Egypt Apartment Sales Expected to Increase Because of Tourism
Whilst many argue that the holiday industry is on its knees because of the recession and with many holiday spots suffering record occupancy lows Egypt continues to grow as a tourist destination, encouraging developers who anticipate a huge growth in the sale of Egypt apartments.
[UKPRwire, Fri Sep 25 2009] With consistently growing tourist numbers and already a 15% increase in winter bookings compared to 2008 things look great for the Egyptian tourist industry. This also spells big business for property developers as it is the holiday maker that is buying apartments in Egypt at an increasing rate.
The same trend occurred in Spain many years ago. The Brits historically have holidayed in their millions on the Costa's and many of those have bought property for holiday or investment purposes. Unfortunately Spain is in decline as a cheap tourist destination and many ex pats are flocking home as the cheap cost of living now isn't so cheap.
The good news for potential investors in Egypt though is whilst apartments in Egypt are still exceptionally cheap to buy now the huge investment in infrastructure and tourism in the country over the last few years means that prices will rocket making them a great investment as buy to live or buy to rent apartments.
Amanda Clarke from Uncover Egypt Property Agents says: "Some apartments in Egypt such as those in Al Nour Plaza in Hurghada are on sale for as little as £13,500. We certainly see the tourist market as a key driver for of property sales as people holidaying in Egypt simply cannot believe how affordable property is."
The investment on the Red Sea Coast resorts and volume of quality property in Hurghada, Sharm El Sheik and Marsa Alam makes Egypt an affordable as well as a safe and exciting place to live or visit.
For further information about property in Egypt visit http://www.uncoveregypt.com
Contact :
Amanda Clarke
Uncover Egypt
2nd Floor
145-157 St John St
London EC1V 4PY
0800 980 2316
andymaclean@openeyemarketing.co.uk
http://www.openeyemarketing.co.uk
