“Africa always brings something new” (Pliny the Elder)– Why this rich continent is looking to a bright future

by Charlotte Ashton Botswana Egypt Morocco Tunisia

A somewhat less mainstream holiday destination, Africa remains a largely untapped continent for international visitors but one whose tourism sector is significantly on the increase with the World Travel & Tourism Council having reported growth in tourism on the continent of 5.9% in 2008, greater than the global average of 3.0%. Not only this but with a great deal to offer all travellers, from a welcome sunshine getaway to an adventurous escape, Africa is set to share some of its hidden secrets to a growing number of privileged visitors in the coming years – with the World Travel & Tourism Council reporting that Africa’s travel and tourism industry is likely to contribute 9.4% to the continent’s GDP over the coming 10 years – there is a bright future ahead.

An exciting array of wildlife, a generally warm and sunny climate and varied and captivating landscapes can be said to be offered by all parts of this the second most expansive continent in the world. As one of the most diverse continents, Africa has an arguably unrivalled richness and variety, with countries such as Morocco, Tunisia, Egypt and Botswana, for example, all offering something different to those looking to visit – and perhaps also as places to invest.

Morocco
Colourful Morocco is one of the most well-known of Africa’s destinations, having founded itself both as an exotic holiday location as well as an exciting property investment choice, close to the hearts of many. Just three hours’ flight time from the UK has made Morocco a popular choice for visitors and in response to this popularity, a wealth of property developments have sprung up around the key tourist areas driven by King Mohammed VI’s ‘Vision 2010’, a national focus on increasing the country’s tourism industry and in turn industry profit. Morocco’s aim was to increase tourist numbers from 4.5 million in 2000 to 10 million in 2010 and in response to this national focus, the country is well and truly on track – with 2008 figures showing tourist numbers had increased to 7.88 million, revealing Morocco as a destination of growth where investors can financially benefit.
The resort of Apple Gardens in the tourist hotspot and capital city of Marrakech not only takes advantage of the growth in Morocco’s tourist industry – with 15% annual capital growth predicted – but also the myriad of cultures that define the country – just 15 minutes from the city centre yet boasting breathtaking views of the rugged Atlas Mountains as well as being close to the UNESCO World Heritage site of Djamaa El Fna Square. Apple Gardens is a beautiful boutique gated development with an array of first-class facilities and three bedroom town houses (from £188,711/ €213,134) and three bedroom villas (from £220,141 / €248,632), each available with individual courtyards, stunning roof terraces and a private pool with stunning views.
Tunisia
Though also in Northern Africa, Tunisia offers something different for the seasoned traveller, with a property market in its infancy for foreign buyers due to relatively new legislation to allow and encourage foreign ownership of property in the country. Tipped as one of the top emerging property markets, Tunisia is taking its stance firmly in the global limelight, and this is set to further increase in coming years. The Global Competitiveness Report 2008-2009 ranked Tunisia the top African country when looking at a number of factors including infrastructure, health and primary education, technological readiness and financial market sophistication, making looking to the future bright for the country and in turn for those looking to invest in property. Not only this but the newly signed Open Skies Agreement which will allow European, American, Canadian and Arabic airlines to operate freely in Tunisian airspace, along with the construction of a new airport at Enfidha on the Gold Coast, all point towards a predicted significant growth in the numbers of those visiting Tunisia.
Steve Worboys, MD of emerging property market specialists Experience International, agrees,
“The Tunisian government are now very keen to encourage foreign investment in property and also in turn to grow Tunisia’s established tourism industry. This is therefore a fantastic time to buy either a holiday home or an investment property in the country, with rental income and property prices set to grow in the coming years and the Gold Coast is one region where we foresee an increase in both its tourist and property markets over the next few years.”
