While newspapers and the press have been filled with stories of difficulties in the global economy in recent times, the real estate market in Egypt has quickly quiet, grown with many foreign investors buying property in the traditional tourist destinations of Sharm el-Sheikh, Hurghada and Marsa Alam. Apart from these stations is known, however, a new destination to Nabq Bay, the subject of a considerable investment real estate investors is an early riser looking with increasing interest in the ownership of the Red Sea to use.
Nabq Bay is located on the Egyptian Sinai Peninsula, a short drive from the popular resort of Sharm el-Sheikh. The visitors and residents a breathtaking view of the clear blue waters of the legendary Red Sea, and a climate throughout the year. Spending even a little time here, it is easy to see why so many visitors are attracted to this beautiful part of the Sinai Peninsula.
When the inhabitants of the beach are Sharm El Sheikh and surrounding area also has a good reputation among fans of water purchased. Following the exploits of the legendary Jacques Cousteau, the region is now among divers around the world known. Famous dive sites including wreck Thistlegorm Strait of Tiran and Ras Mohammed National Marine Park are very close to the boats and dive centers in Sharm El Sheikh and Nabq Bay.
The potential of Nabq Bay has been recognized by the tourism industry, and today there are a number of large hotels and resorts in the region. Mövenpick, Radisson and First Choice are just a few of the many tourist groups, increased investment in the region over the past two years. Like the way with resorts such as an application for the land in the area began to be accelerated, and a number of key developers have launched projects in the region to life.
In addition to the regions natural beauty and pleasant climate, other factors also contributed to increasing the attractiveness for foreign investors who acquire real estate abroad. Being outside the euro area that the property in Egypt, has become cheaper in relative terms in recent years. Especially compared to more traditional destinations for property investment, such as France, Spain and Italy. As property prices fall, have the low cost airlines also took the opportunities for increased tourism in the region, and that airlines such as Easyjet and Jet2 offer regular flights to all stations Red Sea, on a regular basis.
