Egypts climate is good all year round with the North Coast and delta regions influenced by the Mediterranean climate and subtropical climate in the south.The long hours of sunshine and an average daily temperature of 21.9C (Cairo) makes it the perfect destination for sun seekers. Its popularity as a tourist destination means that there are regular flights from the UK to Egypt, less than 5 hours flying time from most of Europe. With the Egyptian government actively promoting the buying of property in Egypt, even changing some of its residential tourism laws to make it easier for foreigners to buy property there, it is unlikely that Egypt will remain a relatively unknown destination for too much longer. More overseas purchasers are already buying property in Egypt. The Egyptian real estate sector has recently experienced a substantial growth, partially stimulated by relatively strong demands from expatriates and foreign nationals to purchase properties in Egypt. Traditionally, the overseas property market in Egypt has been concentrated in and around El Gouna, a resort about the same size as London located on the Red Sea coast some 600 kilometres south of Cairo, the capital. Property prices have already gone up in the past 12 months as have land prices – by as much as 60 per cent in some areas. Prices are expected to grow by around 15 per cent in the coming months as Egypt starts to become better known in property circles.
The first residential resort to be built in Luxor on the banks of the Nile