The Dunes at El Kantaoui is an exclusive resort located next to a private white sandy beach on Tunisia’s Gold Coast, between two of the country’s busiest airports and offers on-site world class Thallasso Spa facilities including Turkish baths, sauna and beauty and massage treatment rooms. The resort boasts studio, one, two and three bedroom apartments, with prices starting at just £20,646 / TND$40,531 for a studio.
Egypt
If historical significance, cultural splendour and a slightly more established property market is more your thing then perhaps Egypt should be your destination of choice. The warm desert climate and luxurious properties being built at reasonable prices have meant that Egypt has positioned itself as a popular holiday destination, with the ABTA 2009 Travel Trends Report recognising the country’s magnetism,
“As recession bites in the UK and consumers look closely at their budgets, Egypt will keep popping up as a good bargain option. For the past few years holidaymakers have been drawn to the country’s Red Sea resorts… attracted by the promise of good weather within a five-hour flight of home, top-class hotels and bargain prices.”
As ABTA have recognised, the Red Sea is one area specifically that is witnessing significant growth in its tourism prospects and it is here that Veranda is located: an exclusive gated resort set on a long white sandy beach with crystal clear waters. The resort boasts stunning views as well as a wide range of excellent facilities that include swimming pools with waterfalls, tennis courts, a luxury spa, gym and restaurants. Well-situated to take full advantage of the burgeoning tourist market – which the World Travel and Tourism Council predicts will grow Egypt’s GDP by 5.8% annually over the next 10 years – Veranda is just 15 minutes from Hurghada International Airport. Exotic gardens surround the properties which range from studios, one and two bedroom apartments to three bedroom townhouses and four bedroom villas, with prices starting at £39,690 / €44,827 for a studio.
Botswana
If instead it is more of a lifestyle investment that you are looking for, and ecological and ethical returns are of significance, the bushlands of Botswana may well hold the answer. This more southerly country is a truly different corner of Africa and in turn holds a wealth of unique and extraordinary wildlife that is bound to amaze and to enrapt and it is also here that a balance of tourism and environmental responsibility is being closely worked on by the government, with Minister of Environment, Wildlife and Tourism, Honourable Onkokame Kitso Mokaila having commented,
“Travel & Tourism will contribute enormously to the country’s economy and we are committed to running a conscious campaign to publicise the strategic role and benefits of tourism in order to stimulate a more positive perception to the wider public.”
The Limpopo-Lipadi Game and Wilderness Reserve is one project that is setting the standard for this mix of environmental awareness and eco tourism in Botswana. Covering an expanse of over 80,000 acres, the reserve offers a unique investment opportunity to become part of this project that aims to educate and enrich through working to a strict ecosystem and conservation model. Visit Botswana, become part of the decision-making process surrounding the reserve, learn about the country’s unique species through local knowledge courses, sleep in game hides or tree platforms and even train to become a game ranger, the Limpopo-Lipadi Game and Wilderness Reserve will broaden your horizons and teach the wide variety of experiences that Africa has to offer.
Not only this, but the award-winning Limpopo-Lipadi Game and Wilderness Reserve also offers a unique financial investment opportunity, as Alan Marneweck, founder and share holder of the reserve comments,
“The exclusivity of Limpopo-Lipadi is reflected in the amount of shares available and this is an appealing feature to those who are looking for a unique investment… Another development in the area has seen returns of 300% over 5 years so capital gain on your investment is achievable.” This combined with the fact that Botswana has been tipped by the World Travel & Tourism Council over the next ten years to see “annualised real growth of 5%, exceeding the average for both the world and sub-Saharan Africa” means that the Limpopo-Lipadi Game and Wilderness Reserve is an all-round excellent investment choice – both ethically and financially. Entry level investment is $195,000.
 
