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The Residential Tourism market in Egypt service

Place of Origin: Egypt
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HURGHADA INVESTMENT

[ Egypt ]
  • Business Type:Agent
  • Product/Services:Apartment for sell in hurghada,Hurghada-Red ...
  • Online Showroom: 45 products
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  • Place of Origin: Egypt

Egypt enjoys various fields of tourism attraction; the most important are archeological or cultural tourism as one of the olde

Egypt enjoys various fields of tourism attraction; the most important are archeological or cultural tourism as one of the oldest types of tourism in Egypt, where the landmarks of the ancient civilizations are visible to the naked eye, an incarnation of the nations that  constructed these civilizations since the dawn of history. Despite the multiple types of tourism, and Egypt's cultural tourism remains the unrepeated, unique and non-competitive component of tourism as Egypt possesses one third of the world's known monuments. Besides cultural and archaeological tourism, many tourism attraction types have come into existence and addressed broader segments of tourists across the world, including recreational tourism, beaches tourism, religious tourism, therapeutic tourism, eco -tourism, sports tourism, golf tourism, safari tourism, desert tourism, yacht tourism,and maritime tourism in addition to festivals tourism, and cultura levents and finally conferences and exhibitions tourism.


In addition to these types of tourism, "Diving Centers Tourism"represents a tourist activity that attracts large numbers of tourists.


Egypt location is also a key to attracting buyers of second homes among many nationalities.


The Residential Tourism market in Egypt has the potential to become the next major economic growth sector in the country and the next property investment hot spot on the international stage. A combination of relatively low prices and spectacular locations both on the Red Sea and Mediterranean coasts provide an attractive investment proposal to European and Arabian investors because Egypt's viable alternative to established markets in othe rspots in the world  which are becoming increasingly expensive and overdeveloped.


This type of tourism is considered a steady investment, not affected with the seasonal factors affecting other kinds of tourism such as traditional vacations, cultural tourism, conferences and other types of tourism which are affected by different political and economic factors.

The ownership of property in Egypt is relatively straightforward and operates along broadly European lines.


Due to the much lower cost of living in Egypt compared to all European countries, tourists reaching retirement age will most likely prefer to  stay in countries with a lower cost of living than theirhome countries. In this latter regard the market for retired people has proved substantial in Europe and could be very significant in Egypt.

With average flight times of around 5 hours from most European centers it is highly accessible.

Secondly as a revenue producing investment when not being occupied as a vacation home.

Additionally,as we mentioned before Egypt enjoys a very mild and suitable climate,more suitable than other countries known for their appeal to tourists.This appeal is created in part by the promotional activities undertaken by these countries which involve a lot of effort and organization and are given a high sense of importance.


Many of these promotional activities target residential tourism over all other types.


The Egyptian government has gone a long way to attract investment in this sector by minimizing obstacles and simplifying procedures.

Residential tourism is essentially in its early phases in Egypt and the potential is immense. Flights are clearly a very important factor to the purchaser of overseas property to enable frequent visits and facilitate the letting of investment property to holidaymakers.


Egypt has an enlightened and reformist administration which is determined to encourage the growth of the Residential Tourism market and which takes these issues seriously.

 
Egypt also has a stable and diverse economy and one of the friendliest and most welcoming populations

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