Hurghada, Egypt - Property For Sale - Newly Constructed Houses with Private Swimming Pools

Hurghada, Red Sea, Egypt - where the sun shines all day every day, occupies an unrivalled position on the sandy shores of Egypt’s famous Red Sea, with the mountains of the Eastern Desert forming a backdrop to the west. In just two decades it has grown from being a modest little fishing village into one of the fastest growing holiday destinations in the world. It is now home to over 40 thousand people, most of whom work in one of the many service industries catering to the one million plus sun-seekers and the diving enthusiasts who visit the area each year. With plenty of land for further growth, miles of uninhabited seashore, a modern international airport and a stable democratic government it presents itself as an area ripe for continued investment.

Perfect weather, crystal clear calm waters and fascinating coral reefs supporting a unique range of sea-life have made Hurghada, or Al Ghardaka as the Egyptians call it, Egypt’s most important and popular diving centre. In world terms it is now vying with diving centres such as the Great Barrier Reef, and rates as the world’s third most favoured diving destination. Hurghada is not just about diving however.

Hurghada is a vibrant and colourful city made up of three distinct areas. Al Dahar to the north is the old city in which most of the original inhabitants live. Here you will experience an abundance of colourful bazaars, markets and street vendors. Adjoining Al Dakar to the south is the area known as Sakala. This is the newer part of the city that has been built up in recent years to cater to the growing tourist trade. Here there is a heady mix of the old and the new. Modern shops, offices, banks, clinics, cafes, restaurants and discos sit comfortably with the hustle and bustle of yet more bazaars, markets and small businesses, all competing with each other to make this part of the city a truly unique venue for visitors.

Finally there are the beaches. Mile after mile of gloriously clean sand along which are dotted a wealth of dive centres, beach clubs, hotels and other facilities for the visitors who flock here all year round to take advantage of the warm, dry climate. There are a number of public beaches, but the majority of visitors to the area prefer to become a member of one of the many excellent beach clubs that offer five star facilities at very modest prices. Every international hotel chain has at least one hotel in the area, and most offer day passes to their pool and beach facilities for as little as £1 sterling per person per day.

THE PROPERTIES ON OFFER

The properties are being built in Magawish, a high-class residential suburb some 2 to 3 kilometres south along the seafront from the Sakala area of Hurghada. They are roughly 500 meters from the sea and have open outlooks over the desert to the distant mountains. They are being built on the same side of the city as the Hurghada International Airport, which is just six minutes away by taxi. The airport has direct links to London and Manchester, Birmingham and Bristol as well as to other Egyptian and European cities.

The five linked properties, each with its own swimming pool, are being privately built by a consortium of one Egyptian and two English developers. At least one of the developers will retain one of the properties for his own personal use.

The developers view the properties as being a first-class opportunity for investors in a rising property market. Although they are ideal for the top-end of the rentals market, they are not being built to a limited budget as is often the case with rental properties. All five properties are being built to exacting standards, and will provide an extremely comfortable up-market living environment for anyone wishing to stay for long periods in Hurghada. They will be ready to move into on completion of the legal formalities, even down to bed linen and the last teaspoon.

The properties are being sold on a first come – first served basis, with the last property to sell being built and furnished to the same high standard as the first. The only advantage to early buyers is that they will have a choice of properties, whereas the last buyer will not.

Each property is built on three levels. The floor area of each level is a huge 101 square meters, which translates to just over 1,000 square feet. On the first level there is a kitchen and utility room, dining area, lounge area, cloakroom and raised outside terrace. On the second level there are three large bedrooms and two bathrooms. The third and final level is a roof garden with another substantial room that could be used as an outdoor living area with views to the sea, or as a further double bedroom offering the opportunity to sleep under the stars during the warm summer nights.

WHAT YOU GET FOR YOUR MONEY

All five properties will be attractively priced, with current prices in Hurghada being well below a half of what one would expect to pay in the U K or other major countries of Europe. As well as the fully finished property the price includes a private swimming pool, pool furniture, paving, garden walls, decorating, quality furniture and fittings to include all white goods, soft furnishings, crockery, linen and floor rugs. Carpets are not fitted, but each property is tiled throughout with quality floor tiling.

Electricity is supplied and, as is normal in Egypt, water is by way of a communal storage tank. Sewage is also by way of a communal septic tank serving all five properties.

LIVING OR HOLIDAYING IN EGYPT

Although Egypt is a vast country over 90% of the population live on less than 6% of the land. This means that most of the country is uninhabited, with centres of population restricted to the banks of the River Nile or the coastal areas. The major towns in these populated areas are easily reached via regular air service or by excellent coach services. Coach services in particular are very cheap, with a return journey in a luxury air conditioned coach from Hurghada to Cairo, to see the pyramids or visit the fabulous Cairo Museum, costing less than £12 sterling, or 18 Euros per person.

Hurghada itself compares very favourably with any coastal holiday resort in places such as the Costa del Sol in Spain or Florida in the United States of America, with the one notable exception being the exceptionally low cost of living. Other advantages are long hours of sun all year round, beautiful beaches, clean streets, international shops and shopping malls, quality hotels, a wide variety of outdoor activities and water sports, excellent medical facilities and good food. The most important asset of all perhaps is the warmth and friendliness of the local people, most of whom are able to converse in English, who go out of their way to make visitors to their city feel very welcome indeed. Little wonder that Egypt, and Hurghada in particular, is fast becoming one of Europe and the World’s most popular holiday destinations.

If ever there was a right time and place to invest in overseas property…..that place is Hurghada….. and the time is now!

GUIDE PRICE - 125,000 Euros