Whilst some are uncertain of the impact the recent political transition will bring, the truth is that this is positive news for the nation and its investment, as the country shows early signs of a free democracy, a open market and stronger economy. This has created opportunities for the international market as places such as Hurghada have witnessed, enjoying some of its highest tourism rates this year.
Now is the time to invest in property in Egypt. Having undergone a popular political revolution, the country is far more transparent, less corrupt and property rights are more widely respected. Buying apartments in Egypt has become increasingly appealing to investors attracted by low prices and Egypt’s growing reputation as an up and coming holiday destination.
With high level of tourists creating a demand for holiday accommodation, property owners can gain strong rental yields. Both foreign and domestic demand for property in the Red Sea resorts and property in Hurghada is likely to continue due to concerted investment towards the development of infrastructure and services and plans to increase the population. This provides Egyptian real estate owners potential for strong capital appreciation and enables flexible strategies. With the property market of the Red Sea resorts in its infancy, this means Egyptian homes here are relatively inexpensive, providing low entry points for investors to join the start of a growth curve. This also, however, makes the decision of where and what to invest in and who with all the more important. Select Property partner with only the best property developers and companies in Egypt with a visible track record to offer our customers a safe and secure investment in some of the best locations on the Red Sea.
Set on the spectacular Red Sea Riviera, North of Hurghada rests the resort style properties of Royal Beach, a stunning frontline beach development. Located in an exclusive area designated for hotels, Royal Beach provides a more affordable choice of luxury, high-quality residential properties and stunning Egyptian villas. Boasting excellent facilities including its very own Cinema, Diving School, Shopping Centre, Hyper Market and Medical Centre, this stunning resort is one of the most desirable and well equipped in the area.