Egypt has long been a traveller’s destination with its splendid locales, culture and history. Now with great encouraging economic trends, the property market has started to look up all the more. With the government making the investment climate easier and a booming economy in Egypt, the attraction of purchasing property is even greater.

There is currently a great spurt of economic activity in Hurghada real estate. In fact the sudden interest in the Hurghada real estate has been due to the booming tourism industry. The Hurghada real estate business has become extremely lucrative for non-citizens and the overseas investors as well.  With streamlining of the laws pertaining to the real estate, the overseas investors are showing a keen interest.

Of course there is no VAT, inheritance tax or even capital gains tax that is charged on the buying or the selling of all real estate including Hurghada real estate in Egypt.  Here are some of the main factors that should be further considered if you are thinking of investing in Hurghada real estate.

 The property prices for the Hurghada real estate are still quite low as compared with property prices in other countries. They have shown an appreciation of at least 20-30% each year. This makes it extremely favourable for the investors when they wish to sell off the properties.

What’s more even with the appreciation in the property prices, there has been a steady growth in the tourist influx in the country and this means that there are more properties in Hurghada real estate that are coming up as well. In fact the tourist season lasts through the year as compared to some countries, which have a specific tourist season.  Moreover Egypt is one of the most politically stable countries in this region. Many of the countries in this region are racked by political and terrorist problems. The government of Egypt is extremely stable and there is domestic as well as economic stability throughout the country. This augurs well for those that wish to make an investment.

Other factors that help the investors is it’s close proximity to the European continent. At the most it requires only a 5-hour flight journey from the UK. The cost of living in Egypt is also very low. For this reason, your money can buy you certain luxuries that would be unthinkable in your home country as well. The languages that are spoken and understood well are English as well as German after Arabic.

For buying and selling Hurghada real estate, you can also be a foreign national. You don’t even need to maintain an Egyptian bank account, however it makes the transfer of money simpler. After purchase of Hurghada real estate, if you wish to rent out the property, there are a number of companies that can help you with the same. When you are purchasing properties that have completed, the process of acquiring Hurghada real estate can take a very short period of approximately 1-2 months giving you absolute ownership over the property.