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There are the usual attractions that young property markets can all boast, such as endless sunshine (360 days a year in Egypt) and an extremely low cost of living (an average meal with drinks will be no more than £10), plus the fact that flights from a large number of European cities go direct to the resort of Hurghada’s own international airport and take less than five hours, but the real appeal lies in the diversity Egypt offers property buyers.
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In addition to the standard lures of sand and sea, the Red Sea resorts are tremendously popular with fans of aquatic sports – particularly diving. Land-based sports fanatics are just as well served, with eight golf courses planned for Hurghada alone. Most significantly of all, with the increase in popularity of long distance holidaying, increasing numbers of tourists are looking for a more complex or multi-centre vacation; the lazy tranquillity of the beach with the culture and activity of a city break – Egypt has all those charms just a few hours away from each other.
When that’s all taken into account, it means that you’re guaranteed to make a princely sum on rental and there’ll be plenty of people willing to offer a king Tutankhamun’s ransom for your property when you come to sell.
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