About Egypt
Property in Egypt is turning the heads of international property purchasers looking to buy into an exotic, historical and beautiful country with a warm climate and a booming tourist industry to match. Thanks to the Suez Canal, which links the Red Sea to the Mediterranean, Egypt has played a strategic role in the region for more than a century. Because of its large population, its influence on the Arab countries and its geographical location, Egypt is, moreover, an intermediary country.
Egypt has a dry climate. It is hot in the summer, with temperatures averaging between 80 and 90°F(27 - 32°C). Winters are warm, with temperatures averaging between 55 and 70°F(13 - 21°C). A steady wind from the northwest helps hold down the temperature near the coast.
The Egyptian property market along the red sea is really attractive to investors looking to acquire properties with great growth potencial. Investors have been benefiting from the country's increase in tourism traffic and also as a result of the Egyptian government's sweeping reforms designed specifically to attract foreign direct investment.
Egypt has been known as a destination guaranteed to give visitors hot weather and a myriad of ancient relics. The property market is also fuelled by the country's booming water-sports industry. Hurghada is also renowned as the world's premier diving site. Red Sea properties are by far the most popular amongst foreign house-hunters and this has been reflected in impressive price increases. The property market has performed extremely well last year, the Red Sea area has seen prices increase by over 25 per cent. Investors are attracted to value for money, low running costs, excellent transport links from Europe, superb climate, strong rental demand and high capital growth. With the demand for holidays on the Red Sea, the property market looks set to thrive.
Property prices here are good value for money. You can purchase a Red Sea beachfront apartment for as little as €55,000. Tourism continues to grow, and with a year-round climate the investment opportunity is excellent. With 6-7% expected rental yield-based on 40% occupancy Egypt offers an excellent combination of capital appreciation and rental income potential.
Flight time from Ireland: 6 hours
Major airports: Abu Simbel, Alexandria, Aswan, Borg el-Arab, Cairo International, Hurghada, Luxor, Sharm el-Sheikh
Population Growth in Egypt
Year | Population
2007 | 80,335,036
2006 | 78,887,007
2005 | 77,505,756
2004 | 76,117,421
2003 | 74,718,797
2002 | 70,712,345
2001 | 69,536,644
2000 | 68,359,979