This demand can be realistically projected based on the unique selling points it offers, namely;
– Year-round beach weather within reasonable distance to Europe
– High-end amenities at affordable holiday prices
– An attractive, exotic culture that includes access to sites such as Luxor.
Egypt's economies as well as property in Egypt are not expected to suffer economic decline during the global downturn, as its sources of revenue are from Middle Eastern banking systems and trade, a region widely predicted to withstand the external pressures that will influence the rest of the world's markets.
Get the best real estate for sale in Egypt you can visit here.
Image Source: Google
Egypt's policies have changed in recent years to favor more free-market orientated practices and to establish itself as an effective gateway to Europe for African trade, as well as an open, pro-Western Arab nation for business and investment.
This trend has led to the rise of a newly affluent class that will further drive the demand for real estate both in urban markets and in areas appropriate for holiday homes. The sustainability of the potential demand for waterfront Red Sea properties is in contrast to many emerging markets where the supply/demand ratio is largely based on speculation.
Few opportunities still exist anywhere in the world to purchase premium waterfront properties at baseline price levels, particularly within this proximity to Europe.
The road infrastructure in the area is well developed, a further bonus compared with other markets that require the patience of waiting for supporting infrastructure to catch up to the demands of high visitor numbers.
Currently, few obstacles to growth still place, and will soon be addressed; translating into a scenario wherein growth will happen very quickly and supply is not likely to keep pace with demand for Egypt property once the Red Sea Riviera is established as a mainstream holiday destination.