Hurghada is a city found in Egypt and considered to be a center of tourism near the Red Sea.  Hurghada was founded in the early 20th century, and it has been continually enlarged and developed since the 1980s.  Hurghada was actually just a small fishing village.  However, thanks to the development and improvement of the trading and tourism in the city, it is now considered to be one of the most developed seashore resorts in this area of the world.  Thanks to the efforts of the Egyptian locals and other foreign investors, this city has become the leading and busiest seashore resort on the Red Sea. 

There are actually a lot of hotels, resorts and holiday villages that provide exciting sport facilities for water lovers such as snorkeling, scuba diving and sail boarding.  Yachtsmen will also enjoy Hurghada as it is a perfect venue for yachting.  Aside from exciting water sports, Hurghada is also visited by a lot of tourists for the different kinds of nightlife that is combined with sultry and embracing warm weather.  The average daily temperature of the city is 30 degrees Celsius.

Egyptians and Foreigners alike are flocking into the property market of Egypt. The country’s growing economy is fueling the real estate market. New oil money is at a surplus, causing a drop in the Egyptian Pound (L.E.). This in effect has made the Egyptian property market lucrative for Britons. In the last few years, prices have increased by as much as 50%, spelling ample profit for potential investors.

The Cement and Steel Dilemma

Building costs in Egypt have sky rocketed by 27%, beginning January of 2008. This sudden increase is caused by the upsurge of steel rebar and cement values. Lately, steel is selling for 5,300 L.E.’s per tonne compared to last year’s 3,900 L.E. Last December, cement sold for 380 L.E. per tonne, today it is being marketed for 500 L.E.

Imagine your self lounging under the sun in a glistening beach, or puffing a sisha near an exotic café, and maybe taking a journey towards the Egyptian desert to discover buried historical treasures, or simply marveling at the magnificence of the Pyramids.

British and European investors now have a reason to throw a fete, the Egyptian property market is buzzing with resort constructions, affordable apartments and vacation homes. At Zafarna Egypt, a new five star resort is being built. In the 80 km stretch of Hurghada beach line, 24 developments are currently in progress.