Investment possibilities in Hurghada

In relation to investments, Hurghada is one of the most attractive places in the world when it comes to holiday real estate.
Generally speaking Egypt has been appointed to be one of the most accomodating countries in the world by the World Bank. Comprehensive reforms have been carried out in Egypt, and the country will do what it can in order to satify its foreign investors. This has resulted in a very attractive investment climate in Hurghada.

To Palma Resort clients this has had the effect that all the sold apartments have increased their value to a level of 35-55% from the time the apartments were sold to they were ready for occupancy. As a result we experience that the same client buys more than one apartment with the purpose of letting out or resale in the long term. Apart from possessing a piece of the Egyptian holiday paradise it is also a healthy investment.

The radical changes taking place in Hurghada's holiday industry right now is regarded as a wave similar to the one which stroke Dubai almost ten years ago. And this is still a market in growth, as we all know.

Please note the links below describing the World Bank's recommendation of Egypt as an investment country.

Facts on Egyptian tourism

In 2006 9.1 million tourists visited Egypt, which was a new record and an increase of 5,5% compared to 2005.

The Egyptian Touristic Council aims to double the number of tourists in 2014 – that is from 8 million in 2004 to 16 million in 2014.