A growth in dive tourism is boosting demand for Red Sea property in Egypt as real estate investors seek to get involved in buy to let potential, it is claimed.
Egypt’s Red Sea coast is regarded as one of the world’s finest diving destinations and dive tourism has been identified by the World Tourism Organisation (UNWTO) as one of the fastest growing tourism sectors.
Its crystal clear waters, sheltered bays, pristine coral reefs and protected areas such as Ras Mohammed National Park, 19 miles from Sharm El Sheikh, Egypt’s Red Sea coast draws millions of divers each year from all over the world many of whom go to complete their PADI (Professional Association of Diving Instructors) training. It is estimated that 600,000 new PADI divers are certified each year, representing annual growth of 6%.
Steven Worboys, a diving enthusiast and managing director of Experience International, which markets over 5000 premium properties along the Red Sea coast, has seen an increase in interest from property buyers and points out that one bedroom apartments start at