In Egypt, estate agents are hoping a new airport terminal at Hurghada on the Red Sea coast, will boost visitor numbers, pushing up the demand for holiday homes. The new 92,000 square metre terminal will increase capacity from 6.7 million to 7.5 million passengers at the airport. Completion is scheduled for 2011.
“The announcement of the new terminal is encouraging for property owners who will enjoy greater access to their own homes as well as capitalising on the opportunity to generate rental income from additional visitors to the area," says Steven Worboys of property company, Experience International.
His company is offering studio apartments for sale from GBP21,000 in Hurghada. Alternatively, potential holiday home buyers can investigate El Gouna (pictured above), an upmarket new town, a 20 minute drive up the coast, which has a number of swanky holiday homes overlooking lagoons.
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