Investors are clamouring for low-cost property in Egypt, New Skys has found – and we’ve responded
The mix of low-cost units, luxury accommodation, guaranteed rental yields and high potential capital gains, has attracted a huge amount of inquiries to our office.
New Skys partner manager Kristina Hrman said, “We had an amazing response to our Egyptian Property of the Week in the last New Skys News. I personally handled dozens of inquiries for Sunset Pearl Beach and Golf Apartments which offered a potential 30% capital growth a year. Investors were also interested in Egyptian mortgages.
“That’s why we had to include the similar – but even better value – Desert Pearl, where prices on the last remaining properties have been reduced by £100 a square metre and now start at just £14,900."
Projected capital growth at the luxury Hurghada development pictured above could reach 30% a year and rental yields are estimated at up to 10% per annum. Down payments start at £1,500 for the luxury European-style studio to three-bed apartments. Finance up to 60% Loan To Value is available.
Coral Sea Pearl also features this week as our Most Popular Property. With prices starting from under £20,000, down payments as low as £1,980 and no capital gains taxes to pay, I’m sure investors will be just as keen to snap them up.”
The development features studio to three bed apartments and is only 200 metres away from Hurghada’s pearl white, sandy beaches and shopping boulevard.
The resort has a large rental potential from tourists thanks to its sunny climate; sports and leisure activities – especially diving; ancient historic sites; quick flights and low cost of living.
The gated European-style development offers 180 terraced apartments with communal tropical gardens; pool bar and swimming pools; a fully-equipped gymnasium; games room and internet café/business centre. Maintenance, gardening and laundry services are available year-round.
Hurghada is one of Egypt’s liveliest and busiest Red Sea Riviera resorts. It has a vibrant, cosmopolitan atmosphere, with an abundance of exclusive boutiques and fashionable shopping outlets, relaxed outdoor cafes, trendy chill-out bars and international restaurants.
Watersports – particularly diving and snorkeling – are popular in Hurghada’s clear waters and unique reefs.
