Egypt Tourism Revenue And Property Market Stronger Than Ever

by EgyptTripAdviser on July 13, 2010


Egypt may indeed border the Mediterranean Sea, Ministers remain confident that the debt problems which has affected other nearby European tourism destinations like as Greece has not negatively impacted the Egyptian economy.

Talking to Reuters, Egypt’s Tourism Minister, Zoheir Garrana, revealed that tourism revenues rose by 17.6% to $5.58 billion in the first half of 2010 with the aim ofincreasing to £13 billion by fiscal year end.

Commenting on these latest figures, Steven Worboys, MD of the Egypt property experts Experience International, stated …

“The previous 12 months has definitely been a more difficult time for Europe. The effect of the global recession has been felt in many countries including Italy, Portugal,Greece and Spain whose economies rely heavily on tourism.

“Holidaymakers are now seeking the best deals available, often looking further afield than usual to non euro zone countries like as Egypt where can get more for their money. It’s very encouraging to see that tourism revenues are up and that the sector is accounting for 11% of GDP equivalent to 1 in every 8 jobs according to Ministry figures.”

Visitor arrivals to Egypt continue to increase with in excess of 7 million visitorsso far in 2010 and 15 millions expected in total by December. The majority of tourists come from The UK, Germany, France, Italy and Russia with the Russia showing a 95% rise in Q1 2010.

Such sustained growth is fueling further demand for good property in the tourism hot spots in Egypt. Rich in history, culture and natural attractions, Egypt affords an excellent range of attractions with the Red Sea coast especially popular with individuals, couples and families alike.

So it’s simple to see why property in Egypt is an excellent investment delivering great financial returns in terms of rental income and capital growth.

Established Sharm el Sheikh property such as the new Monna Sharm development are still very affordable and start from only £23,400 for a studio apartment with swimming pool views and communal roof terrace whilst freehold property such as the studio, 1 and 2 bed apartments at Royal Beach can be purchased in the up and coming resort of Hurghada at great value prices.

For additional information about buying property in Egypt then contact the experts at Experience International on + 44 (0) 207 321 5858 or go to Experience-International.com.

Desert Oasis

by EgyptTripAdviser on July 13, 2010


A desert oasis is generally a lush, water-rich area in the middle of the desert. It can be something as simple as a small pond filled with water after a rain, to a cavern into which water constantly flows such as is found at Montezuma’s Well in Arizona. Over the years they have been used by travelers to refresh themselves, as well as by story tellers to provide comic relief or a sinister turn in a tale when a hallucination leads to ruin.

Desert Oasis

Speaking of Montezuma’s Well, this desert oasis was first brought into the public attention in 1878 in a Handbook to Arizona written by Richard J Hinton. However, someone else wrote about it a long time before that. In 1583 a Spaniard named Antonio de Espejo wrote of ditch running from a pond to an abandoned pueblo. Some people believe this described Montezuma’s Well. The well is a sinkhole into a cavern where over a million gallons of water flows each day. The source of all this water is unknown.

Oases have lent their name to other places where people rest. The Desert Oasis RV Park and Sand Dune Resort is one of these. It opens for five months a year beginning in May. It has 72 campsites and miles and miles of sand dunes where people dune ride, snowmobile in the winter and explore the many caves found near the property.

The caves near the Desert Oasis RV Park have a remarkable origin. They are tubes formed from cooling lava. They snake underground for miles and miles, going wherever the lava was able to flow. A little known fact is that lava is a great insulator. So these caves are cool even on the hottest summer days. Take a sweater if you visit.

Oasis is also a popular name for hotels. One of these is in Scottsdale, Arizona – the Sheraton Desert Oasis. It’s located in the Sonoran Desert which provides a beautiful backdrop for the hotel. It’s hardly bereft of life. There are activities such as rodeos and horse shows nearby, as well as art galleries and museums. And of course there’s the desert to explore. Don’t forget to drink when you visit the desert.

Desert Oasis

A desert oasis can be a life saver for someone traveling under the hot sun and over the hot sands. It can also be a hotel, park, or rest stop in the modern world.

Is Sharm el Sheikh The Best Place on The Planet for Property Investment?

by EgyptTripAdviser on July 7, 2010


Sharm El-Sheikh situated on the Red Sea coast has become one of the most popular vacation property locations in the world attracting one million plus visitors annually due to the appealing mix of year round hot and sunny climate, beautiful beaches and world class diving. Sharm el Sheikh property is also very affordable, with entry level at around twenty thousand pounds.

