Let’s talk about why Egypt is now one of the most popular countries on the planet with holiday home buyers and property investors alike.

Great Climate All Year Round
Everyone loves good weather right? Well as Egypt benefits from year round sunshine it must be one of the reasons behind its mass appeal!

Egypt is situated in a sub-tropical region with a dry climate, long hot summers and mild winters where the temperature rarely falls below 40F, meaning year round rental potential.

Economic Growth And Stability
We all know that the strength of a countries economy will always have an effect on the attractiveness of property investment.

Tourism is still and will probably always be an important part of the Egyptian economy, employing more than a tenth of the population and generating foreign revenues into the country. Tourism is one of the biggest contributors to Egypt’s economy, with the World Travel and Tourism Council stating that it generates $18.2 billion, equivalent to 16.3% of GDP.

The Ministry of Tourism reported that foreign tourists totalled around 12.8 million in 2008, increasing 15% year-on-year.
It is predicted that Egypt will have over 17million tourists every year by the end of the decade.

The Sinai Peninsula is a particularly popular destination with tourists from across Europe, the US and the Middle East. With such a high amount of overseas visitors the demand for accommodation is also very high so therefore the potential for property investment is also strong.

So where is the best location to buy an Egypt property?

Well you might probably have guessed by now that we are confident that Sharm el Sheik which is situated on the Sinai Peninsula, is one of the most attractive destinations to invest in Egypt property.

Sharm is now a well-established resort with a wealth of attractions that appeal to a wide range of people. It is very popular with divers and water sport enthusiasts as nowhere in the world will you find coral walls and gardens more brilliantly abundant, waters more crystalline or underwater life more varied and plentiful.

Summary
Add these points to the fact that luxury property in Sharm El Sheikh is very affordable compared to other similar destinations and the fact that property owners are benefitting from both high capital appreciation as well as good consistent rental income then it easy to see why Sharm el Sheikh is one of the most desirable holiday property and investment destinations in the world.

Despite the global downturn, it seems that Egypt is still one of the most sought-after holiday destinations with a 13% rise in the amount of British visitors according to up-to-date statistics from the ONS’s International Passenger Survey.

Looking at British passenger numbers to the same time in 2009, the UK Office for National Statistics revealed substantial growth in the number of all-inclusive holidays to Egypt booked by Britons.

The Red Sea destinations of Sharm el Sheikh and Hurghada are as popular as ever but according to leading holiday rental site, HomeAway Holiday-Rentals, it is the area just north of Hurghada, El Gouna, which is shining as the Egyptian holiday hotspot with a 92% increase in booking enquiries so far this year compared to the same time last year.

Steven Worboys, Managing Director of Egypt property experts, Experience International, remarks,

“El Gouna is a very nice, burgeoning resort on the Red Sea coast offering an unrivalled lifestyle. With 10km of picturesque sandy beaches, warm lagoons, islands, and yearlong sunshine, it really is the perfect holiday location.”

El Gouna’s attractiveness as an exclusive tourism resort is reflected in the large demand for El Gouna property rentals. According to HomeAway Holiday-Rentals data, the weekly average rate for a 2 bedroom property in El Gouna is

Sharm el Sheikh is situated in a privileged place right on the Sinai Peninsula of Egypt and is the biggest and most important city of Sinai. The destination has always been an important place as some say that it is the meeting point between Africa & Asia and the cradle of great civilizations.

Because of this fact Sharm el Sheikh is very rich in history and culture and nowadays also offers all the luxury and qualities you would expect from a world class touristic resort.

This sophisticated city well known for its fantastic diving and snorkelling; and excellent dry climate with sunshine all year long has rapidly become the place to vacation.

Many people from all corners of the globe travel to Sharm and enjoy a variety of pursuits and leisure activities including of course sun, sea, and sand as well as luxurious living and premium lifestyle experiences including of course Golf

Golf lovers will be happy as Golf has been played in Egypt for over 100 years and in the last 10 years there has been an increase in popularity that has made the Sinai and Red Sea Coast an exceptional golf destination. Egypt has many beautiful 18 hole golf courses.

Some of Sharm El Sheikhs other appeals including warm deep-blue seas and first-class diving, excellent beaches, quad biking in the desert, equestrian pursuits, ice skating and a national park as well as world class shopping, dining, & nightlife.

Cuisine is varied and delicious in Egypt. There is a range of different delicacies including traditional and international cuisine. On the streets there is a variety of different food booths selling different traditional pieces, we totally recommend you seek and explore the many tasty delicacies on offer in Sharm El Sheikh.

Easily Accessible
Sharm el Sheikh is very accessible with direct flights from many European destinations with Flying time from the UK and Northern Europe is approximately five hrs.

The year long sunshine and year on year growing influx of visitors to Sharm mean it is very realistic for Sharm el Sheikh property owners to benefit from year round rental income when they are not enjoying the properties themselves.

For these reasons and many more the region is drawing over 1 million visitors annually which in turn is creating a very positive impact on the Egypt property market especially Sharm which is emerging as one of the most popular second property locations on the planet.

Many resorts including the new luxury Viva Reef resort are now being built in the area to help satisfy the demand for good accommodation.

Viva Reef
Viva Reef is situated at the most southerly tip of the Sinai Peninsula between the Sinai Desert and the warm inviting waters of the Red Sea, Egypt.

Viva Reef is one of the latest developments in the Nabq area of Sharm El Sheikh, situated opposite the new golf course. This touristic complex offers affordable luxury apartments with special launch discounts.

All in all property in Sharm el Sheikh offers an exciting and desirable option for many property investors seeking both great financial gains along side enjoyment from the properties they are purchasing.