Why Are the British Purchasing Property In Hurghada?
Distance is a factor.
From the mid 2, 000’s onwards, British people begun to look elsewhere for holidays which could offer them better affordable dịch vụ làm bằng with guaranteed sunshine, yet not considered long haul.
Hurghada is called mid-haul within the Airline industry being just a six hour flight from the UK and most of The southern area of Europe.
The shorter flying time compared to some long haul destinations is a major aspect in why many Europeans choose to come here, with an Airport very close to all major areas in Hurghada, it means a short transfer time between the airport to hotels and houses. Another great reason to consider purchasing property in Hurghada.
The climate is another reason why people are choosing to purchase properties in Hurghada with an all year around inviting climate and temperatures even in winter rarely dropping below 15c (at night), it seems a natural choice for tourists and long term residents alike.
Even in the hottest month of Come early july when temperatures can reach often 45-50degrees, the air flow off the beautiful Red Sea is a welcome factor.
What to do
The option of activities is abundant in Hurghada as it is prepared for tourists of all tastes. Along with the tourists, it attracts long term visitors which helps the Housing market in selling more properties in Hurghada.
Whether you are interested in sun, sea and relaxation and wish to hang out on one of the many soft clean white remote shorelines, or adventures such as diving or knee boarding in the wonderful coral reefs of the Red Sea, desert adventures such as camel safaris, quad riding and sand surfing.
The choices are endless. More reason to be here and consider buying that fabulous property in Hurghada.
Along with this are several main areas such as Sheraton Road region of Sakala and the lovely Viewpoint at Mamsha where there is unlimited shopping, dining, coffee shops, night life and more.
May central Port and Marina where many tourists and locals alike hang out walking, relaxing and getting together over dinner or coffee in the many outlets offering a wide range of cuisines at very inexpensive prices. Therefore wherever you determine to buy your property in Hurghada, you are very close to all major attractions.
Since nov Us president Hosni Mubarak in 2011, and the continuing unsettled situation that resulted in the expelling of Us president Mohamed Morsi, it is fair to say that many outsiders were reluctant to journey to Hurghada and several The european countries terminated routes.
However, the unrest haven’t handled the Red Sea resorts and routes to and from Europe have resumed as normal. British and Europeans are still purchasing properties in Hurghada.
The current situation (March 2014) in Egypt is far more settled with new elections pending and Egyptians very focused on improving their country and economy. The costa rica government is continually looking to increase the purchasing of foreign investment in purchasing properties in Hurghada.
Since the crash of the Spanish Housing market back in the 1990’s, many British have been looking elsewhere to invest their money overseas.
The Spanish situation was problematic due to dishonest landlords and councils not being in advance and honest about land protection under the law and purchasing legal guidelines. Therefore, many British lost properties and money invested due to reclaimed land.
Elsewhere in Europe, other countries had also increased prices on property purchases due to the introduction of the Euro currency whereas in comparison, prices on properties in Hurghada are extremely competitive.
In Hurghada(and all of Egypt), the currency is still their own, known as the Silk Pound. It is a fact that countries still operating in their own stock markets are better affordable, both on vacation spending and purchasing properties.
How easy is it to purchase Property in Hurghada?
The good news is, that the procedures here regarding purchasing property Hurghada are very simple. The costa rica government is encouraging many outsiders to invest here, so it will be in their best interest to make it simple, quick, and honest.
It is essential to employ a good Silk lawyer to handle every piece of information from the Silk side as a British (European) Lawyer cannot do all the paperwork from abroad.
Land protection under the law here are much more definite and secure, with protection under the law to freehold property fully granted to the buyer on full payment of property in Hurghada.
Buyers are often required to pay a deposit on a purchase, which when considering the very reasonable prices on properties in Hurghada, is minimal.
Your broker or owner will give you all the information in writing for the re-payment plan. Cash payments are the convention here, however this is to your benefit as it translates to a discount on the price.