From the monthly archives:

July 2010

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.