The real estate market in sharm El Sheikh in the Red Sea Riviera is just in its infancy and by getting in at the ground level with Brouj International you can enjoy many advantages.
Capital appreciation over the past 18 months on some properties has increased more than 50% in value with the average rate being around 15% year on year. Overseas real estate will always have a residual value and is a more stable investment than stocks and shares.
Everyone dreams of having a second home in the sun. Prices in EU countries and the cost of living there are now too high, making them not such an attractive investment. Whereas prices in certain areas outside the EU such as Sharm El Sheikh in the Red Sea Riviera can start from as little as 45,000 Euros ( approx 39,000 sterling) for 2 bedroom apartments.
With an increasing number of tourists visiting the Red Sea Riviera each year along with a sustained diving community, rents are likely to remain buoyant well into the future. Also the increasing influx of expatriates living in the region will also ensure the demand for rental accommodation remains high.
Sharm El Sheikh property prices should remain an excellent investment opportunity in the longer term, as the area is relatively un-known in real estate terms and the demand is rapidly increasing.
Egypt is a very tax-friendly environment. There is no capital gains tax or inheritance tax.
World class diving in warm waters over tropical coral reefs, wonderful hotels with some of the world’s favourite cuisines, golf courses and a wealth of ancient history & local culture make The Red Sea Riviera one the best places to own a home.
The climate in Sharm El Sheikh in the Red Sea Riviera is hot and dry, not humid, with year-round sunshine. Making it an excellent place to take a vacation or live permanently.
Great Resort living Sharm El Sheikh and the Red Sea Riviera’s popularity is increasing rapidly and with it comes very lively resort destinations with vibrant atmospheres, combined with excellent business opportunities making it a wonderful place for expatriates to live. Many wealthy business people, heads of state and Arabian Royalty also own property here.
Sharm El Sheikh in the Red Sea Riviera is easily accessible with direct flights now coming in from many major European destinations (Flying time from London is approx 5 hrs, and most of Europe between 3- 3.5hrs). And with the expansion of Sharm El Sheikh’s International Airport the economy is starting to boom. Other new developing resorts will continue to create a valuable real estate market.