Sharm El Sheikh Property

Sharm-el ?Sheik is a desert dream and a diver?s paradise, easily accessed by an international airport, the settlement is situated at the tip of the Sinai peninsular, where countless ships have come to grief, many of their wrecks still awaiting exploration. Access to the open sea allows diving among barracudas and turtles at the ever-popular The actual, living burning bush of biblical fame is at St Catherine?s Monastery and the oasis of the Bermuda grass 18-hole course, with its palms and exotic birds, is just 5 km away.

Sharm-el-sheik is not only one of the most beautiful places in the world to live, it is eminently affordable. The cost of living is well below that of most European cities and exchange rates are high against the Egyptian pound, petrol, for example, costing an incredible 12 pence a litre. The property boom has led to a great deal of competition and an apartment in a four-star complex can be obtained for under £19,000. Prices for off-plan projects such as those at Nabq have been rising by over 30% annually. Many buyers leave their properties in the hands of resort managers, who can ensure lucrative rental returns during owner absence.

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