First Book of Egyptian Real Estate and Property Market Published Today

PRLog (Press Release) – Dec 18, 2007 – Nick Pendrell, author and Chief of international property investment portal, Propertastic!, today announced the publication of the first book to be written on the Egyptian property market, ‘Propertastic’s Complete Guide to Hurghada Property and Egypt’s Red Sea Riviera Real Estate - Apartments, Flats, Villas and Houses on the Egyptian Property Market’, released today by MX Publishing.

The author explains, “The Egyptian property market is currently where the market in Morocco was in 2006, or Turkey in 2004. Egypt is just reaching ‘the tipping point’ of going from being an emerging market known only to well-informed semi-professional investors to becoming a mass-market property buying destination, well-covered by the media and considered as a mainstream investment.”

“The benefits of Egypt as a tourist destination are clear to see,” he continues.  “There are few other destinations that are only 4-5 hours by air from most of mainland Europe which have sunshine 365 days per year.  Add to this the fact that Egypt’s Red Sea Riviera has some of the best diving and watersports facilities in the world, and it’s easy to see why visitors to the region are increasing rapidly.”

“Despite all of these advantages, property prices in Egypt are still very low in comparison with the newest of the other developing markets such as Cape Verde and Brazil, and a fraction of equivalent property across much of the Mediterranean, with prices starting from £15,400 (€21,500/$31,800) and frontline beach properties from just £19,950 (€27,850/$41,200).”

Containing over 30,000 words over 108 pages, the Propertastic! Guide gives a general introduction to Hurghada and its immediate surroundings, including Sahl Hasheesh and El Gouna, giving an overview of the current real estate market and general observations about the destination from the point of view of anyone looking to invest in property there.

The introduction includes the following chapters:

Initial Impressions
Flying to Hurghada
Apartment Prices
Finishing
Apartments vs. Villas
Buying Process
Financing
Yields
Living in Hurghada

The report then goes on to look at the different regions of the town, featuring 33 of the main developments that are currently in varying stages of construction, giving details as to their locations, available sizes of apartments, prices and other information of vital importance to any potential property buyer.

Written in an easy-to-read style that assumes no previous international property buying experience on the part of the reader, the author is never shy to give his own personal opinions, highlighting the good, the bad and the ugly of the region and making recommendations as to which developments he thinks are excellent investment opportunities, and which are best avoided.

Priced at £9.99 in the UK and $19.95 in the US, the book is now available from Amazon in the UK, US, Canada, France, Germany and Japan, plus other UK online stores including Waterstone’s, Play.com, Tesco and WHSmith.co.uk.

It can also be ordered from bricks-and-mortar bookstores worldwide by quoting the ISBN: 978-1904312345