Why are Europeans buying property in Hurghada?
Hurghada has become one of the most popular overseas property destinations for European buyers. Understanding why reveals the fundamental strengths of the market. Affordability is the primary driver. A beachfront apartment in Hurghada costs a fraction of similar properties in Spain Greece or Portugal. A one-bedroom apartment with sea view starts from 40,000 EUR compared to 200,000 EUR plus in most European coastal towns. Climate with over 320 sunny days per year is a major draw for Northern Europeans. German retirees escaping cold winters British families seeking affordable holidays and Scandinavians wanting reliable sunshine all find Hurghada appealing. Accessibility with low-cost direct flights from most European cities in 4-6 hours makes Hurghada closer than many realize. Weekend visits and regular stays are practical and affordable. Rental Income with growing tourist numbers means strong rental yields of 8-15% compared to 3-5% in most European markets. Cost of Living as retirees and long-stay visitors can live comfortably on 600-1000 EUR per month. Quality of Life with excellent snorkeling diving beaches golf restaurants and a growing international community. European Buyer Communities: Germans are the largest European community. British buyers are growing rapidly. Polish Czech and Russian communities are well-established. Scandinavians are an emerging buyer group. Contact MAMO Property at +20 11 52980998 for European buyer services.