For more information on investing in Morocco, Tunisia or Egypt contact Experience International on 0207 321 5858 or visit www.experience-international.com.
 
For more information on investing in Botswana contact Limpopo-Lipadi on 0871 244 5152 or visit http://www.limpopo-lipadi.com.

Invest in Egypt for a Fraction of the Cost!

by Charlotte Ashton Egypt

 

The Telegraph and the Guardian newspapers recently ran stories about the dramatically rising popularity of Egypt as a holiday destination among Britons. The rise has been attributed to a unique combination of factors such as the amount of investment the nation has consistently been ploughing into the upgrading and promotion of its tourism product, and the fact that Egypt lies firmly outside of the expensive eurozone. The Foreign Office and ABTA have jointly reported that there has been an increase of almost 40% in the numbers of Britons choosing Egypt too, proving that this is a country with a rapidly advancing tourism market.
Tourism in Egypt has become a leading sector for the nation’s economic development, and as a result the authorities are working closely with the private sector to ensure that everything is in place to advance the appeal of the industry. So far this year they have announced that tourism businesses will not have to contribute the usual fee that goes towards international promotion of Egypt, this is to ensure that all remain profitable if the global economic situation has an impact on Egypt. Meanwhile, the country is continuing its heavy international promotion with the launch of ‘Visit Egypt 2009’ in India for example. Egyptian tourism officials believe that soon-to-be-released statistics will show almost a 20% increase in visitor arrivals in 2008 compared to 2007, and the World Travel & Tourism Council predict that Egypt’s Real Travel & Tourism activity growth over the next 10 years will average at least 7%.
Clearly these are all signs that the time is right for a closer look at what Egypt has to offer the property investor and real estate consumer, because where the tourism market leads, so a nation’s property market tends to follow. Naturally as an emerging destination the nation’s property market was starting from a very low level price-wise, and this has been helped by the fact that properties are not sold in euros. The property market has been further boosted by the increase in cheap flight operators arriving in Egypt, by the improvements in transparency in the ownership process and because of the potentially strong rental and capital appreciation returns. In a bid to further fuel interest in the market, Egyptian developers have been particularly aware of the need to diversify the methods by which purchasers can make an entry into the market as well. This has led to the most astute developers considering fractional ownership schemes.
Fractional ownership is a legal framework that allows for the division of ownership of a property into shares, with shares being sold at a greatly reduced price compared to the full ownership cost. Someone who therefore buys into a fractional property actually purchases a specific right to use that property for a fixed period of time annually, but at a much cheaper price than if they had to buy that property outright and maintain it. Buyers have the advantage of owning a stunning home abroad for the period of time that suits them, and having a home that is fully managed by a professional team year round; meaning that the owners arrive for their fixed weeks’ occupancy to a property that is clean, properly maintained and ready for their occupancy. This particular method of purchase is increasing in appeal internationally, with a report in the Telegraph highlighting how the trend initially grew in appeal in America and has now become hugely popular on this side of the pond. Buyers benefit from the fact that when they are not using the property they are not paying for it, yet at the same time the property remains well looked after and in a pristine condition, ensuring that the underlying value of it, and in turn the owner’s share of it, can rise in line with market conditions.
Not all developments are accepted for fractional ownership approval however, a development has to be high grade and one fractional ownership consultancy admits to having to turn down 85% of applicants because their developments and sales personnel are just not appropriate for the model. Therefore the Palme Royale five star resort near Hurghada in Egypt, which will be managed by a leading Swiss hotel chain, had to prove itself in order to become one of the premier fractional ownership offerings in Egypt. This development stands head and shoulders above many others because of its superior properties and the amenities it boasts such as a private shopping mall with designer outlets, five star restaurants, health spa and beachfront setting. Properties available for sale include apartments, townhouses and hotel suites from £65,378 and Experience International has not only secured the right to sell these properties on a fractional ownership basis but at 10% discount on pre launch prices. For more information please contact Experience International on 0207 321 5858 or visit www.experience-international.com.

Positive International Property Market Predictions for 2009

by Charlotte Ashton Bulgaria Cape Verde Egypt Tunisia

The financial landscape in 2008 has been dominated by dramatic declines on stock markets and currency crashes; this has resulted in instability in many nations’ economies as the very fundamentals upon which stable economic practices are built have been undermined. In the UK we’re living in a state where inflation is rising, interest rates are falling, our currency is declining in value and property prices are stagnating. All in all this presents a pretty bleak backdrop for would-be real estate investors, as well as for those hoping to get on the property ladder. Conversely however, in certain specific corners of the world, there are positive predictions for key property markets in 2009.

