Egypt 'offers investment potential'

Egypt has been identified as a market that could have potential for property investment during 2009.

According to PropertyWire, the country offers a number of benefits to investors, with Steve Worboys of Experience International noting that annual gains of up to seven per cent over the next decade are being predicted by the World Travel and Tourism Council.

Mr Worboys also told the news source that the country has been identified as one of the ten most improved in the world by the Jones Lang LaSelle global Real Estate Transparency Index.

And Mr Worboys identified a location which could attract investment.

"Oasis Marina in Hurghada is located on its own private Red Sea beach and it boasts excellent facilities such as a range of swimming pools, a spa, diving and aqua centres and a children's club," he explained.

Property investors considering making a purchase at the development can expect to pay from GBP35,873 for an apartment.

Chief executive of property portal Homesgofast Nick Marr recently stated that Hurghada offers an "irresistible combination" of low prices and good air links.