Economic and political turbulences saw Egypt's real estate market first take a nose-dive, then descend into a maelstrom of erratic house prices that shot up one quarter only to plunge down the next. The residential market is still dominated by traditional tourist hot spots, such as the Red Sea Riviera resorts El Gouna, Hurghada and Sharm el Sheikh, and Luxor in the evocative Valley of the Kings and Queens.
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