If you’re wondering how you can invest your money wisely in 2009, in an asset class where there’s not only the real potential for growth but where there’s the possibility of earning an income from your investment to boot, or if you’re looking for an alternative way to get on the property ladder in the UK if your chances of securing a mortgage in the short term are limited, the news that there are certain affordable property markets around the world built upon solid investment fundamentals is very welcome indeed. 
According to Agence France-Presse, one nation where there is intense international investment commitment supporting a construction and real estate boom is Tunisia. In a recent report the news agency highlighted the fact that the government´s pledge to change the law to allow foreigners the right to buy freehold property in the North African country has brought corporate investors and real estate developers from locations such as Dubai and Bahrain. Steve Worboys, MD of Experience International comments:
“The nation’s proximity to Europe, its increasing accessibility and underlying political and economic stability are supporting this level of investment commitment, and for an individual buyer looking for their own reasons to enter the property market in Tunisia, the nation’s tourism potential really makes it worth closer inspection.  According to the World Travel and Tourism Council (WTTC), the next decade will see strong consistent annual gains in terms of activity growth of around 4%. This is because the nation’s government and private sector investors are committing to a massive overhaul and diversification of the tourism product in Tunisia, and there is a national plan for the international promotion of tourism in Tunisia to 2016.”
Experience International handpick property development projects for their sagacious base of investors, and in Tunisia they have chosen The Dunes at El Kantaoui as being of maximum interest and potential for 2009 and beyond. The attractive low-rise apartment development has a beachside setting in a prime residential area close to Port El Kantaoui, and it boasts all the facilities one associates with the very best investment property projects such as a 36-hole golf course, a marina, restaurants and world-class spa facilities.  Prices start in the region of £20,000 for a studio apartment making this an ideal entry-level investment.
The second market that’s making the headlines for 2009 in terms of positive potential is Egypt. Steve Worboys comments: “here the WTTC are predicting annual gains of up to 7% for the next decade thanks to the intensive investment that the tourism market is enjoying. For would-be investors this is excellent news, and according to a report in Homes Overseas magazine, favourable tax rules are another reason that investors are being drawn to Egypt. The Jones Lang LaSalle Global Real Estate Transparency Index has placed Egypt in the 10 most improved countries around the world, and we’ve identified a particularly interesting project for our investors. Oasis Marina in Hurghada is located on its own private Red Sea beach, and it boasts excellent facilities such as a range of swimming pools, a spa, diving and aqua centres and a children’s club.  The development is apartment based making it ideal for jet-to-let investors for example, and prices start from just £35,873.”
Andy Parkin, an accountant from Canvey Island chose to invest an inheritance windfall at the Oasis Marina development, and he not only benefitted from a significant discount for purchasing his property with cash, but because he bought through the Experience International investment team, they negotiated him a 5 year guaranteed rental income as well as guaranteed personal usage of the property for 12 weeks. He explains why he chose Egypt: “this purchase has the element of investment that I was looking for, in Egypt there is the potential for future tourism growth thanks to the 10 year plan that the government has in place and the fact that the government is inwardly investing in their country is something to watch as is Egypt’s position as an emerging market.” 
Cape Verde is the third market under the spotlight for investors looking for the next big thing in 2009. Dubbed “the hidden Caribbean” by a Lonely Planet writer, this archipelago of beautiful sun-kissed islands enjoyed annual tourism gains in the region of 15% between 2004 and 2007 according to a report on the Assetz website, and the WTTC are predicting annual increases of up to 6% in the next decade. As the accessibility of the country and its tourism product develop, so it has been recognised that the potential for investment property bought in prime locations across the islands is immense. Steve Worboys is of the opinion that:
“We are only just beginning to see the tip of the property investment iceberg in Cape Verde, the predictions for this marketplace are exceptional both in terms of capital appreciation and year round rental returns. We have hand picked a prime development in the best location for our investors’ interest, namely the Dunas Beach Resort on Sal. It encapsulates the best of both worlds combining frontline sandy beaches on one side, and frontline golf on the other.  Located just a short walk from the centre of Santa Maria where there is an extensive array of beach clubs, bars and restaurants, this exclusive resort is set within lush community gardens and all apartments and villas have amazing tropical views.  The on site facilities include a commercial centre, a spa, pools and gymnasium. This is a high-end resort of maximum appeal and apartments start from £71,452 and detached villas from £214,456.
The final market that has made a comeback for 2009 is Bulgaria – and more specifically the winter sports resorts that the nation is becoming increasingly famous for. According to a report in the Daily Telegraph, Bulgaria’s ski resorts such as Borovets are among the most affordable and therefore popular for Britons. And with the credit crunch and high inflation squeezing all pockets in the UK, the affordability of Bulgaria makes it highly enticing. Samantha Emery from Watford chose Bulgaria for her investment property purchase for the following reasons: “I didn’t have enough money to buy a house in the UK so I decided to buy a flat in the UK and an apartment in Bulgaria to help me save to buy a house in the future. The property I bought at the Pirin Golf and Country Club in Bansko is an investment through which I gain my profit from renting – in all honesty I cannot see how the Pirin Golf and Country Club will not succeed in making me money, after all it is a 5 star development in a prime location in one of the best ski resorts in Bulgaria!”
Samantha bought her property through the investment team at Experience International who currently have another stunning development available in the Telegraph’s ‘favourite of Borovets. Steve Worboys sums up its appeal: “Borovets Gardens is a luxury, gated studio and apartment resort set in a stunning pine forested mountain location. It has first class facilities such as a fitness club, sauna, restaurant and bar, and properties start from as little as £39,041. This means that this development is highly desirable with would-be tenants because of its location and superior facilities, and because entry level pricing is so attractive, the yields that investors can potentially enjoy are likely to be very handsome indeed.” 
For more information about any of the property investment hotspots highlighted for 2009, or any of the property developments featured, please contact Experience International on +44 (0)207 321 5858 or visit www.experience-international.com.

