Why invest?

Hurghada property investment is an excellent way to build wealth, create passive income streams, and ensure financial security for you and your family. Hurghada is a popular tourist destination known for its beautiful beaches, vibrant culture, and ideal climate. Additionally, Hurghada is a safe and secure city with low crime rates. The economy is stable with high growth, and the property market is thriving, with prices increasing rapidly. Below, we will explore the five main reasons why investing in properties in Hurghada is a smart choice.

Booming property market

The property market in Hurghada is flourishing, presenting a lucrative investment opportunity. The city provides a secure and stable environment for investors, with a strong economy and attractive tax incentives. Property prices are still favorable but are steadily increasing at an average rate of 5 to 10% per year. Properties in Hurghada are traded in various currencies, including the Egyptian Pound (EGP), providing stability and flexibility.

As Hurghada attracts a large number of tourists from around the world, the demand for holiday homes is continuously rising. Furthermore, the city’s population is expected to grow, leading to increased demand for properties. Rental apartments and villas in Hurghada offer attractive returns of 6-8% of the purchase price per year, allowing for a relatively quick return on investment, thanks to the high demand and rising property prices.

Economic growth

Hurghada boasts a strong and stable economy, which is instrumental in attracting investors and creating ample job opportunities. The city offers numerous business prospects across various sectors, including education, health, tourism, and real estate.

Significant investments are being made to enhance the city’s infrastructure, including the development of a new international airport, construction of motorways, and improvements in healthcare and tourism facilities. The banking system in Hurghada is robust and overseen by the Central Bank of Egypt. It is also possible to open accounts in various currencies, such as the Egyptian Pound, Euro, and US Dollar, with favorable interest rates for savings. 

Geographical location and climate

Situated on the shores of the Red Sea, Hurghada enjoys a strategic geographical location. The city is well-connected and lies in close proximity to Europe, Asia, and Africa, making it easily accessible for international travelers and investors.

Hurghada benefits from a delightful climate, characterized by hot, dry summers and mild winters, with an average of 340 sunny days per year. August is the hottest month, with temperatures ranging from 30°C to 35°C, while January and February are the coldest months, with average temperatures around 10°C to 15°C. This pleasant year-round climate makes Hurghada an ideal destination for both leisure and living.