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<h1 class="standardtext">Egypt is a land of ancient civilizations and monumental historical sites. Its history spanning 7000 years makes is probably one of the oldest vacation spots in the world. Early Greeks, Romans and others journeyed here for leisure and to marvel at the wonders of mankind’s earliest triumphs.</h1>
<p>4 ½ hours direct flight from the UK the Red Sea Riviera has fast become a community of mixed nationalities and cultures and is establishing itself as a luxury tourist destination with competitive prices for holidays. The area offers a year round rental season and is already host to a selection of brand name 5 Star Hotels such as Hilton, Marriot and Intercontinental.</p>
<p>The permanent summer weather and leisure activities, including desert safaris, diving and golf, make this the most popular resort in Egypt. With its crystal clear water, untouched reefs and a multitude of ship-wrecks, Hurghada has become one of the most popular diving and snorkeling destinations in the world.</p>
<p>Where the desert meets the sea lies the capital of the Red Sea Governorate, Hurghada, a bustling town, known as Al-Ghardaka in Arabic. Nearby lie the stunning resorts of Sahl Hasheesh and El Gouna, both exclusive destinations offering residents and tourists fantastic views of the desert, mountains and natural lagoons. At the heart of the El Gouna Resort is the Abu Tig Marina, the most beautiful harbour on the Red Sea designed around the spectacular El Gouna Golf Club, an 18-hole, PGA professional golf course.</p>
<p>GDP growth is accelerating in Egypt as is foreign direct investment, while both interest rates and taxes have been cut. One of the elements behind its economic success has been a series of structural reforms, such as the change to the exchange-rate regime in 2003. The Egyptian pound, which had previously been pegged to the dollar, was allowed to float, a move that helped to stimulate exports and foreign investments in the country.</p>
<p>There are no restrictions on real estate purchase in Egypt for foreigners with clear land title available and freehold property. There are no purchase taxes, Stamp Duty, Capital Gains Tax, or Income Taxes payable by investors and property prices are starting in the £20,000GBP region for a sizable 500 sq ft apartment. Mortgage finance is also available.<br>
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