Key Investor Benefits
The property market in Egypt is now regarded as a solid reality of the market. The demand for real estate is increasing largely for both the acquisition of holiday homes and pure investment. There are numerous reasons for choosing Egypt as a location where to invest money:

• Warm desert climate with temperatures ranging from 20C in winter to 50C in summer creating a year-round tourist season and year round rental season.
• A unique mix of wealthy culture, beautiful beaches and golden deserts, along with being one of the best diving locations in the world.
• No VAT on property purchases | No Egyptian Inheritance Tax
• No capital gains tax | Low income tax
• Low cost of living and low maintenance costs.
• Cost of living in Egypt is around 20% of UK rates.
• Charges for title deeds and registration as low as 3%.
• Property annual appreciation of about 20%.
• Regular direct flights from most European destinations.
• Properties are highly rentable due to Egypt’s flourishing tourist industry.
• Strong economic growth and increased investment in infrastructure.

Why Invest
 

Egypt’s 2020 Vision

‘Tourism 2020 Vision’ is the World Tourism Organisation’s forecast of tourism in the first 20 years of the new millennium for every major tourist destination around the globe. It forecasts that Egypt will remain the Middle Eastern region’s largest tourist destination receiving country with over 17 million international tourist arrivals. The expected growth rate in international tourist arrivals for the period 1995 to 2020 is above the average for the Middle East and indeed for the world, at 7.4%.

The figures above also provided reassurance that there will be a hugh number of tourists in need of rental accommodation. Not only this but the weather in Egypt provides a year round tourist destination which is not greatly effected by seasons, therefore providing a year long rental season.
Egypt has 12.5 million visitors every year.

Buying in Egypt in the present time unlike in most areas of the world is a safe investment. Although the world economy is down especially in the real estate market in this part of the world we are still seeing an increase in real estate investment. As an emerging country Egypt was stated to be the 5th safest to invest in at the present time. The potential growth investment in Egypt is predicted in the next 5 years to be 20% from year to year. Property prices in Egypt remain low in comparison to Europe, and the area of the Red Sea in particular has seen a tremendous boom with all the expats moving to this part of the world and of course the increase in Egypt’s tourism brings millions of visitors that decided to eventually reside in the Red Sea or own a 2nd home.

The most popular beach and diving holiday cities on the Red Sea Riviera are found off the areas surrounded by Sharm el-Sheikh, Hurghada, and the new resort town of El Gouna. Egypt's Red Sea is home to over 1,100 species of fish and marine life - and it has some of the best scuba diving in the world.

Egypt has every recognised element of successful investment. It is a stable country, politically and economically. Just this year the government ushered in radical changes to encourage foreign investment of freehold property.

For the first time, more than $10bn of foreign direct investment flowed into the country. Dubai developers have recently trail blazed Egypt’s emerging property market. Prices have risen by 50% in the last two years alone, and are set to double in the next three years. The Egyptian Tourist Authority state over one million Britons visited in 2006, which poured a total of $7.6 billion dollars into the economy. Furthermore, their ad campaign ‘Gift of the Sun’ aims to attract 16 million visitors by 2014, which spells great news for rental potential. As for the future, Egypt and its neighbours have embarked on a ’Vision’ project to increase tourism to 150 million by 2020.

Hurghada Area Information

Egypt, a land with a history spanning 7000 years… and probably one of the oldest vacation spots in the world. ‘The Arab Republic of Egypt enjoys a prime location in the northeast corner of the African continent.

Egypt shares its boundary with the Mediterranean Sea in the North, Sudan in the South, Israel and Red Sea in the East.

The Nile runs for over 1,000 miles within Egypt. It divides the country into four broad regions. In the Western Desert, which occupies almost two-thirds of the total area, the Eastern Desert, the Sinai Peninsula, and the Nile Valley and Delta, which is the most densely populated region of the country.

Egypt enjoys year‐round sunshine, warm turquoise waters, heavily populated by marine life, and world famous historical sites. The Red Sea resorts are now receiving more visitors than the more traditional destinations of Luxor and Aswan.

The weather and the guaranteed sun all the year round play a key role in choosing Hurghada as a holiday destination. In winter from November until March the temperatures during the day range from 25/38 and during the night 16/20. February is considered the coldest month. From April to October temperatures can rise to 45 degrees during the day and 35 at night. The climate is very dry and being close to the sea makes it excellent environment.

