Red Sea Real Estate in Soma Bay 2023

Hurghada City The city was founded in the early 20th century, and since the 1980s has been continually enlarged by Egyptian and foreign investors to become the leading seashore resort on the Red Sea. Holiday villages and hotels provide aquatic sport facilities for sailboarders, yachtsmen, scuba divers and snorkelers. Hurghada city is one of Egypt's most popular travelers destinations and it's quite easy to know why. Especially since there aren't too many other spots which provide the opportunity to experience the magic of the sea and the desert all at once. Investing in Hurghada grow quickly because Real Estate In Hurghada Egypt 2023 is a different from other city’s in Egypt Because many visitors from other countries like to buying properties in Hurghada Egypt for fun and sun !! also cheap real Estate In Hurghada Egypt encourage peoples from other countiris to find Luxury apartments for sale in Hurghada Egypt 2023 and all of the best real estate in Hurghada Egypt 2023 . Hurghada stretches for about 36 kilometres (22 miles) along the seashore, and it does not reach far into the surrounding desert. The resort is a destination for Egyptian tourists from Cairo, the Delta and Upper Egypt, as well as package holiday tourists from Europe, notably Italians, Russians, Czechs and Germans. Until a few years ago it was a small fishing village. Today Hurghada counts 248,000 inhabitants and is divided into three parts: Downtown (El Dahar) is the old part; Sakalla is the city center, and El Memsha (Village road) is the modern part. Sakkala is the relatively modest hotel quarter. Dahar is where the town's largest bazaar, the post office and the long-distance bus station are situated. The city is served by the Hurghada International Airport with scheduled passenger traffic to and from Cairo and direct connections with several cities in Europe. The airport has undergone massive renovations to accommodate rising traffic. Hurghada is known for its water sports activities, nightlife and warm weather. Daily temperature hovers round 30 degrees Celsius most of the year. Numerous Europeans spend their Christmas and New Year holidays in Hurghada, primarily Germans and Italians. Hurghada has become an international center for aquatic sports like windsurfing, kiting, sailing, deep-sea fishing, swimming, and above all snorkeling and diving. The offshore reefs are considered some of the finest in the world. The warm waters here are ideal for many varieties of fish and coral, which may also be observed from a glass bottom boat. The city provides a gateway to diving sites throughout the Red Sea, owing to its central location. In addition, Hurghada is known for providing access to many uninhabited offshore reefs and islands. Best Roads Company offering  Real Estate In Hurghada Soma Bay,hurghada real estate offers,red sea real estate,soma bay real estate,sea view apartment in soma bay,Soma bay hurghada real estate,Soma bay hurghada real estate offers , Best real estate project in soma bay ,apartments in soma bay for sale,studio for sale in soma bay,sea view flat in soma bay to sale,luxury apartments in soma bay hurghda,red sea soma bay real estate 2023,luxury flat for sale in soma bay 2023,red sea soma bay real estate offers www.bestroads.net  ,  Today, investors seek the stability and simplicity of the property market to gain good returns on investment. Under-performing stock markets are often proving more volatile than property and this is especially true for the non-professional as there are many external factors that can effect your financial investment. Did you know that 50% of the members of The Times Rich List made their money through investing in property? The benefit of buying specifically for investment purposes is the removal of emotion from your purchase while property is used purely as an investment vehicle. Investment property in Egypt offers many possibilities in the form of re-assignable off-plan contract options to sell at a substantial profit prior to completion, or "buy-to-let" situations to generate reliable rental income and eventually substantial capital appreciation. Prices on real estate: The prices are currently skyrocketing here, but still, they are far more attractive, when compared to other hot spots around Europe. Market prices have gone up +30 per cent every year throughout the past couple of years, which is good, if you make an investment now. So, to narrow it down, Hurghada represents a number of factors that make it very attractive for investors. Reasons why many find Hurghada property to their liking include: Red Sea reputation: This area is known worldwide as one of the best on the planet for diving. This ensures a steady tourist trade. Cost of living: The cost of living in Hurghada is very low. This makes the region not only attractive to holiday makers, but also expatriates and retirees wanting to soak up the sun. Affordable purchase prospects: Since the market is still in its beginning stages, property prices here are quite affordable. The growth potential, however, is quite high and most experts do not expect prices to remain low for long. Regional attractions: Egypt is a dream location for many. With its ancient sites and wondrous history, visitors to Hurghada find themselves with no shortage of things to do. Accessibility: With its own international airport and flights from the UK and Scandinavia taking only a few hours, this is a very attractive location. Freehold property: Unlike the leasehold market in Sharm El Sheikh, property in Hurghada is freehold. Centre of the Red Sea Riviera: The Red Sea Coast has been designated by the Egyptian government as a growth and investment zone, and Hurghada is a shining example of the growing tourism industry along the Red Sea. Currently the fastest growing tourist destination in Egypt The Fastest Growing Tourist Destination: The most sought after destinations for property in Egypt are the resorts of the Red Sea, or what is now called the Red Sea Riviera. What surprises many visitors to these shores is what a tropical paradise the Red Sea is, rivalling many areas in the Caribbean with its beautiful golden beaches, palm trees, mangroves and turquoise coasts fringed with barrier reefs. Future benefits: Excellent rental yields can be achieved. Meanwhile, the investors can still enjoy benefits of owning a beautiful holiday home (and using it whilst the property is unoccupied) and watch its value increase at a steady pace. Investment return: Off-plan investments can offer buyers an ability to achieve returns of between 10-100% in just 24 months. www.bestroads.net

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