Egypt… This country has always been an interesting holiday destination for its sights and history. However, interest to Egypt as a holiday destination is growing within each day. This is explained by several factors. First of all, it is low prices for excellent holiday property. More over, the Red Sea Coast offers real estate market that is raw at the moment and offers really good opportunities to investors. In 2004 there passed a new legislation that allowed to non-Egyptians to buy property in Egypt.
Due to its geographical position Egypt enjoy summer all year round and washed by the waters of warm Red Sea. Besides, in this country one can find a great number of historical sites and see the wonderful rich marine life of the Red Sea. Nowadays over 9 million tourists visit Egypt per year, however one of the main aims of the Egyptian government is to increase this number up to 14 million by the year 2011.
Coastal tourism in Egypt has become very popular. It is planned to open many integrated resorts along the coastline that will offer everything from luxury vacation rentals up to spa and golf resorts. And it is not only the aim or just a dream. Everyone know the famous Pyramisa Beach Resort in Sahl Hasheesh that is under construction now.