OCCUPANCY IN RED SEA RESORTS OVER 70%
Since the revolution Cairo hotel occupancies are fairly low compared to the Red Sea resorts such as Hurghada and Sahl Hasheesh, which have been up over 70 percent since August.
Since the revolution Cairo hotel occupancies are fairly low compared to the Red Sea resorts such as Hurghada and Sahl Hasheesh, which have been up over 70 percent since August.
Investors are looking at the long term rather than short term in Egypt and are seeing a great opportunity to invest in a country that will soon have a strong and stable economy.
Neil Hollingsworth from Rivermead Global says “we have seen a big increase in people searching for property in Turkey, especially in Altinkum and Akbuk where you can still get large 86m2 apartments from as low as £35,000″
Property investors are pleased hotels are back to being full like they were before the revolution and are confident Egypt has a bright future.
Tourists are interested in seeing the effects of the revolution and tour companies are now incorporating the recent events into their schedules.
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The Al Futtaim Group owns the rights to Marks and Spencer in the Middle East and the store is expected to generate substantial sales and be a huge success.
Italcementi Group is to introduce a new wind energy project in the Red Sea area and is expected to invest 140 million euros into the venture.
Looking at Villas in Egypt? Your dream may be to buy a villa in Egypt but to stop that dream turning into a nightmare you need to know HOW to buy, not just what
Turkey’s economy has increased more than four times the Euro zone’s growth, which is why investors now want to buy property in Turkey.