Why Pay More Holidaying in Europe when you can get More for Less in Sharm el Sheikh

Posted on November 28, 2011 by Luke

Sharm el Sheikh and Hurghada holidays both rank at the top of the list when it comes to getting more value for the money. Sharm el Sheikh offers a better alternative than the usual Mediterranean holiday with its breathtaking diving, exclusive Red Sea beaches and entertaining nightlife – only the best that Egypt has to offer. Hurghada hosts a spectacular 26 mile long beach surrounded by majestic mountains and desert. Not only is it conveniently located and simple to get to, with its own impressive international airport, but it’s approximately 250 miles from Cairo.

The 5 star Hauza Beach Resort Hotel located in Sharm el Sheikh offers holidaymakers an array of endless adventures to experience. Some of the highlights include exploring the spectacular sea life in the Red Sea wrecks, touring classic architecture, walking the exclusive 400m beach, snorkelling amongst the coral reef, salt water lagoon, an assortment of specialty dining establishments, entertaining pools surrounded by waterfalls and so much more.

Another suggestion is the Aqua Blue Luxury Resort Hotel, which offers travellers a large selection of recreational activities to fill their every need. Some of those include tennis courts, several swimming pools, four spacious fun filled water slides, room for volleyball, miniature-golf, a variety of the latest gear in the health and fitness centre and much more.

Whether you’re a person who is a sun worshipper, in search of the perfect diving location, a water sport enthusiast, passionate about food, seek out entertaining night life or you just want to get away from it all and spend your holiday relaxing, you will find it all on holiday in Eqypt. Sharm el Sheikh and Hurghada holidays have rapidly gained popularity over Greece and are luring visitors away from the standard holiday locations like the Mediterranean. The Eurozone has completely modified the way the UK takes holidays and the outlook appears to continue this way throughout the foreseeable future.

 

Bio

 

Andrew Potter works for My Online Estate Agent and writes about the travel industry and the UK and overseas property markets. If looking to sell your house yourself why not try My Online Estate Agent, a low cost UK wide online estate agent.

Categories: Egypt Tourism, Sharm El Sheikh Property | Tags: , , , | 8 Comments

Egypt’s Tourism Industry Getting Stronger

Posted on November 3, 2011 by Luke

Egypt’s tourism industry has only seen a decrease of 25% since January’s political unrest, with experts forcasting that the number of tourists will reach 11 million before the end of the year.

“Egypt has managed to bring back tourism after the events in January,” tourism minister, Munir Fakhry Abdel Nur recently announced at the recent World Tourism Day ceremony.

“We expect the number of tourists to reach 11 million by the end of the year, with revenues of up to $10 billion, which would bring us up to 75 per cent of tourist arrivals compared to last year,” he continued.

Destinations which  have continued to prove popular with visitors to Egypt have been large, Red Sea resorts such as Hurghada and Sharm el-Sheikh.

With the majority of tour operators offering all inclusive, package deals, most tourists are choosing to go to the more well-known and popular resorts due to their proximity to visitorlocal attractions and their wealth of facilities.

The number of tourists visiting Egypt has fluctuated during the year however figures are beginning to rise again. For the first quarter of the year tourism was down 45.7% When compared to the previous year. Although figures were down for a second time in a row, Q2 saw only a 35.4% Decrease and in July there was a 28% decrease when compared to the previous year.

The consistent increase in the number of visitors is good news for Egypt’s economy as tourism in Egypt supports 10% of the country’s active population.

Many property investors are taking advantage of this dip as an opportunity to purchase buy-to-let property in Egypt. Resorts such Hurghada and Sharm el-Sheikh are particularly popular for investors who are looking for a hassle-free property investment offering year round rental opportunities and strong capital appreciation potential.

Categories: Egypt investment property, Egypt Tourism, Hurghada property, Sharm El Sheikh Property | Tags: , , , | 3 Comments

Sharm El Sheikh: Property Growth and Tourism

Posted on September 19, 2011 by Luke

Sharm El Sheikh or most commonly called Sharm by the local city dwellers, is a small city located along the Red Sea, on the southern tip of Egypt.  About 35,000 people consider this their home.  Due to the many ‘peace conferences’ that have been held there, it is sometimes referred to as the “City of Peace”.  Throughout the seasons, there is a wide variety in temperatures ranging from 55 degrees to 102 degrees Fahrenheit.

 

Sharm El Sheikh’s main industry is tourism.  This is due to its vast stretches of beaches with crystal clear water, beautiful landscapes and the moderate climate.  People flock to this area every year from all around to experience this natural phenomenon.  Within the last 25 years, the number of hotels and resorts has more than tripled.  With over 1000 species of fish and 250 types of coral reefs, it is no wonder why Sharm has had an increase in the number of properties sold.  There is a fantastically laid back lifestyle among the Egyptian people.  They have a calm and patient sort of cultural heritage that is envied by the guests who travel there.  More and more individuals as well as families are making this city not only their vacation home, but also their permanent residence.

