Egypt continues to thrive as a preferred emerging real estate investment market, having continuously attracted growing numbers of buyers since the introduction of the mortgage market in 2001. Europeans are amongst the largest group of property investors to Egypt’s Red Sea Riviera, assisted by budget priced, direct mid-haul flights from many major European cities.

Italians, Russians and Germans are amongst the largest groups of holiday makers to the Red Sea Riviera, where some of the best diving opportunities can be found. The Red Sea coast has been developing extensively over the past decade to create an attractive resort destination, benefitting real estate investors to this ideal emerging property market.

The investment attraction of Egypt’s real estate market has grown extensively, assisted by the booming tourism market. Bargain priced properties constructed to European standards have been attracting buyers, often with guaranteed rental yields in new developments, catering to the steadily growing tourism market. (more…)