Hurghada is becoming an increasingly popular location for property investment. The area is undergoing a construction boom and, whilst prices of property is currently still very low, analysts predict significant rises as tourists continue to be attracted to the city. In particular, Hurghada is becoming increasingly well known as a world-class diving location.
As a consequence of this boom, a large number of Red Sea property investment companies are being set up, especially in the UK. These companies seek to encourage private investors in Europe to purchase recently constructed or soon to be completed apartments in the Red Sea resorts.
Official information about doing business in Egypt is available via the country's Investment Portal. An example of one of the many UK-based businesses to have begun recently to concentrate its activities in this area is Buzz Invest.