 

 

The property for sale in Sharm El Sheikh is substantial.  Included are studio apartments as well as larger apartments and villas.  They range from 1 to 2 bedrooms and vary in size as well as price.  If you are considering purchasing a property in this area, you should first visit the area and locate a realtor or attorney there to assist you with your purchase.  Unless you are extremely familiar with the area and their methods, you could be misled.  The policies and procedures of accomplishing the sale can be really distinctive than that of other countries.  This is not to say that you will be intentionally swayed in one direction or another, but as with all large decisions, you will want to educate yourself as much as possible.

 

That being said, Sharm El Sheikh has numerous attractions with beautiful views that are well worth seeing.  Some of the sites date back to biblical times.  This is also one reason why there are so many visitors wishing to go to Sharm El Sheikh.  For instance, Mount Sinai is the name of the area in which God gave Moses the Ten Commandments.  There has been an amphitheatre constructed at its base where the wise men waited for Moses to retreat from the mountaintop.  There has also been a mosque and a chapel built on top.  In addition, St. Catherine’s Monastery is the sight of the biblical burning bush.  This bush started to burn when God spoke with Moses for the first time and for this reason, St. Catherine’s Monastery is one of the most visited tourist sites in Sharm El Sheikh.

Categories: Egypt investment property, Egypt Tourism, Sharm El Sheikh Property | Tags: , , , | 3 Comments

Buy a property in Hurghada, Egypt, at the heart of the Red Sea Riviera.

Posted on September 14, 2011 by Luke

Any investor looking to invest in a property in Egypt must not miss looking at Hurghada. The resorts along the Red Sea are the most sought after properties in Egypt. This shoreline is a tropical paradise and is popularly known as the Red Sea Riviera. Hurghada lies right at the heart of the Red Sea Riviera. It was founded as a fishing village back in the 20th century and since 1980 it has been transformed by rapid property development, investment by people the world over. Today it is the leading resort city of the Red Sea Riviera.

Hurghada has a shoreline of over 40 km and is the best place for water sports. The warm waters of the Red Sea are the ideal conditions in which rare fish and coral reefs thrive. This is a cosmopolitan city where one will find all types of shopping avenues, outdoor restaurants, cafes, international restaurants and bars. There night entertainment provided by European clubs is top class.

Hurghada has much more than the beauty and relaxed atmosphere that one will expect in a lovely resort town. There are the nice beaches, mangroves and palm trees. The barrier reefs run all along the coast. Many uninhabited off shore islands can be accessed from Hurghada. Reefs are well known for the excellent habitat that they provide for underwater life, and it can be observed from glass bottomed boats which are available for this purpose.

The resorts here provide very good service and ample water sports opportunities like windsurfing, sailing, snorkeling and diving. The natural beauty combined with the other facilities that the resorts have to offer makes it the ideal destination for tourists. Hurghada is now one of the favorite destinations for tourism in Egypt with people from all over the world, especially Europe, Russia and Egypt visiting in large numbers.

Hurghada is one of the thrust areas of the Egyptian government for tourism development. The government is taking many initiatives to develop the city’s infrastructure. The increasing number of visitors can be gauged by the fact that the government invested $155 million in a brand new arrivals terminal to handle the rush. The airport handles more than 7 million passengers in a year. Apart from the government initiatives, the growth of the city has been put in high gear by huge investments by private and public sector companies in the development of the resorts and other facilities like golf courses.

There are several advantages to buying a property in this much sought after location. The main reasons for buying property are capital appreciation and rental income. The best deals are available in off plan properties which are still in development. One can get a property by paying only a small fraction of the total cost initially. These properties can be had for a much better price than finished properties. The remaining amount is paid as the property is developed in stages. Many developers offer a rental guarantee scheme, so part of the financing will be taken care of by the rent. Off plan properties generally increase in value by about 40% by the time they are completed. So by the time the property is handed over, the investor is already sitting on a huge profit. This is nothing when compared to the capital appreciation which can be as high as double the original value in a time span of just 2 years.

There is no VAT or inheritance tax charged on properties. That makes it very attractive for foreigners to invest here. The cost of living here is much lower than cities in other countries of Africa or Asia.

The rental income will keep flowing in as the tourists keep coming in. Even if rental income is not a priority what could be better than watching one’s investment appreciate while relaxing in a resort city comparable to the best in the world.

Categories: Egypt investment property, Hurghada property, Red Sea property | Tags: , , | 2 Comments