The land of Pharaohs, Pyramids and the Nile, Egypt has always been an iconic destination amongst tourists. The crystal clear waters of the Red Sea are a world renowned, and Egypt’s history stretches back far beyond any other country in the world. Along with spectacular resort areas, a welcoming population and an unbeatable climate, Egypt is often referred to as the ultimate package amongst the international tourism industry. There are activities that appeal to all walks of life from historians, to extreme sports enthusiast, shopaholics to sun worshippers. According to the ABTA (Association of British Travel Agents) tourism from Britain to Egypt is growing between 20-25% per year with even higher predicted growth for the next few years.
Global mass tourism has also been a strong influencing factor in the expansion of foreign real estate investment in Egypt. Growing mass tourism appeal there has gained investor interest for strong rental yields, low property prices, rapid capital appreciation potential and high demand enabling flexible exit strategies.
The Red Sea Riviera has seen a lot of domestic and foreign investment for this reason. The high demand for tourist accommodation provides property in the region with strong rental yields. Investors also like this area in particular due to the good infrastructure resorts along the Rivera enjoy due to the high levels of tourism. This is particularly true for areas such as Hurghada and Sharm el-Sheikh.