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Tourism draws investors to Egypt

Date : (News Section: Egypt)

Tourism draws investors to Egypt

The popularity of Egypt as a holiday destination is having a positive effect on its housing market, an expert has revealed.

Paul Collins, property editor at BuyAssociation, said the amount of interest in tourist property in Egypt is increasing all the time.

He stated that the north African country is especially popular with sun-seekers who want a beach holiday, as well as fans of diving and golf.

This, he continued, has prompted many investors to buy a property in major tourist hotspots in an effort to cash in on its growing appeal.

Mr Collins commented: "Sharm El Sheikh is the top focus, and Hurghada is another place that is really popular."

He added that resorts including Dahab and El Guona, as well as places along Egypt's Mediterranean coastline, are also attracting strong interest from property investors.

Earlier this year, BuyAssociation predicted that Egypt would be one of 2008's main investment hotspots.



Article by +Peter Mindenhall on behalf of

Read More

  1. 13 November 2013 - Progressive taxation rejected in Egypt
  2. 28 October 2013 - Effects of Egyptian political crisis on property remain unclear
  3. 04 October 2013 - Residential Egyptian property to be investor 'bread and butter'
  4. 18 September 2013 - Egyptian real estate still capable of growth
  5. 05 August 2013 - Is Egypt running out of development land?

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