Latest From Hurghada Property Market

Egypt provides visitors with year-round sun, a stunning wealth of history, world–class resorts and attractions such as cruising and diving. The country also has low stamp duty, death succession duty of 7 per cent and no capital gains tax payable on the sale of property. Egypt's economy grew by 6 per cent in 2006. The anticipated growth this year is 7 per cent. And all of this is accessible via a five-hour flight from the UK.

Given these features, it is perhaps unsurprising that Egypt's property market is booming. Last year over a million UK holidaymakers visited Egypt. This was a 25 per cent increase from 2005. The country is on course to welcome 16 million visitors from around the world by 2014.
Reflecting this increase in popularity, property prices in Egypt have surged and are now showing some of the highest appreciation values in the world. The average property price rose by 50 per cent in the last two years, according to the Egyptian tourism authority. Egypt also offers the potential for high returns on investment, with rental yields sometimes reaching 11 per cent, compared with a UK average of four to six per cent.

Despite this recent boom, current prices still reflect Egypt's status as a new player in the property market. A two-bedroom apartment in a popular tourist resort will cost on average about £37,000. However, prices aren't expected to remain at these levels for long. Approximately 2,000 properties were purchased by overseas buyers in 2006 and this figure is expected to double in 2007 and reach 10,000 by 2010, pushing prices up by as much as 20 per cent per annum for the next three years.
According to Jennette Bradbury, managing director of Egyptian Experience: "We expect the Egyptian property market to grow substantially in the next few years. After many years of economic reform the area is ripe for investment. With record levels of tourism, the property market in Egypt offers excellent investment returns, from both rental yields and property price rises."
An example of the type of property you can find are the Desert Pearl Beach Apartments, at Hurghada, on the Red Sea Riviera. The complex consists of 226 gated, European style terraced apartments with communal tropical gardens, pool bar and swimming pools.They are 400 metres from Hurghada's sandy beaches and the shopping district. The complex will provide year round services such as maintenance, gardening and laundry services. There will also be a Fully equipped gymnasium, games room and internet café/business centre. These studio, one, two and three-bedroom apartments are available from £17,600.

DIVING INFO FOR HURHADA, EGYPT, RED SEA

DIVING INFORMATION FOR HURGHADA, EGYPT

Number Of Dive Sites
Amazing choice of dive sites. (Over 30). Many sheltered. Most are within 30 minutes to an hour boat ride from the resort.
Diving Season
June – August
Visability
20 - 60 metres, 30 – 40 metres on average
Marine Life
Massive abundance of marine life. Has been described as the worlds most accessible tropical marine aquarium. Dolphins, tuna, groupers, clownfish, lionfish, jacks, turtles, dolphins, reef sharks, leopard sharks, eagle rays. For wreck divers, the world renowned Abu Nuhas is a must see.
Dive Skill
All levels from PADI open water, learners and beginners catered for.
Diving Schools
Yes - qualified by PADI, BSAC and CMAS
Equipment Hire
Equipment hire available.
Cost Of Diving
3 days diving approx £85 4 days diving approx £115 5 days diving approx £130 Prices are per person per day, including 2 dives per day, guide, use of tanks, weight belt and weights
Additional Dive Information
Liveaboard options available.

PEARL VISTA, Hurghada, Egypt

DETAILED INFORMATION

Pearl Vista Beach Apartments are only 150 metres away from pearl white, sandy beaches. Pearl Vista consists of 162 gated, European-styled terraced apartments with communal tropical gardens, swimming pools and pool bar. The complex will provide year-round services. These include maintenance, gardening and laundry services.

The ground floor will house private facilities including a fully-equipped gymnasium, games room and Internet cafe/business centre. Egypt is a land of ancient civilizations and monumental historical sites. Its history, that spans over 7,000 years, makes it one of the oldest vacation spots in the world. Early Greeks, Romans and others journeyed here for leisure and to marvel at the wonders of mankind’s earliest triumphs. A mystical land bustling with life, sound and visual beauty, Egypt is not just the place for visiting pyramids, monuments and temples, but also a country that offers the perfect climate with brilliant sunshine all year round.

The ancient Egyptians established a magnificent and enduring civilization whose achievements have captured the imagination of the world ever since. Egypt cannot forget its glorious past, which contrasts perfectly with all that modern Egypt has to offer - scuba diving in the Red Sea, fine sandy beaches, exclusive nightspots, romantic Nile cruises, 5-star accommodations and a varied and exotic cuisine — making this country a truly unique and fascinating place to visit. Known as one of the most beautiful places on earth, the Red Sea is a truly exotic and fascinating natural seascape environment. Its crystal blue surface and oasis of living creatures, reefs and coral formations make it one of the world’s most highly sought after diving locations. Hurghada provides a gateway to the Red Sea’s prime diving sites and is unique in offering access to many uninhabited offshore reefs and islands, allowing a myriad of opportunities for swimming, snorkelling, scuba and free diving.

The warm waters are ideal for many varieties of rare fish and coral reefs that may also be observed through glass-bottom boats or submarines. There are also many other excellent sport facilities enjoyed by visitors such as:

• Kite surfing

• Deep-sea fishing

• Windsurfing

• Swimming with dolphins

• Sailing • Jeep adventures

• Boat trips on the Red Sea at dusk A great investment opportunity by the shores of the Red Sea.

Coral Sea Pearl - Last few units £15,995.00

The Coral Sea Pearl Beach Apartments are only 500 metres away from Hurghada's pearl white sandy beaches and shopping district. Desert Pearl consists of 225 gated European style terraced apartments with communal tropical gardens, pool bar and swimming pools.

The complex will provide year round services, these are: maintenance, gardening, laundry service and business centre. The ground floor will house private facilities including a fully-equipped gymnasium, games room and internet café/business centre. A limited number of the following pre-launch properties at Coral Sea Pearl Beach Apartments are being offered at reduced prices starting from as low as £15,995.

Get one of these units as a foothold in this dynamic bustling resort.