9th May 2008
The "property boom" being witnessed in Egypt’s Red Sea Riviera area "is a full blown reality", it has been suggested, which may encourage foreign investors to find overseas property there.

According to Easier, the north African country offers a number of attractions to tourists and people who want to buy investment property.

In an analysis of what the country has to offer, the website hinted that beachfront property can be found for "less than the price of a quality car".

Meanwhile, the first retail mall is set to be created in Hurghada - a sure sign that a region is benefiting from high levels of tourism and consumerism.

Additionally, food retailers - such as Metro - are apparently expanding into other regions across the country.

Last month, Gulf Weekly reported some of the main reasons why overseas property investors are now showing interest in Egypt.

A fast-growing tourism sector and "low and affordable property prices" were said to be contributing factors to the nation's popularity as an investment hotspot.

Are you looking to invest in a property in Egypt? Simpli Group Property has a selection of properties that will make you a great return on investment. Speak to the Property experts at Simpligroup Property



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