyers have repeatedly come to rest at this resort and at one point decided that it is better to have their own house in Hurghada than pay for housing every time. Hurghada is one of the five best destinations for buying real estate in the world.
Of course, this is largely due to low real estate prices. Moreover, almost all resort complexes are located either on the first line, or in close proximity to the Red Sea. All of them have a number of infrastructure facilities — at least pools, restaurants and bars. Finally, Hurghada is considered to be one of the most accessible areas in terms of transport.
However, prices in Hurghada have the widest range of prices. But in terms of prices, Hurghada is a much more attractive choice compared to other established markets in coastal cities. In addition, foreign investment is very important for Egypt, so the government is doing its best for investors.
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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