A city founded in the early 20th century as a small fishing village, in recent years Hurghada has exploded into the ultimate holiday destination for Europeans and now rivals Sharm El Sheikh for the title of Egypt’s liveliest resort area. With its own bars, restaurants, sports and leisure activities plus superb diving and snorkelling, it promises an experience that is second to none; it's become an exciting gateway to the two fastest growing sports on the planet - diving and golf. Hurghada has a new 8km long beachfront promenade, lined with bars, cafes and shops, perfect for the sunset stroll.

Situated at the lower end of the Gulf of Suez to the North and Safaga and Soma Bay to the South and with a seashore stretching 40 km, Hurghada is the centre of aquatic sports. It provides the ultimate Arabian escape– from sailing, windsurfing, deep-sea fishing and swimming, to snorkelling and diving. Founded in the 20th century as a fishing village, the warm waters here are ideal for many varieties of rare fish and coral reefs, which may also be observed through glass bottom boats. It also boasts unique underwater gardens offshore which are some of the finest in the world, favoured by tourists and experienced divers alike. If it takes place in the water, you can do it here.

The town has every modern facility, from banks, internet cafes, business centres, hospitals, international schools and supermarkets. Facing directly onto the turquoise waters of the Red Sea, and wide sandy beaches lined with palm trees, Hurghada is a sun worshipper’s paradise.

Nearby, the exclusive resorts of El Gouna and Sahl Hasheesh invite residents and tourists to experience breathtaking panoramic views of the surrounding desert and mountains. Abu Ting Marina, the most luxurious harbour on the Red Sea, lies in the heart of the El Gouna resort and is renowned for its natural lagoons and its magnificent 18 hole PGA Professional golf course at El Gouna Golf Club, designed by Fred Couples. Sahl Hasheesh, once known as the City of Isis. By 2014, this area will be transformed with no less than 20 hotels (one seven star), eight golf courses and a world class marina designed by Lord Norman Foster. High end retail centres and cinema complexes. So watch out, Dubai. Not surprisingly, property prices are soaring.

Getting to Hurghada
With regular direct flights from the UK to Hurghada International Airport, getting to Hurghada couldn't be easier. In fact, it is perfect for a long weekend break. From March 2008, easyJet commenced a new direct route from London to Hurghada, joining the other carriers like Thomas Cook, ThomsonFly and First Choice, which is bound to create a surge of interest with the fly to let investor.

Return fares start from £150 return.

Hurghada is linked to the Red Sea Resort of Sharm el Sheikh via daily 90 minute catamaran. Coach services will link Cairo with Dubai and Jordan by the end of next year, offering low cost road connections within the UAE.

Egypt Facts at a Glance

Geography
Capital City: Cairo (population - 17 million)
People: Eastern Hamitic (Egyptians, Bedouins, and Berbers) (99%); Greek, Nubian, Armenian, other European (primarily Italian and French) (1%)
Languages: Arabic (official), English widely understood
Religion(s): Muslim (mostly Sunni) (90%), Coptic Christian (9%) and other (1%)
Government: Republic

Located in Northern Africa, bordering the Mediterranean Sea, between Libya and the Gaza Strip, and the Red Sea north of Sudan, and includes the Asian Sinai Peninsula

Climate
Egypt is one of the hottest and sunniest countries in the world. With the exception of a strip about 80 km (50 miles) wide along the Mediterranean coast, Egypt has a desert climate, being entirely within the Sahara.
 

People
Area: 1,001,450 sq. km
Population: 76.5 million (Census 2006)

Economy

Source www.fco.gov.uk

GDP: $129.8bn (2007)
GDP per head: $5,318 (US$ at PPP, est 2007)
Annual growth: 7.1%
Inflation: 14.4% (2008)
Major Industries: Agriculture, Manufacturing, Services, Tourism. Growth sectors include ICT, Construction.
Exchange rate: £1 = 10.61 Egyptian pounds (June 2008)
 

Visa Info
Obtaining a Visa: It is easy to stay in Egypt. When you first come you will get a one month tourist visa, the second time we will take you to the passport agency and will apply for a one year visa with transit. This means during the entire year you are allowed to travel back and forth without any additional costs. This is easily renewed each year. Approx. £20.