The year long sunshine ensures Egyptian properties provide big profits for people investing in a home abroad.
Egypt also of course offers 7,000 years of culture, a wonders of the world and a rolling, veritabe biblical landscape, with most of us aware of the stories of the Pharaohs and Moses.
The diverse country also offers modern towns and world class diving, as well as a reasonable £300 return flight from England.
Property is cheap; £30,000 buys a two-bedroom, furnished, 1,000-square foot apartment on the Red Sea .
The property investment company, Pyramisa Egypt, considers the property market in Egypt will strengthen substantially in the next five years. The company will be exhibiting at the The Homebuyer Show, Friday 17 - Sunday 19 March, ExCeL centre in London’s Docklands.
Moreover, tourist figures are up. Tourists are up a third on 2004 levels to 345,000.
Red Sea resorts have proven particularly popular destinations in Egypt for tourists and property investors; Sharm El Sheikh being the main one.
This Red Sea town on the beach has its own airport, modern hospital, as well as the standard bars, hotels, bars, shops, and restaurants .
You can actually purchase a two bedroomed eco lodge for £30,000.
So it looks like Egypt mania has struck us Brits.
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Egyptian Property in Big Demand Thu, 02 Mar 2006
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