Egypt: an Oasis in the Credit Crunch Climate

by Charlotte Ashton Egypt

 

As the world experiences credit crunch, Egypt’s coastal resorts are an oasis in the midst. Low property prices offer investors an affordable entry point and combined with its position outside of the euro zone makes it a very attractive emerging real estate market to consider. Its physical location too means that it is a prime winter sun destination giving the country year round tourism appeal. As the arid credit crunch continues what does this mean for one of the world’s most ancient civilisations?
 
The World Travel and Tourism Council (WTTC) saw a steady growth of tourism in Egypt in 2007 and in a recent report has stated that the expected growth for the travel and tourism economy for the country in 2008 is expected to be 5.5%. Experience International is a leading specialist in emerging property markets such as Egypt. They have seen an increasing number of people taking the step and investing in its strong economy, its stable political system and stable currency. Steve Worboys, Director of Experience International says:
 
“Egypt is a modern state and as a country we have seen it grow as a tourist destination over many years due to its rich history and unique attractions such as the pyramids; now though people are increasingly seeing its potential as a place of investment for both remuneration purposes and the fact that it is a year round holiday destination.”
 
The increase in the number of visitors to Egypt has boosted the country as a whole with the travel and tourism sector seeing rapid growth. The WTTC reports that it expects to see a rise in the number of people employed as a direct result of tourism in Egypt, hitting a record of 1 in every 6.9 jobs by 2018. Currently the figure is 1 in 7.4 jobs with 2,833,000 people being employed in the tourism sector. 
 
In a recent article published on Arabianbusiness.com Ahmed El-Nahas the chairman of the Egyptian Tourism Federation (ETF) commented on Egypt’s current position: “The past couple of years have been very positive for Egypt. We have seen a major increase in tourist arrivals. In 2006, we had over 9 million tourists visit Egypt. The plan was an annual increase of 1 million, which was surpassed in 2007 when the arrival figures reached 11 million tourists. The ongoing efforts of the Ministry of Tourism and the Egyptian Tourist Authority will hopefully reap 14 million tourist arrivals by the end of 2008.”
 
It is not just the tourism sectors that have seen positive shifts in position. The Jones Lang LaSalle’s most recent report, Global Real Estate Transparency Index, shows that Egypt is now 59th out of the 82 countries and in the top 10 most improved countries around the world; which is a significant achievement. Its practices, integrity and the opportunities available to investors to get a good deal have all been factors in its move up the table. Steve Worboys goes onto to say: “According to the WTTC Egypt is 17th in long-term growth and as more developers and companies look to invest there we at Experience International expect to see a significant increase in those looking to purchase property.” 
 
As well as Egypt’s continuous economic growth one of its fundamental appeals is its year round visitor appeal. Egypt sees a mere 80mm of rain a year and even the winter temperatures stay around a very comfortable 22c to 31c. The sea is also still warm during the winter months which is good for the thriving water sports that resorts such as Oasis Marina in Hurghada host. Located in the fast developing Al Ahyaa district to the north of Hurghada, just 3km from the luxury resort of El Gouna, famed for its lagoons, marina and PGA Championship golf course Oasis Marina is situated on the Red Sea Riviera with 50,000 metre squared of beach front. Steve Worboys concludes: “With a diving and aqua centre, beach club and state of the art spa centre Oasis Marina boasts fantastic facilities in a thriving area.”
 
As the UK dries up in financial uncertainty springs are forming in the Egyptian property market and this is something that Andy Parkin an investor in Oasis Marina testifies to: “I first visited Egypt back in 2005 and was intrigued by the culture and history of the country. I found the people really friendly and I bought a book that not only expanded my mind on the country as a whole but gave me a good overview of the potential the country has as an emerging market.” Andy goes onto say:  “The fact the government are investing inwardly is a good sign to me that the expansion of the tourist and property market is no short term plan. I look forward to using the property myself as well as reaping the rewards in making such an investment.”
 
