Real Estate & Currency Exchange News in Egypt from Propertyshowrooms.com

Egypt 'offers non-eurozone advantages'

Thu, 28 Aug 2008 00:00:00 GMT

Those buying overseas property may be financially much better off by looking outside the eurozone, it has been suggested.

Egyptian property developer West Side Village has suggested that the north African country is a good example of how better value can be achieved, noting that at present the euro is trading at EUR1.26 per GBP1.

Sales and marketing director of the firm Stephen Smith said: "Investors would be wise to seek destinations outside the eurozone, where they will be more likely to afford quality investment properties in good locations, maximising their rental opportunities."

An example of what could be bought in Egypt was stated earlier this month by Aberdonian Mark Millson, who moved to the country from Scotland after becoming involved in a restaurant venture while on holiday.

He told the Sunday Mail the prices are "unbelievable", stating that the GBP92,000 his four-bedroom house in Hurghada cost would only buy a one-bedroom flat back in Aberdeen.

Britons seek good value in Egypt

Wed, 16 Jul 2008 00:00:00 GMT

Egypt is widely seen as a good value alternative to traditional holiday spots in Europe, it has been revealed.

Online travel agency Lastminute.com has seen a surge in the number of bookings to the north African country in the last few months, which it believes is partly due to the strong euro, reports Holiday Extras.

Indeed, the British pound is now at a record low against the single European currency, which means people from the UK are finding trips to places such as Italy more expensive.

As a result, the number of people booking trips to Egypt has gone up by 14 per cent in the last year, as it offers more favourable exchange rates with Britain.

John Bevan, managing director of Lastminute.com, remarked: "This summer our customers are going where their pound will take them further and where good bargains are to be had."

The resort of Sharm El Sheikh was recently named as one of this year's top ten tourism hotspots by Co-operative Travel.

Save money outside eurozone, tourists are told

Mon, 28 Apr 2008 00:00:00 GMT

British consumers have been advised to consider heading outside the eurozone for their summer holidays.

Holiday-Rentals stated that if leisure travellers visit countries which are not in the single European currency, they could get more for their money.

This is because the pound is currently at a record low against the euro, which is itself 17 per cent stronger than it was a year ago.

As a result, the cost of a trip to traditional holiday destinations such as France is likely to be relatively high.

Holiday-Rentals commented: "Travelling to western Europe will be at its most expensive this summer.

"It may be worth looking beyond the usual haunts and outside the eurozone."

North African countries including Egypt and Morocco were highlighted as potential options for holidaymakers, along with eastern European nations such as Croatia.

This comes after currency specialist Travelex stated that leisure travellers are becoming "increasingly savvy" with regards to financial fluctuations and taking them into account when booking trips abroad.