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Winkworth moves into Egypt’s property market
Country: Egypt
8 May 2008
Estate agent, Winkworth International, has expanded its operations into the emerging Egyptian property market.
The company will focus on marketing properties for sale along the popular Red Sea Riviera, which it believes will appeal to both investors and second homeowners. It anticipates that average property prices in the region will appreciate by around 70% over the next three years and believes that a net annual rental yield of 5-7% is achievable.
The first development to be marketed by Winkworth International is Azzurra Sahl Hasheesh, which borders a golf course. The scheme consists of a selection of over 100 one- to three-bedroom apartments, and offers elevated views over nearby mountains and desert.
Matt Glazier, head of Winkworth International Developments, told Homes Overseas Online: “We are always looking to offer our customers high-spec properties in territories with a strong tourist industry so Egypt was an obvious next step for us as a business. Steeped in culture, Egypt not only boasts a wide range of leisure facilities but also reasonable travel times from Europe and beautiful weather all year-round.
“With tourism in Egypt growing in proportions never seen before, there are incredible financial incentives available for British buyers – not least because property prices still remain unbelievably low. Foreign investors are also well regarded by the government and as such property laws are more streamlined than other territories making the purchase process even simpler.”
Some properties in Egypt
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Price: £3,999
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Type: Apartment
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Bedrooms: 1
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Superbly Located within the beachfront and self-contained grounds of the Tropicana Sea Beach hotel complex, the NUBIA SHARM RESIDENCE has everything you could wish for: the privacy of your own apartment, the facilities of a 5* hotel, roundthe dock
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Price: €6,105
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Type: Studio
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Bedrooms: 1
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Following on from the phenomenally successful Tiba Towers 2 (one of Hurghada's fastest-selling development in 2010) and its sister development, Tiba Heights, comes the developer's latest and most luxurious project to date - Tiba Palace.220
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Price: £6,570
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Type: Apartment
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Bedrooms: 1
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Just Released Fantastic Value studios, 1-bed and 2-bed apartments in Hurghada. Unbeatable prices!
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Price: €6,913
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Type: Apartment
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Tiba Paradise is the sixth development in the incredibly successful Tiba series of projects in the fast-growing Al-Ahyaa area of Hurghada and is eagerly awaited by thosewho missed out on getting their perfect apartment when the developers last
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Price: £7,317
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Type: Apartment
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Bedrooms: 1
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We thought when we launched Tiba Towers 2 and Tiba Heights a short while ago that we had found the best value for money developments in Hurghada. But we were wrong. Isida beats them both.
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Price: £7,500
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Type: Apartment
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COMING SOON - The latest of the Tiba Developments. Tiba Resort is going to be the largest of the Tibas and beachfront. The development is set to be launched very shortly with a predicted completion date of March 2014.
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Price: £10,142
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Type: Studio
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Bedrooms: 1
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Tiba Garden is coming to be a fourth sister in 'TIBA'S' family of resorts development to continue the incredibly successful family which is located just a front of TIBA TOWER2 project.
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Price: $10,356
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Type: Studio
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Anyone who has looked through Hurghada's options for affordable, best value developments is sure to quickly come across the Tiba developments in El-Ahyaa - Tiba Towers 2, Tiba Heights, Tiba Palace and Tiba Garden.
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Price: £688,000 Bedrooms: 4 Bathrooms: 3 Beachfront: 15 mins from town centre, 800sqm furnished villa with ground floor terrace, aircon, pool.
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