The Regency Beach Resort Hurghada Price From: £38,676 Region: Hurghada Red Sea • Beach front position • Sea Views • Rooftop Solariums	Marlion Residence Price From: £29,700 Region: Hurghada • 10% Rental Guarantee for 10 years • Beach Front • Full Furnished	Pyramids Beach - Hurghada Price From: £17,733 Region: Hurghada • Pre Release • 150 Metres from beach • Top finishes
West Side Village Hurghada Price From: £24,939 Region: Hurghada Red Sea • Access to private beach • Fantastic central location • 3 swimming pools & health centre	Pyramisa Beach Resort Sahl Hasheesh Price From: £43,945 Region: Sahl Hasheesh Hurghada • 7% Guaranteed Rental • 5* Resort with full amenities • Fully furnished	Lotus Breeze Price From: £26,460 Region: Hurghada • Gated development • Low Entry • Modern development
Veranda - Sahl Hasheesh Price From: £37,800 Region: Sahl Hasheesh - Hurghada • Apartments & Detached Villas • Spectacular Views • On-site Spa	Abrim Residence - Samra Bay Price From: €60,000 Region: Hurghada • Front Line Beach • Sea Views • Funds held in Escrow	Ocean Breeze, Sahl Hasheesh Price From: 109,369 Euros Region: Sahl Hasheesh, Hurghada • Close to Serrenia Marina • Beach and Sea Views • Front-line position
Golden Park Price From: £32,436 Region: Hurghada • 5 Year x 7% Guaranted Rental • 90% Finance available • 5 Star resort	Pyramisa Beach Resort Sharm el Sheikh Price From: £45,590 Region: Sharm el Sheikh • 7% Life time rental guarantee • Guaranteed buyback after 10 years • Fully managed by Pyramisa Hotels	Sunset Pearl, Sahl Hasheesh Price From: £53,000 Region: Sahl Hasheesh, Hurghada • Hilltop Location • Sea views • Free legal completion
Red Sea Pearl - Sahl Hasheesh Price From: €75,950 Region: Sahl Hasheesh, Hurghada • Unique opportunity in Egypt • Luxury Properties • View of Red Sea	The Egyptian Pearl Price From: £20,900 Region: Hurghada • Only 53 Units • Very Exclusive - Modern facade • Special offers in place exclusive to GEM

Egypt

Egypt is a surprisingly large country, ranked 30th in the world, twice the size of France and four times the size of the UK, yet because of the arid nature of the landscape, only about 5.5% of the surface area is populated and concentrated along the Nile Valley and Delta – Egypt’s lifeblood - in cities such as Cairo and Alexandria.

Egypt could be labelled as the oldest tourism destination in the world. The inventor of the package tour, Mr Thomas Cook, was taking parties up and down the Nile from as early as the 1860s and today millions of people every year follow in their footsteps and take themselves and their cameras to marvel at the pyramids and the monuments of ancient Luxor. However, alongside these amazing man-made structures are the natural wonders of the eastern and western deserts, Sinai and the Red Sea which protects fantastic coral reefs in its warm waters. This is a major factor that makes property Egypt so appealing.

GEM Estates has homed in on property in Egypt and the Red Sea resort of Hurghada with it's new super resort known as Sahl Hasheesh.  Hurghada provides the perfect blend of ingredients for a beach holiday plus the added value of golf and diving, two of the world’s fastest growing sports, ideal conditions for property in Egypt speculation. The crystal clear waters of the Red Sea with spectacular coral reefs teem with marine life all underneath warm sunny skies. Famously, the Red Sea was Jacques Cousteau’s favourite underwater playground. A stay in ‘modern’ Egypt does not however mean that ‘ancient’ Egypt has to be forgotten. Property EgyptFrom Red Sea resorts such as Hurghada and Sahl Hasheesh it is possible to sample Luxor or indeed Cairo, by way of an organised coach trip returning within a day.

Competing with Eilat (Israel) and Dubai (UAE), property in Egypt and the Red Sea resorts often win out as they are affordable, hospitable and medium-haul as opposed to long-haul, for northern European travellers. As a result, homes within purpose-built resorts such as Sahl Hasheesh are springing up alongside luxurious hotels at an impressive rate; the stage is set for ‘the next big thing’.

WHY INVEST IN PROPERTY EGYPT?

