London, United Kingdom (PressExposure) November 14, 2008 -- Uncover Egypt are a leading overseas property agency specialising in offering the latest Egyptian property at discounted rates and have access to amongst the largest number of Hurghada property deals available to UK buyers. Hurghada property in the Khamsin Resort for example starts at as little as Â£18,908 though this discount only applies until the 1st December.
Amanda Clarke, MD of Uncover Egypt states that: "Whilst our own property market in the UK is stagnating, property sales in Egypt are increasing with many buyers taking advantage of the low purchase costs and tax benefits that are associated with buying property in Egypt. We are also seeing more people buying property in Hurghada especially as a relatively low cost investment with the aim of capitalising on the continued development of Egypt as a tourist destination and as an attractive place to live."
Hurghada property is especially desirable in Egypt because of its low prices and the resorts reputation as an excellent destination for water sports such as sailing, diving, snorkelling and sea fishing. It is also popular amongst the young for it nightlife
The Government in Egypt is striving to create and promote investment incentives for potential buyers and are also making things like the freehold ownership of buying property in Egypt easier to acquire for overseas property buyers. As the procedures for buying property in Hurghada and the rest of Egypt continue to improve, so the appeal of the region and country increases and this is having a direct bearing on property prices. A property investor wishing to purchase property in Egypt right could be buying into a prolonged period of growth. Press Release Submission By PressReleasePoint