More Saudis are encouraged to buy property in Egypt a year after the currency flotation. As apartment prices start from $80,000, many Saudis found it a good chance to own a property in Egypt, especially those who love to spend their vacations there. Many also started to buy properties out of Cairo, like the North Coast, El Gouna, Soma Bay and Sahl Hashesh. Paul Smith, Senior Sales Director at Kinney...
Egypt is a good lesson in why it is important to distinguish between nominal and real house prices. Extraordinarily high inflation (29% and rising) caused by floating the currency in November 2016 means that 22.86% nominal house prices increases actually disguise real house prices declines of 5.32%! Egypt's economy grew by 4.3% in 2016, the highest growth in 6 years, on the back of strong private...
If you happened be on the beach this morning at 5.18 you might have encountered this bad boy. I do love living by the...
12 Top-Rated Tourist Attractions in Hurghada Hurghada is Egypt's oldest and most famous resort. Offshore, is the colorful and bizarre Red Sea world of coral and fish life that first brought Hurghada to worldwide attention, while back on solid ground, the once tiny fishing settlement has mushroomed into a resort city catering directly to tourism. For northern Europeans (who make up most of Hurghada's...
Red Sea Homes are very proud to announce that we are the now the OFFICIAL UK broker for ALL Orascom projects in El...