Hurghada is really picking up popularity in the overseas property world, and is now a force to be reckoned with. The fact that the government is investing heavily in the area is undoubtedly helping a great deal.
Another huge plus is the large and growing range of flights to the area from throughout Europe (including the UK), making it possible for some people even to enjoy long weekends in the sun-drenched destination. This, combined with the developing infrastructure and year-round-warm climate makes for strong rental income on well-chosen Hurghada properties.
The beaches and watersports are plenty for most visitors, but the city is alive with activity, some have even compared it to Cairo because of its authentic Egyptian markets and souks. There are also plenty of restaraunts, clubs and wester-style shopping centres in the tourist district.
On top of that Hurghada has a banking district as well, which is located near a promenada which has further bars, nightclubs and cafes. For the more adventurous traveller there are desert excursions over the bedouin lands, including jeep safari tours featuring a camel ride.
Egypt is one of the world’s fastest growing economies, and even after its recent troubles has great prospects for business growth. The government is offering 1 year tax free to anyone who starts a business in the country, and this can be done with very little capital.
In short Hurghada has pretty much everything a property investor is looking for in an overseas investment destination.
No comments:
Post a Comment