The privileged location of Sharm el Sheikh on the Peninsula of Sinai has always been an important location as some say that the location is the meeting point between Asia and Africa and the cradle of great civilizations.

Sharm el Sheikh has a wealth of history and culture and nowadays also provides all the luxury and qualities of a world class touristic destination. A place where people from all over the planet come and experience a variety of pleasures and leisure activities including of course sun, sea, and sand as well as luxury living and first class lifestyle experiences.

Watch this introduction to Sharm video to see for yourself

Sharm El Sheikh has emerged from a little fishing village on the Egyptian Red Sea into one of the top 10 resorts on the planet.

Investment Motivators

High quality build to European standards
Own outright from as little as £20K
No restriction for foreign buyers
Hassle-free investment
No inheritance or capital gains tax
99 year renewable leasehold
Flexible payment terms
Year round rental demand
High capital growth
Furniture packages available
Inspection visits

In summary Sharm el Sheikh provides an exciting and desirable option for many Egypt property investors.

Apartments in Sharm el Sheikh are very popular as the location benefits from year long sunshine and receives a year on year growing influx of tourists it is very common for property investors to benefit from year round rental income when they are not using [spin]the properties themselves.

Contact Experience International to ask about the latest developments + 44 (0) 207 321 5858

Why Egypt is the Country for Investment Property

by EgyptTripAdviser on July 6, 2010


The popular holiday destination of Egypt is going against the lowering global tourism trend by recording a 29% increase in tourist arrivals and 24% increase in tourism revenue in Q1 2010.

In stark contrast to the overall state of the global tourist industry which is struggling to bounce back from “one of the most difficult years” (2009, WTO) and currently suffering another blow from the Icelandic volcano crisis, estimating to be costing airlines up to $400 million each day (International Air Transport Association), the north African nation looks like it is getting stronger and stronger.

It cannot be said that Egypt was totally unaffected by the economic slump of the last 12 months but with 3.46 million tourists arriving between January and March 2010 generating a $2.7 billion revenue, Egypt “completely rebounded” according to Tourism Minister, Zoheir Garranah.

Tourism plays an increasingly important part in the Egyptian economy, currently growing at an impressive 5.1%, accounting for more than 12% of jobs and generating $10.76 billion in 2009 according to the Tourism Ministry. The traditional historical and cultural attractions such as the Pyramids of Giza and Luxor remain highly popular but also getting very popular is the Red Sea coast is attracting millions every year to its white sandy beaches and clear warm waters and reliable sunshine.

Steven Worboys, MD of Egypt property experts Experience International, with over 5000 properties along the Red Sea, commented:

“Egypt remains one of the most sought-after holiday and second home locations in the world attracting over 1 millions people from the UK each year. The mix of easy, cheap and quick access from the UK, value for money property prices and a reliable climate has ensured that Egypt and the Red Sea coast in particular almost irresistible.”

One particular property for sale in Egypt which is seeing increased interest also thanks to its exclusive SIPP eligibility is the Samra Bay Marina & Spa Resort marketed through Experience International. Affording a true frontline location on the “Golden Mile” of Hurghada, these luxurious studio and 1 bedroom apartments are available from as little as 59,300 Euros, provide a guaranteed return for a minimum of 8 years and are definitely worthy of consideration in 2010.

Forecasts for the rest of 2010 are positive with a minimum 5% economic growth expected and a target of increasing tourism receipts to $11.5 billion. Acknowledging the importance of investment the Egyptian government also plans to increase spending by 11.2 billion Egyptian pounds ($2 billion) to support the economy, with the majority of the money going into infrastructure projects.

For more information about buying in the thriving tourism hotspot of Egypt contact the experts at Experience International on + 44 (0) 207 321 5858 or visit experience-international.com.

Which is Best For Luxury Travel: Spain or Egypt?

by Egypt Holidays on June 17, 2010


getting around egypt

Determining the right destination for your luxury trip can be an exciting and challenging task. Both Spain and Egypt offer excellent locations for visitors and are sure to impress all tourists. Both countries rely on tourism as a major aspect of their economies, and businesses and governments do all that they can to attract as many visitors as possible.

Travel in Egypt

Close to ten million foreign visitors come to Egypt every year. Most visitors come to witness and learn about the ancient history of Egypt. Popular attractions in Egypt include the Great Sphinx, the Pyramids, Karnak Temple Complex, the Valley of the Kings, and Cairo. The coastal regions of the Sinai Peninsula also offer relaxing getaways for travelers.