Andy purchased a 2 bedroom villa through Experience International and was able to buy his property in cash due to an inheritance which meant he could take advantage of a cash rate discount. Andy bought his property for £58,500 and really looks forward to using it with his family and friends when the property in completed in December 2009.
 
For more information on Egypt and Oasis Marina in Hurghada contact Experience International on 0207 321 5858 or visit www.experience-international.com.
 

Buying in Egypt – It’s No Pyramid Scheme!

by Charlotte Ashton Egypt

 

According to Steve Worboys, MD of property investment experts Experience International: “the loose definition of an ‘emerging market’ in property terms is a real estate market that has yet to be tried and tested, where there is an element of risk hopefully offset by positive fundamentals for the potential of growth in terms of demand for property and the underlying value of land and real estate.”  This possibly makes Egypt one of the most promising emerging markets in the world then! 
 
In Egypt the emerging property market is being built on the tourism industry, the risk comes in the form of the nation’s once unstable economic past, the positive fundamentals for growth are centred on tourism, accessibility and the increase in interest in Egypt as a second home location, and so far, everything is stacking up in Egypt’s favour, but can this attractive situation last?
 
Taking the element of risk as the starting point for the analysis of whether Egypt will remain a positive property investment location, there has been a strong upsurge in the nation’s exports of oil and gas, revenues from the Suez Canal are soaring, and growth in the tourism industry is booming.  This all adds up to one thing, a sustainably strengthening economy according to the International Monetary Fund, that has stated that “the Egyptian economy will continue to grow at 7-8 percent” making it one of the fastest growing in the Middle Eastern Region.  In terms of the property market in Egypt as it stands today, according to the nation’s Prime Minister investment activity is up 40% that has helped increase foreign direct investment into the nation to over USD 10 billion. 
 
Looking at the positive fundamentals required to ensure Egypt remains on track as a highly successful property investment location, one only has to look as far as the tourism industry.  It’s a fact that the country is seeking to diversify its economy through tourism and real estate – with increased tourism comes demand for short-term rentals which fuels a fly-to-let property investment culture.  Also with increased tourism comes a growing awareness of the fact that Egypt is one of the shortest haul destinations for Britons and mainland Europeans who want year round sun, making Egypt an increasingly attractive choice for second homes and retirement properties. 
 
But is all this just theory?  Not according to a report from the United Nations World Tourism Organisation (WTO) that indicates that Egyptian tourism figures for 2007 rose by 20%.  According to the World Travel & Tourism Council (WTTC) tourism is now on target for up to a 7% annual increase over the next decade, the Tourism Minister has a plan in place to attract 14 million visitors by 2011, and a new initiative targeting Asia, Europe and North America is expected to ensure a doubling of tourists by 2015.  Enabling this increase in arrivals in the fact that Egypt’s airports are now open to low cost carriers with Jet2holidays being the latest to announce cheap flights from the UK’s Leeds Bradford International Airport to Sharm el Sheikh for example. 
 
But does Egypt have lasting appeal and will it experience repeat visits, or is it a one-visit wonder?  Well, the nation’s currency is cheaper in relation to the pound than the euro which has resulted in Cheapflights.co.uk recording a 50% increase in flight searches for the resort of Sharm El Sheikh this year compared to last for example.  Then there’s the fact that Egypt is blessed with an exceptional climate, unrivalled history and culture, stunning beaches and increasingly attractive resorts into which millions of pounds worth of public and private investment is being ploughed for the enhancement of amenities for visitors and the improvement of facilities for residents.  It seems more than likely that Egypt therefore has lasting appeal!
As is abundantly clear then, the fundamentals are in place for the annual 25% capital growth being enjoyed in certain parts of Egypt as well as rental yields in double figures to last as Egypt continues to develop and emerge as such a hot overseas property prospect.  One of the latest property developments proving highly popular and attractive with both home seekers and investment purchasers is the Pyramids 2 resort in Hurghada.  Comprising studio, 1, 2 and 3 bedroom apartments, this development – which is located close to an international airport and a PGA professional golf course – has the best array of onsite amenities such as tropical gardens and swimming pools, it is located just steps away from the Red Sea and from pristine beaches, and with prices starting at just £15,000 is it any wonder that interest is so intense and the development is selling out so fast? For more information please contact Experience International on 0800 612 0901 or visit www.experience-international.com.