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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

How can you invest in Egypt? when you cant even find a flight from London

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  #1  
Old 30-04-2007, 10:33 AM
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Default How can you invest in Egypt? when you cant even find a flight from London

I have been trying to find a flight from London to Hurghada or Sharm and its just not working its too expensive or there is no flight available.

How I am I supposed to invest in a country if I cant even get a flight there?

Your comments are most welcome.
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  #2  
Old 30-04-2007, 11:52 AM
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Default Flights

I went out there 6 weeks ago, flew XL airways from Gatwick and only on a Friday To hurghada. Hope this helps!

Quote:
Originally Posted by yield
I have been trying to find a flight from London to Hurghada or Sharm and its just not working its too expensive or there is no flight available.

How I am I supposed to invest in a country if I cant even get a flight there?

Your comments are most welcome.
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  #3  
Old 01-05-2007, 08:12 AM
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The following article from World of Property might give you a clue - with such a vast increase in tourism expected do you think that the airline industry will not take note? Its still hard to get flights to Morocco but the new resorts are selling out fast and new airports are under construction. Egypt already has the airports - we just need more and cheaper flights.

Recent Article by Nick Clarke from World of Property Magazine

Egypt provides visitors with year-round sun, a stunning wealth of history, world–class resorts and attractions such as cruising and diving. The country also has low stamp duty, death succession duty of 7 per cent and no capital gains tax payable on the sale of property. Egypt's economy grew by 6 per cent in 2006. The anticipated growth this year is 7 per cent. And all of this is accessible via a five-hour flight from the UK.
Given these features, it is perhaps unsurprising that Egypt's property market is booming. Last year over a million UK holidaymakers visited Egypt. This was a 25 per cent increase from 2005. The country is on course to welcome 16 million visitors from around the world by 2014.
Reflecting this increase in popularity, property prices in Egypt have surged and are now showing some of the highest appreciation values in the world. The average property price rose by 50 per cent in the last two years, according to the Egyptian tourism authority. Egypt also offers the potential for high returns on investment, with rental yields sometimes reaching 11 per cent, compared with a UK average of four to six per cent.
Despite this recent boom, current prices still reflect Egypt's status as a new player in the property market. A two-bedroom apartment in a popular tourist resort will cost on average about £37,000. However, prices aren't expected to remain at these levels for long. Approximately 2,000 properties were purchased by overseas buyers in 2006 and this figure is expected to double in 2007 and reach 10,000 by 2010, pushing prices up by as much as 20 per cent per annum for the next three years.


If any airline execs are out there your comments would be much appreciated!! My company plan to take between 500 & 1000 clients on inspection flights this year (out and back in 3/4 days). Any suggestions on suitable carriers would be very welcome...
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Old 08-05-2007, 06:06 PM
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Quote:
Originally Posted by Peter Mitry
The following article from World of Property might give you a clue - with such a vast increase in tourism expected do you think that the airline industry will not take note? Its still hard to get flights to Morocco but the new resorts are selling out fast and new airports are under construction. Egypt already has the airports - we just need more and cheaper flights.

Recent Article by Nick Clarke from World of Property Magazine

Egypt provides visitors with year-round sun, a stunning wealth of history, world–class resorts and attractions such as cruising and diving. The country also has low stamp duty, death succession duty of 7 per cent and no capital gains tax payable on the sale of property. Egypt's economy grew by 6 per cent in 2006. The anticipated growth this year is 7 per cent. And all of this is accessible via a five-hour flight from the UK.
Given these features, it is perhaps unsurprising that Egypt's property market is booming. Last year over a million UK holidaymakers visited Egypt. This was a 25 per cent increase from 2005. The country is on course to welcome 16 million visitors from around the world by 2014.
Reflecting this increase in popularity, property prices in Egypt have surged and are now showing some of the highest appreciation values in the world. The average property price rose by 50 per cent in the last two years, according to the Egyptian tourism authority. Egypt also offers the potential for high returns on investment, with rental yields sometimes reaching 11 per cent, compared with a UK average of four to six per cent.
Despite this recent boom, current prices still reflect Egypt's status as a new player in the property market. A two-bedroom apartment in a popular tourist resort will cost on average about £37,000. However, prices aren't expected to remain at these levels for long. Approximately 2,000 properties were purchased by overseas buyers in 2006 and this figure is expected to double in 2007 and reach 10,000 by 2010, pushing prices up by as much as 20 per cent per annum for the next three years.


If any airline execs are out there your comments would be much appreciated!! My company plan to take between 500 & 1000 clients on inspection flights this year (out and back in 3/4 days). Any suggestions on suitable carriers would be very welcome...
Peter you are wrong Morocco has many low cost flights i.e Easy Jet / Ryan Air
and you can enter via Malaga or Gibraltar so its much cheaper to get to then Egypt.

Dont get me wrong I do like Egypt as a investment but it a much longer term investment.
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Old 08-05-2007, 07:53 PM
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Go to

realexpectations.eu

Ask for Bobby, i think he has beach front properties on the Red Sea for between £16,000 and £20,000 (it may even be Euros im not too sure it was a while since i spoke with him)

They have year round rentals due to climate and location and seemingly have excelent dive centres.

Go onto the website and send them an email.

Tell them Alan @ OFS Spain recommended.

Cheers.
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  #6  
Old 17-06-2007, 02:51 PM
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Hi Yield! Check out My Travel Lite - flights to Hurghada from Gatwick or Manchester for 164.50 GBP! (inc. taxes).
Why not come and take a look at Sahl Hasheesh? Where else can you achieve 40%+ annual growth rate and 15% ROI from Buy to Let?
Sahl Hasheesh - luxurious Villas and Apartments in Eygpt
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Old 08-08-2007, 10:27 AM
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Cheap flights to Hurghada are essential for my development to sell quickly (Red Sea Residencia), but what is a cheap flight. I've bought 7 day returns from Gatwick at £220, and the lat one for 31st August is costing £279. Not as cheap as £69 to Spain but then what can you do in Spain in December, except wish you were in Egypt.
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Old 08-08-2007, 09:50 PM
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I think a flight feels reasonable up to £200 per person inc taxes given the early stage market - but when you look at flights in december they are currently around £700 per head for the key weeks - this makes it really unattractive for a family with young children - despite us having bought a property to enjoy for the holiday period!

who is well placed to produce the business case for the cheap airlines to fly into hurghada - cant we start pulling together some assumptions on the forum and then package it into a proposition to take to the usual players?

what are the key drivers for the investment case from an airlines perspective?
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Old 08-08-2007, 09:59 PM
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I was having the same problem getting a direct flight to Hurghada, so in two weeks I am flying into Cairo. Then taking EgyptAir flight for only 25.00 GBP round trip to Hurghada. It is only an hour flight, and for me it is much cheaper to flight to Cairo.

But hopefully there will be more flight added soon straight to Hurghada and Sharm!
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  #10  
Old 08-08-2007, 10:39 PM
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Can you give details of your flight to Cairo - maybe an option for others to consider. The only time I've looked at this the flights did seem very cheap so never looked athte Cairo Hurghada route. I do know that it takes about 5 hours on a coach and costs about £7 each way.
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Web-sites:- http://www.redseadevelopments.com - http://www.holiday-homes.me.uk
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