Egypt is the place to go for history enthusiasts, as it offers an enormous number of museums and historical buildings. Ancient cities such as Giza and Luxor still stand today and boast impressive monuments to the ancient world. Besides these main attractions, larger cities such as Cairo will attract millions of visitors annually to experience some of the finest shopping, dining, and lodging in the world. The Nile River is also a popular destination for foreigners who seek out adventure. Nile cruises will offer an exciting look at wildlife in Egypt. For more information check out the official Egypt tourism office.

Travel in Spain

Spain relies on tourism and is second in the world in annual tourism spending, behind only the United States. The country focuses on its summer resorts and beautiful beaches to attract travelers from across the globe. The Spanish coasts offer excellent destinations for families and individuals looking for a relaxing trip away from home.

Madrid is the most exciting city in Spain is the designated capital of the country. Located in the center of the country, Madrid is central to the economical and political branches of Spain. Madrid is a highly modernized city with plenty of attractions that range from shopping and dining, to theme parks and museums. In a way, nothing can beat Luxury travel in Madrid as you can see the sights in style.

Spain is also the site for many important global festivals. The Seville Fair and Festival of San Fermin attract thousands of visitors to Spain. Spain is also an exciting destination for winter travelers, as it is the second most mountainous region in all of Europe. Spain is an exciting getaway for skiers and snow enthusiasts.

For more travel ideas in spain why not also look up their tourism board.

Visiting the Pyramids and the Sphinx – Part 2

by Egypt Holidays on June 9, 2010


egypt sphinx

Following from our earlier blog, our trip continues…

The tickets prices differ for locals and foreign visitors. Keep in mind that there is a separate entrance fee for visiting the Giza compound and entering the Pyramids. The ticket collection offices are brick enclosures which can get very crowded and are easy to miss. Don’t look for signs. There are none. As for the taxi drivers, it is customary for them to stop before the main entrance, for a camel or horse trip. If you don’t want a ride, politely ask the driver not to stop before the main entrance. Also make sure that you do not take any sharp items with you as the security checks are rigorous. Once inside the compound, you will encounter numerous vendors who insist on initiating a conversation so that the visitor may buy. Do not start haggling if you don’t want to.

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Visiting the Pyramids and the Sphinx – Part I

by Egypt Holidays on May 27, 2010


egypt giza sphinx

The most famous of the monuments remains the great Pyramids at Giza. The compound is located just a few kilometers south of Cairo. Due to the massive intrusion of the nearby real estate, the last house is just a few hundred meters, from the Giza site. Yet, the entire site feels a world apart. What attracts visitors most is the location of the three larger pyramids and sphinx. The complex also contains many temples, outer buildings and other places of worship.

It is not only the great pyramid that demands attention but the two sister pyramids also offer a glimpse into an intriguing art of ancient engineering. On arrival, the pyramid of Khafre greets the visitors which to an on-looker looks larger than the Great Pyramid. Experts believe that it was purposely built on a high mound with steep angles to create an illusion of its greater size. Just for this reason, it is mistaken as the great Pyramid, itself. The smallest of the three is that of the Menkaure. It too has its fair share of legends and myths that far outweigh its larger neighbors. The pyramid is half limestone, half brick and the mechanical engineering and design doesn’t match its cousins. Stories abound and the pyramid reveals its secrets every year. Talk about the giant and fully functional boats discovered beneath the Great Pyramid.

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Why is Sharm El Sheikh Property so Popular?

by EgyptTripAdviser on May 6, 2010


Sharm El-Sheikh situated on the coast of the Red Sea has become one of the most popular second property destinations in the world attracting one million plus people annually due to the compelling mix of year round hot and sunny climate, beautiful beaches and first class diving. Sharm el Sheikh property is also quite affordable, with entry level at around £20K.

The unique location of Sharm el Sheikh on the Peninsula of Sinai has always been an important location as many people say that it is the meeting point between Asia and Africa and the cradle of great civilizations.

Sharm el Sheikh is rich in history and culture and nowadays also offers all the luxury and qualities of a world class tourist resort. A place where many people from all over the world come and experience a range of pastimes and leisure activities including of course sun, sea, and sand as well as luxury living and top end lifestyle experiences.

Watch this introduction to Sharm video to see for yourself

Sharm El Sheikh has emerged from a little fishing village on the Egyptian Red Sea into one of the top 10 resorts in the world.

