Easley, SC (PRWEB) July 19, 2008
Egypt continues to be a property hotspot as the latest property development from international investment company Propertyshowrooms.com reveals.
Egypt's east coast is regarded as one of the world's most fascinating archaeological locations, and is a magnet for deep sea divers looking for treasure dating back to the time of the Pharaohs. However, you don't have to go to those lengths to make a sound financial investment!
Worldwide property investment company Propertyshowrooms.com is pleased to unveil a fabulous project within Sahl Hasheesh, a huge new resort on Egypt's Red Sea Riviera, and one of the world's most ambitious developments.
"You only have to look at the scale of the overall resort," explains Mark Wilson, Product Acquisition Manager for Propertyshowrooms.com. "It's a massive new complex with an estimated 32 million square metres of land earmarked for development. So it's a huge resort, and our project, called Paradise Gardens, is part of that."
The project itself features some panoramic Red Sea views and consists of studios, one, two, and three bedroom apartments, and three or four bedroom townhouses, ranging from just under 48,000 GBP to just over 348,000 GBP, all featuring top class specifications, including ceramic flooring, marble bathroom surfaces, granite kitchen worktops, communal swimming pools and lagoons.
Also on site will be several marinas, eight 18-hole golf courses, other sports and leisure facilities, shopping, 12 kilometres of sandy beaches, as well as excellent snorkelling and scuba diving facilities. Sahl Hasheesh is located close to the international airport at Hurghada, with flights to and from several locations across Europe, including UK cities like London, Manchester, Birmingham, and Bristol.
"The units in Paradise Gardens are just 20 minutes from an international airport, so when it comes to the all-important factor of accessibility it really is a great location, which is great for holiday-makers," says Mark Wilson.
And for those holiday-makers the area has a very warm climate, but with a steady cooling breeze due to its coastal location. The average daily winter temperature is 17ºC, spring 23ºC, summer 30ºC, and autumn 25ºC. This excellent climate makes it ideal for investors looking to rent out their newly-purchased properties. Rental yields of approximately 7% per annum are being predicted, with rental management facilities in place before completion.
All these factors add up to an extremely attractive and very real investment potential. And of course, there's always the draw of the sunken treasure…! "There are sunken temples and the like in this region," smiles Mark Wilson. He continues: "It's now incredibly popular with diving enthusiasts out in the Red Sea and this particular reef is proving to be of particular interest…"
Propertyshowrooms.com is the leading web resource for worldwide real estate, for homebuyers and property investors alike.
The company works in partnership with the International Property Investment Network (IPIN). IPIN is a free service, which provides its members with a choice of only the most outstanding international property developments.
All IPIN properties have undergone a rigorous and painstaking selection programme, which ensures the best investor potential and that all legal safeguards are in place.
For more information on IPIN please visit