The Real Estate Market in 2019 Series (Part IV)

With the year coming to an end, we are looking forward to the long -or short- break we hopefully all get for Christmas and New Year’s. The enthusiasm to leave Cairo’s never-ending chaos and head out to the Red Sea, whether in Gouna or Sokhna for some warmth and sun is high. That is precisely the reason why investing into coastal town -or specifically beachfront- second homes has been a growing market in Egypt that guarantees high return on investment.The second homes market in Egypt has flourished in the last 3 years, since the devaluation, with demand for properties initially fueled by the need to invest into worthy real estate opportunities and shift investment away from the banking sector. However, in the last 2 years the second homes market over both the Red Sea and Mediterranean have flourished due to the high appreciation rates of beachfront properties and the growing demand for leasable properties, which guarantees a high return on investment for such residential units.

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