Investment Highlights

High quality build to European standards
Own outright from as little as twenty thousand
No restriction for foreign buyers
Ease of purchase
No inheritance or capital gains tax
99 year renewable leasehold
Flexible payment terms
Year round rental demand
High capital growth
Furniture packages available
Inspection visits

All in all Sharm el Sheikh offers an interesting and desirable option for many Egypt property investors.

Property in Sharm el Sheikh is very attractive as the area benefits from year long sunshine and is attracting a year on year continuous influx of tourists it is very realistic for property investors to benefit from year round rental income when they are not staying [spin]the properties themselves.

Contact Experience International to ask about the latest developments + 44 (0) 207 321 5858

Egypt’s 29% Tourism Growth Bucks the Global Trend

by EgyptTripAdviser on May 6, 2010


The traditionally popular holiday destination of Egypt is bucking the lowering global tourism trend by seeing a 29% increase in visitor arrivals and 24% increase revenue generated from tourism in the first quarter of this year, 2010.

In stark contrast to the condition of the global tourist industry which is trying to recover from “one of the most difficult years” (2009, WTO) and currently suffering another blow from the Icelandic volcano crisis, estimating to be setting back airlines up to $400 million each day (International Air Transport Association), the north African nation looks like it is going from strength to strength.

It cannot be said that Egypt was totally unaffected by the economic slump of 2009 but with 3.46 million tourists arriving from January and March 2010 generating a revenue of $2.7 billion, Egypt “completely rebounded” according to Tourism Minister, Zoheir Garranah.

Tourism plays an increasingly important part in the Egyptian economy, currently growing at note worthy 5.1%, accounting for more than 12% of jobs and generating $10.76 billion in 2009 according to the Tourism Ministry. The traditional historical and cultural attractions such as the Pyramids of Giza and Luxor remain highly popular but also getting very popular is the Red Sea coast is drawing millions each year to its clear warm waters, white sandy beaches and reliable sunshine.

Steven Worboys, MD of Egypt property experts Experience International, with over 5000 properties along the Red Sea, commented:

“Egypt remains one of the most popular holiday and second home locations in the world attracting over 1 millions people from the UK each year. The mix of easy, cheap and direct access from the UK, value for money property prices and a reliable climate has made Egypt and the Red Sea coast in particular almost irresistible.”

One particular property for sale in Egypt which is receiving increased interest also thanks to its exclusive SIPP eligibility is the Samra Bay Marina & Spa Resort marketed through Experience International. Providing a true frontline location on the “Golden Mile” of Hurghada, these luxurious studio and 1 bedroom apartments are available from only 59,300 Euros, offer a guaranteed income for a minimum of 8 years and are definitely worth further consideration.

Forecasts for the remainder of 2010 are positive with a minimum 5% economic growth expected and a target of increasing tourism revenue of $11.5 billion. Identifying the importance of investment the Egyptian government also plans to increase spending by 11.2 billion Egyptian pounds ($2 billion) to support the economy, with most of the funds to be spent on infrastructure projects.

For more information about investing in the thriving tourism hotspot of Egypt contact the experts at Experience International on + 44 (0) 207 321 5858 or visit experience-international.com.

Visiting the temples of Karnak

by Egypt Holidays on March 10, 2010


karnak temple

The temples at Karnak are one of the greatest architectural achievements besides the Pyramid. Located a few kilometers north of Luxor, it spreads on approximately 250 acres. This is the largest religious complex in the world. The construction continued over an elongated period of thousand years and was contributed by more than thirty Pharaoh. The temple of Amun is the centerpiece of the site which is surrounded by a multitude of giant columns, obelisk, pylons and many statues.

Further down the site, the magnitude of the Hypostyle Hall leaves visitors breathless. It is the most documented site outside Cairo. The ceiling was 82 feet high and supported by twelve columns in rows of six. Natural earth tones are used to provide a dazzling effect of limited light that crept into the halls. Once inside the hall, visitors can feel how it would be like to stand in the great hall underneath the shadowy reflections of great columns, which itself created a powerful image of foreboding.

If you plan to stay late, don’t miss the light show at night. It covers the history of the complex and that of the great city of Thebes. The show is presented in six different languages. It is a good idea to hire a tour guide who will provide you an overview of the history and guide you to the locations seldom visited by other tourists. Later on, you may continue your tour, in private. It is a huge site that can take hours to uncover. Therefore, it is suggested that you take a lot of water with you and wear comfortable shoes.

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