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Guide to buying property in Egypt
Posted: Wed 28 March, 2007
Egypt Information
Egypt has a mystical and timeless appeal that has been attracting travellers from far and wide for many centuries. From the fascinating sights of the Pharaohs, on the banks of the Nile at Luxor, to the glorious beaches of the Red Sea at Sharm El Sheikh, this is a land of great contrast, where ancient and modern life exist side by side. Past civilisations have left an indelible impression on the landscape creating what today must rank as one of the most spectacular sightseeing destinations in the world. Egypt has clear skies and bright sunshine all year round. English is the most widely spoken language after Arabic. The country offers nature and desert treks, great scuba diving and even golf, fishing and birding expeditions.
Hurghada
The town of Hurghada, known as Al- Ghardaka in Arabic was founded in the early 20th century as a fishing village, with over 40km of coastal resorts and spectacular beaches. The Red Sea Riviera has fast become a community of mixed nationalities and cultures. The permanent summer weather and leisure activities, including desert safaris, diving and golf, make this the most popular resort in Egypt. With its crystal clear water, untouched reefs and a multitude of ship-wrecks, Hurghada has become one of the most popular diving and snorkelling destinations in the world.
Nearby lie the stunning resorts of Sahl Hasheesh and El Gouna, both exclusive destinations offering residents and tourists fantastic views of the desert, mountains and natural lagoons. At the heart of the El Gouna Resort is the Abu Tig Marina, the most beautiful harbour on the Red Sea designed around the spectacular El Gouna Golf Club, an 18-hole, PGA professional golf course.
What is available?
• Apartments: 1-3 bedrooms
• Townhouses
• Villas
Design & Build Projects
If you want something to your own liking then we have a design and build service. We have our own Architects & Project managers and we can source plots of land. We can also show you previous projects which we have been involved in. Where?
• Hurghada
• Sahl Hasheesh
• Makadi Bay
• Marsa Alam
• Soon: Sharm el Sheikh
Why Buy a Property in Egypt?
The close proximity to the UK and Europe means that Egypt has massive potential for
the tourist market. This coupled with the year round sunshine on the Red Sea Riviera
means investors will have a year round profit.
The Egyptian government have slashed property related taxation to make the whole
process of owning real estate more affordable & less complicated.
· Inward foreign investment is at an all time high
· Increasing annual visitor intake
· Good relationships with Western governments
· High rental incomes from short term tourist lets
Quick Facts
Population: 78,887,007.
Language: Arabic - English and French are widely spoken.
Visas: A Visa is required by British & other EU nationals and costs £10(sterling)
However, if you are travelling to Hurghada, Sharm el Sheik or Tabar resorts you can stay for 14 days without a Visa. All travellers must have a passport valid for at least 6 months.
Currency: Egyptian Pounds each pound is divided into 100 piaster. LE is the symbol for the Egyptian pound.
£1 sterling = 10.75 Egyptian Pounds.
Borders: Israel 266km, Libya 1115km, Sudan 1273km, Gaza Strip 11km, Coastline 2450km.
Terrain: Vast desert plateau. Nile valley & delta.
Climate: Hot dry summers, moderate winters. The North coast including Cairo & the delta regions are influenced by the Mediterranean climate, further south its sub-tropical. Rainfall is minimal throughout the year.
Please note, that whilst we aim to ensure to the best of our ability that the information provided is correct, and up to date, no guarantees can be made to the correctness of the contents of this page. You should conduct your own independent research and consult qualified solicitors and accountants on specific matters.
