It is no secret that you can buy an apartment in Hurghada from 8t dollars and by renting it out, return the costs for several years.
Foreigners are a rapidly growing group of clients interested in renting and buying a home in Hurghada, who are increasingly looking at the Red Sea real estate. The demand for real estate in recent years has grown by at least 30%. People are looking for real estate for themselves and for rent. On the delivery of apartments, you can earn 20-25% per annum in foreign currency. This is several times more than the banks offer for foreign currency deposits. But in reality, not everything is so simple — you can both make money and acquire a «burden» that will pull money and not generate income.
Among the resort regions, most often foreigners choose Hurghada as a «safe haven» for their families and capital.
The interest in Hurghada is driven by several factors.
The standard of living in this country does not differ much from the world average. And the cost of living is very low. For example, utility bills usually do not exceed $ 50 per month for a family of 3-4 people. Plus — good ecology and climate, relatively inexpensive medical care. All of this is important for those who are looking for housing for themselves and for those who buy for rent. The reliability of investments also captivates. And today, according to experts, investment in real estate remains one of the most profitable investments.
Many foreign buyers expect that by purchasing apartments on the coast of the Red Sea, they will be able to receive not only a stable rental income, but in the future they will also make money on the sale of housing.
Real estate prices in Hurghada have grown by 30% in just a few years. So even with a quick resale, you can make good money. So buying an apartment for sale would be a profitable investment option. Thus, you can earn 30-40% of the money invested.
The popularity of Hurghada among tourists, as well as property prices, are constantly growing. But so far there are also comparatively budget proposals. For example, a studio from a developer with an area of 35 sq. M can be bought for $ 10,000, and a one-bedroom apartment in the secondary market with an area of 55 sq. M. m not far from the beach can be bought for 12,000 $.
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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