Egypt 'offering outstanding diving'

Article Date : 31 December 2009

Those looking for an expat lifestyle that includes regular watersports may be among Britons keen to invest in Egypt.

Marketing and membership manager at the British Sub-Aqua Club Alison Dando said the Red Sea is a particularly popular destination for UK citizens.

She added that for people diving there "you are on beautiful aqua marine coral reefs with fantastic marine life", noting this includes sharks and turtles.

Moreover, Ms Dando commented, this area of the north African country is easily accessible from Britain, being less than five hours' flying time away.

Buyers keen to invest in the Mediterranean Coast may look to resorts such as Sharm-el Sheikh and Hurghada.

Investors in Egyptian property might also be looking to keep an eye on exchange rates with sterling to ensure they can get a cheap bargain in comparison with the eurozone.

The latest event that could influence this saw Egypt's central bank decide to hold interest rates last week.

Tags:

Britain, central bank, Egypt, Mediterranean coast, Red Sea, United Kingdom

Egypt 'offering outstanding diving'

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