Real Estate & Rental & Lettings News in Egypt from Propertyshowrooms.com

Luxury hotels 'a growing market in Egyptian property'

Sat, 24 Jul 2010 00:00:00 GMT

The upmarket hotel industry offers potential to investors in property in Egypt, according to a newspaper.

Rebecca Bundham of the National reported how property investors have been able to take advantage of the fact that tourism in Egypt is now on the up, having suffered during the recession.

Adviser Ayman Sami noted that as the euro strengthens against the Egyptian pound, more people are coming from the eurozone to holiday in the country.

Fuat Koroglu, general manager of the new Kempinski Nile Hotel, told the paper that the general demographic of visitors to Egypt is shifting and that more "high end" customers are coming over to join the traditional budget travellers.

He added that many hotel properties in Egypt cater for the upper end of the market but are in need of refurbishment due to their age.

The Egyptian tourist authority promotes activities such as Nile
cruises, diving and safari trips to those taking a holiday in the country.

Additionally, there is the chance to learn about Islamic and Coptic history and culture.

Eco-boost for Egyptian resort

Fri, 12 Feb 2010 00:00:00 GMT

Popular Egyptian resort Sharm el-Sheikh is putting eco-friendly plans at the forefront of its tourism scheme, it has been announced.

Overseas Property Professional has reported that the Egyptian government is trying to capitalise on the eco-tourism market, with more people planning their holidays in environmentally friendly destinations.

Individuals with property in the country may wish to hear that a total of USD238 million is being pledged to the resort, with the plan of becoming carbon-neutral by 2020.

Jeff Dickinson, managing director of property agent and developer Pioneer Property, told Overseas Property Professional that the move was representative of positive intentions by the government to the long-term future of the resort.

He continued: "As the awareness grows about the issue globally, more people will start to think about the how these things will affect them and the destination."

"In such a beautiful destination the environment is paramount to its success and should be well taken care for generations to come."

Sharm el-Sheikh is home to Little Buddha, a sushi restaurant, nightclub and bar credited as having the longest continuous bar in the Middle East.

Egypt to become more accessible for tourists

Wed, 10 Feb 2010 00:00:00 GMT

The northern shores of Egypt are to become more accessible this summer as Thomson Airways launches direct flights to the area.

In news which is likely to interest property owners in the area, the travel carrier is set to offer holidaymakers two additional flights a week from Manchester and Gatwick airports, beginning in May this year.

The new routes will take passengers directly to the Mediterranean coastal city of Marsa Matruh, which is famed for its sandy beaches and tranquil waters.

Khaled Ramy, director of the Egyptian State Tourist Office, said that the new flights are expected to make the country much more accessible for UK tourists.

Mr Ramy recommended Sharm El Sheikh, El Gouna and Sahl Hasheesh as popular destinations, describing the area as "a luxury destination".

Thomson Airways already announced earlier this year that it is increasing the number of flights it offers to Egypt from Durham Tees Valley airport.

Egypt in property intentions boost

Thu, 22 Oct 2009 00:00:00 GMT

The property market in Egypt has been given a boost by a poll suggesting that people on middle or higher incomes believe 2010 could be a good time to move into a new home.

Market research firm Synovate found that 21 per cent of such people in the domestic market are hoping to soon be living in a different house, something that could make the market very active.

In addition to this, 75 per cent said lower prices should make 2010 a good year to invest in Egyptian property.

Such a view may encourage overseas buyers, such as Britons thinking of purchasing in the country.

Egypt was recently identified as a good place in which to buy for the long term.

A report by international real estate firm Jones Lang LaSalle said Cairo was one of the best locations in the Middle East and north Africa region for such acquisitions.

UK tourists flock to Egypt

Wed, 9 Jul 2008 00:00:00 GMT

Overseas property investors could find themselves in line to benefit from growth in the Egyptian rental market.

According to Co-operative Travel, the north African country is becoming more and more popular with holidaymakers from the UK.

The organisation said this is partly because it offers much better value for money than many European nations, as exchange rates are more favourable.

As a result, people who visit Egypt will be able to get more for their money during their trip.

Co-operative Travel stated that Sharm El Sheikh is proving to be especially popular, as it is one of the top ten tourism hotspots for 2007.

The group added that the number of bookings for the Egyptian resort is 38 per cent up on last year.

This comes after Paul Collins of the BuyAssociation website revealed that the amount of interest in tourist property in Egypt is increasing all the time, particularly in areas such as Sharm El Sheikh.

Egyptian tourism set to boost rental demand

Wed, 14 May 2008 00:00:00 GMT

Rental accommodation in Egypt is set to be in strong demand this summer, it has emerged.

According to TUI Travel, the north African country is proving to be one of the most popular destinations for British holidaymakers this year.

