top 10 reasons to buy or sell a home in the current season in Hurghada
Here are the top 10 reasons to buy or sell a home in the current season in Hurghada 2023, with statistics and facts to back them up:
High demand and low supply: According to a report by Relating.com, the demand for residential properties in Egypt has increased by 20% in 2022, while the supply has decreased by 15%. This creates a favorable market for sellers, who can negotiate higher prices and faster sales.
Real estate for sale in Hurghada
Attractive prices and payment plans: Despite the high demand, the prices of properties in Hurghada are still affordable compared to other coastal cities in Egypt and abroad. According to Property Finder Egypt, the average price of an apartment in Hurghada is 1,200,000 EGP, while the average price of a villa is 8,900,000 EGP. Moreover, many developers offer flexible payment plans and discounts for buyers, making it easier to finance their purchases.
Strong rental income and capital appreciation: Hurghada is one of the most popular tourist destinations in Egypt, attracting millions of visitors every year. This means that there is a high demand for rental properties, especially during the peak seasons. According to Hurghadians Property, the average rental yield in Hurghada is 10%, which is higher than the national average of 7%. Additionally, the value of properties in Hurghada is expected to increase by 15% annually, according to Realting.com, making it a lucrative investment opportunity.
Excellent weather and natural beauty: Hurghada enjoys a warm and sunny climate all year round, with an average temperature of 25°C. The city is also blessed with stunning natural scenery, including the Red Sea, the desert, and the mountains. Hurghada offers a variety of activities and attractions for residents and visitors, such as diving, snorkeling, kite surfing, golfing, safari, and cultural tours.
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Developed infrastructure and amenities: Hurghada has a well-developed infrastructure and amenities, including an international airport, a marina, a hospital, a university, a mall, and a cinema. The city also has a wide range of restaurants, cafes, bars, clubs, and hotels, catering to different tastes and budgets. Hurghada is also well-connected to other cities in Egypt and abroad, by road, air, and sea.
Safe and secure environment: Hurghada is one of the safest and most secure cities in Egypt, with a low crime rate and a high level of social stability. The city has a strong police presence and a friendly and hospitable community. Hurghada is also a tolerant and diverse city, where different cultures and religions coexist peacefully.
Property for sale in Egypt
Growing economy and tourism: Hurghada is one of the fastest-growing cities in Egypt, with a booming economy and tourism sector. The city contributes 20% of the national GDP and 30% of the foreign currency inflows, according to Realting.com. The city also hosts several international events and festivals, such as the Hurghada International Film Festival, the Red Sea Jazz Festival, and the Hurghada Marathon.
Modern and luxurious lifestyle: Hurghada offers a modern and luxurious lifestyle for its residents, with a variety of residential projects and communities to choose from. Whether you are looking for a beachfront villa, a lagoon townhouse, a penthouse with a sea view, or a cozy apartment, you can find your dream home in Hurghada. Moreover, many of these projects offer high-end facilities and services, such as pools, gyms, spas, gardens, and security.
Healthy and active living: Hurghada is a great place to live a healthy and active life, with plenty of opportunities to exercise and relax. The city has a clean and fresh air, a low level of pollution, and a high quality of water. The city also has many sports and wellness centers, such as the Hurghada Sports Club, the Hurghada Yoga Center, and the Hurghada Spa and Wellness Center.
Cultural and historical heritage: Hurghada is not only a modern and vibrant city but also a city with a rich cultural and historical heritage. The city has a long and fascinating history, dating back to ancient times when it was a fishing village and a port for trade. The city also has a unique and diverse culture, influenced by the Bedouin, Nubian, Egyptian, and European civilizations. The city has many cultural and historical landmarks, such as the Hurghada Museum, the Hurghada Mosque, the Hurghada Church, and the Hurghada Castle.