Hi, I have lived in Hurghada for 3 years now and I am currently working for a development company known as Kamareia Resort . Up until this time I had worked for HEPCA and Spot Red Sea both of them heavily involved with the local community here.

As far as investment in Egypt is concerned the potential for capital growth is there, as a destination for tourists from the UK and Europe there are not many places you can go to with all year round sunshine and beautiful tropical beaches. The living is cheap here and the average development property starts at about 30K. The Egyptians are now providing higher finishes to their properties in order to encourage the foreign buyer. Better to look at long term investment in this region and not short term gain. When buying an overseas investment it is a good idea not to rely to heavily on rental returns, unless you have a rentback deal with the developer or hotel on site.

A lot of the time the developer can also strike a great deal on payment terms, normally meaning that you avoid paying interest.