The firm added that people's appetite for travelling abroad has not been negatively affected by the recent problems in the global economy, such as the credit crunch and increases in the cost of living.

Peter Long, chief executive of TUI, said trading conditions are "buoyant" and that sales are up on last year.

This suggests that some owners of rental accommodation in Egypt could be set to see increased demand for their services over the summer.

Mr Long commented: "We see no evidence of deteriorating consumer sentiment in our booking patterns, in the average holiday duration booked, average selling price or cancellation rates."

This comes after Cheapflights.co.uk revealed that consumer interest in the Egyptian resort of Sharm El Sheikh is currently 50 per cent higher than it was 12 months ago.

Egyptian tourist accommodation to be in demand

Wed, 30 Apr 2008 00:00:00 GMT

Owners of rental accommodation in Egypt could be set for a lucrative summer, new figures suggest.

Research by Cheapflights.co.uk shows that interest in the resort of Sharm El Sheikh is currently 50 per cent higher than it was 12 months ago.

The current weakness of the pound against the euro has been cited as one of the main reasons for this increase, as it has made many European countries expensive places to visit.

By contrast, exchange rates with Egypt are much more favourable, which means holidaymakers are able to get more for their money if they travel further afield.

Francesca Ecsery, general manager of Cheapflights.co.uk, commented: "The 50 per cent increase in interest shows that value for money is a key consideration for UK consumers."

The findings also mean that tourist accommodation in Egypt is likely to be in very high demand during the peak holiday season.

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.

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.

Egypt’s Sahl Hasheesh – World Class Luxury at a Snip

Wed, 20 Dec 2006 00:00:00 GMT

The International Property Investment Nework (IPIN) is well aware of the strong investment potential Egypt has to offer investors and we have been on the lookout for lucrative opportunities there to offer our members. Property in Egypt offers strong growth potential and the Sahl Hasheesh resort on the shores of the Red Sea has ticked all the right boxes in our strict investment criteria. We believe it will soon be a firm favourite amongst discerning property investors in Egypt.

The Red Sea coast is widely regarded as the world’s most glamorous new property hotspot and luxury projects are currently going up to supply a growing demand for upmarket activity holidays in the area. Sahl Hasheesh is due to be entirely completed by 2014, making this an exciting emerging market still in its earliest stages, and ripe for investment. In addition to its prime location on an immense 32 million square metres of land, a plethora of excellent purpose built facilities will await visitors, including spectacular marinas, three 18-hole golf courses, a commercial centre, five hotels, bars and restaurants, sports and leisure facilities, a 5 star clubhouse, to name but a few, adding to the great prestige and investment value this development is destined to attract. The Sahl Hasheesh resort also offers an abundance of both land and marine wildlife and is bordered by 12.5km of magnificently warm Red Sea waters.

Three ambitious projects are in progress at Sahl Hasheesh, which include a full range of luxury apartments and villas, all at today’s bargain Egyptian prices. When you consider typical growth last year was up to 25% in Egypt, it is understandable that investor interest is high.

Briefly, properties on offer are as follows:

Palm Beach Piazza is the only beach front complex of one and two bedroom apartments at Sahl Hasheesh. They come with a guaranteed rental option (at 5% per annum net for 2.5 years from completion) and prices start from only approximately €60,000. This project is already at completion stage.

Ocean Breeze apartments have 1, 2 or 3 bedrooms with generous terraces and a fully furnished purchase option. Ocean Breeze villas are 2, 3 or 4 bedroom properties and all have either garden, sea, pool, golf or mountain views. Apartment prices start at a reasonable €64,000 while villas, built on sites of 800m2 upwards start at €290,000. Ocean Breeze is due for completion in July 2008.

El Andalous apartments have one or two bedrooms with sea, pool or golf views and prices start at approximately €71,000, with completion in December 2007.

The nearest airport at Hurghada is only 4 hours flight time from the UK, ensuring essential ease of access to the resort. The Egyptian government has also invested some 180 million euros on infrastructures such as roads, water, electrics and other crucial modernisations.

Sahl Hasheesh is well on the way to becoming a successful 21st century holiday destination to suit the stringent requirements of today’s tourists and investors. The on-site hotels will of course be fittingly up market and are to include such names as Kempinski, Pasha, Alexander and the Old Palace. This is all good news for your property purchase in this location, while a ready foot flow of well heeled investors is sure to pass through the resort, bringing with it strong demand for property within a top location. You can find out more about Sahl Hasheesh from our IPIN experts.

Last but not least, watch out for our brand new Egypt section on the Propertyshowrooms.com website. Due to be released in the very near future, it is packed with valuable information about Egypt to guide you through your next property purchase.