Egypt property

Egypt and Tourism

Egypt is part of the Mediterranean basin, the world’s top destination area, which attracts one out of every three tourists traveling the World. Egypt is a country that is singularly endowed for cultural tourism and offers a highly diverse set of destinations in this segment. It also has a variety of offers in other segments such as urban tourism, business tourism, meetings, cruises, as well as nature and sports tourism, to name but a few. For many years now, it has also consolidated a series of proposals aimed at the water sports and "sun and sea" markets, based on its rich and diverse natural heritage, which is ideal for such kind of products.

Egypt, as most emerging destinations in the Middle East, has experienced strong growth over the past years. In 1995, it received slightly more than 2.9 million tourist arrivals. Since that time, various events have threatened to derail its tourism development. However, they have not done so, causing only temporary slowdowns with recovery coming immediately after.

In 2004 Egypt registered over 8.1 million visitor arrivals, nearly 8 million of which corresponded to tourist arrivals. The annual growth rate over this period, 11 per cent, speaks for itself. The first four months of previous year.

Reasons to buy property in Egypt

Property prices in Egypt are much better value than in the UK and Europe in general. If you are considering buying property as an investment for holiday rentals, Egypt should be considered. Prices are already increasing in this emerging market. The cost of living is much lower than that of the UK - nearly everything in Egypt is cheaper.