New airport terminal will boost Egyptian property

The Red Sea resort of Hurghada in Egypt will benefit from a new terminal being built at its international airport.

The news is sure to please investors in the area who could capitalise on an increase in tourism to the region.

It is believed that the new terminal will help to boost tourism numbers in the region from 6.7 million to 7.5 million.

Steven Worboys, managing director of international property experts Experience International, said that the announcement was encouraging news for property owners.

He believes that they will be able to enjoy easier access to their homes, as well as benefitting from any additional rental income the terminal will generate.

"Interest in the Hurghada area as a location for a second property ownership has been strong, especially as the region has developed into an established tourism destination in recent years," he commented.

Potential investors will also be able to take advantage of Egypt's favourable exchange rate, with the GBP currently performing well against the Egyptian pound.

Hurghada is known for its watersports activities, nightlife and warm weather.

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