Thursday October 1, 2020

Egypt begins to entice adventurous investors

Egypt is not often discussed as a property investment option, but the coastal regions along the Red Sea are currently being developed, and the region near to Hurghada is emerging as a popular place to buy second homes and investments.

7th October, 2006

A long, narrow, deep valley of water separating the continents of Asia and Africa, the Red Sea is known for its beautiful reefs and coral formations. Its coastline attracts thousands of tourists keen to take advantage of its excellent diving and snorkelling conditions, and more recently it has also begun attracting property developers.

The Egyptian government has made recent changes to property ownership legislation which has opened the market to foreign investors and had a...

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