
Whether buying property in Hurghada is worthwhile depends on your goals and risk tolerance.
Here’s a breakdown of the pros and cons to help you decide:
Pros:
- High rental yields: Hurghada’s tourism industry means you can potentially earn good rental income, especially during peak seasons.
- Affordable prices: The Egyptian currency’s weakness makes property acquisition attractive for foreign investors.
- Lifestyle benefits: Enjoy beautiful beaches, a relaxed atmosphere, and easy access to diving and other recreational activities.
- Investment potential: The market shows promise for long-term growth, especially in desirable locations.
Cons:
- Seasonal fluctuations: Rental income might be lower outside peak tourist seasons.
- Off-plan risks: Delays or cancellations can occur with off-plan developments.
- Legal considerations: The buying process in Egypt can be complex.
Using a reliable real estate agent is crucial. - Maintenance costs: Factor in potential maintenance fees and upkeep costs for your property.