PROPERTY EGYPT - CLIMATE *****

Egypt has a desert climate, with hot days and cooler nights and the sun shines all year round. There are just two seasons: a hot, dry summer from May to October and a slightly cooler winter from November to April. On the Red Sea coastline, minimum winter temperatures are around 24°C, (‘winter’ suddenly seems to be an inappropriate word) and maximum summer temperatures can hit the early 40s °C, but extremely hot days are made more than bearable by the prevailing northern winds. Five stars as the only packing essentials are sun cream and a hat, regardless of the time of year. The fact that Egypt has this amazing climate make purchasing a property Egypt an excellent investment for all year round rentals.

PROPERTY EGYPT - ACCESSIBILITY *****

When considering purchasing a property Egypt you have to consider accessibility, but due to its longevity as a holiday destination, this Middle Eastern country is well served by air from most of northern Europe. Egypt can be reached by direct flight from the UK within five hours and many carriers including British Airways, Thomson Fly and Excel Airways fly direct to Hurghada, home to the Sahl Hasheesh development, a resort that GEM Estates has tipped for future success. Jet lag needn’t ever be a concern when owning a property in Egypt as Egypt sits just two hours ahead of GMT. Five stars – winter sun in just five hours by direct flight.

PROPERTY EGYPT - ECONOMY *****

Egypt has one of Africa’s most prosperous economies and is fortunate to have tourism, oil and gas to its advantage. Tourism is Egypt’s largest money-earner, followed by tolls on the Suez Canal, and then exports of oil, petroleum products, textiles and natural gas. The country is classified as middleincome and continues to record economic growth. In its annual report, the IMF has rated Egypt as one of the top countries in the world undertaking economic reforms which is an important factor when considering a property in Egypt. Egypt has been a republic since 1953 and President Mubarak has been in place since 1981 and is now serving his fifth term in office (last voted in in 2005). He is the leader of the ruling National Democratic Party and his presence fosters stability. Five stars.

PROPERTY EGYPT - TOURISM *****

Statistics released by the Egyptian Tourist Authority (ETA) state that over one million Brits visited Egypt in 2006, a giant 23% increase over 2005. Brits make up the largest chunk of Egypt’s overseas visitors and not only have they increased in number but also by the length of stay. British tourists stayed for a total of 9.1 million nights in 2006, that’s 21% more nights than 2005. The ETA also confirmed that a record 9.81 million tourists in total had added 7.6 billion dollars to Egypt’s economy in 2006. Tourism Minister, Zoheir Garranah, has no plans to rest on his laurels and with the launch of a multimillion pound advertising campaign at the back end of 2006 entitled “The Gift of the Sun” he hopes to attract 16 million visitors annually by 2014. Egypt also has a brand new tourism logo and official website www. egypt.travel in six different languages. Garranah vows to improve service and educate bazaar merchants in being ‘less
pushy’ via a Tourism Awareness Project for the Egyptian people beginning with print and TV advertising campaigns bearing the slogan “Tourism Benefits Everyone”. The tourism market is now making a distinct shift towards the ‘high end’ with the Red Sea resorts taking centre stage. Purpose built resorts such as Sahl Hasheesh will only add to the tourism appeal.

PROPERTY EGYPT - MARKET ****

The property market is in its early stages and set for a period of prolonged growth. Capital growth is difficult to assess due to the infancy of the market although 25% is predicted for 2006 once figures are in. Sahl Hasheesh which boasts a Sir Norman Foster co-designed marina resort at the southern tip of Hurghada is selling property in egypt at ten times the price of neighbouring developments showing the high expectations for the Red Sea resorts. Foreign nationals are entitled to purchase and own property in Egypt with some minor restrictions on the number of units and square metre size. Property in Hurghada is freehold, unlike the predominantly leasehold market in Sharm El Sheikh. There is no capital gains tax payable on the sale of properties, and if you are a British citizen living in the UK then you’ll also avoid inheritance tax thanks to a reciprocal agreement. Four stars due to the infancy of the market.

FOR FURTHER INFORMATION ON BUYING PROPERTY IN EGYPT, CONTACT US BY CALLING (UK) 0800 036 0068   (EIRE) 1800 211 462   (INTERNATIONAL) +34 952 799 286. OUR PROPERTY EGYPT TEAM ARE HERE TO HELP.