Does the Red Sea represent a pharaoh bargain for buyers? - Mortgages, Money - The Independent
Egypt is a country of extreme contrasts.
You have the timeless quality of the Sphinx and the Pyramids and the manic hustle and bustle of Cairo, Africa's biggest city. You have the sweltering heat of the Sinai desert and the cooler climbs of the east Egyptian mountains. But for most British property buyers, Egypt means one thing – the Red Sea. Massive developments in the Sharm el-Sheikh region, the Red Sea's premier resort, have propelled Egypt into the first division of overseas property buying destinations. It may not have the cachet of the Caribbean, the glamour of the French Riviera or the accessibility of Spain or Portugal, but there are reasons why Egypt appeals.
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