Month: September 2019

Hurghada property will surely be remembered in history as one of the greatest investments of recent times, and given the current levels of investment throughout the region, it seems as though the next few years will become a defining time for this beautiful part of the Red Sea coast.

Hurghadas tourism industry is still in its infancy; however it is growing at a phenomenal rate, with an increasing number of low cost and budget airlines now offering flights into the new international airport. With property throughout the region is still exceptionally well priced, especially given the increasing demand for tourist accommodation, it is understandable that a large number of overseas investors have purchased in this popular tourist resort.

This rapid expansion and growth being experienced in Hurghada is not without its problems, and with the exception of the international airport, large parts of the surrounding areas are in need of infrastructure investment. However, with the Egyptian government keen to capitalise on the regions growing tourism industry, it is likely that the federal investment in the region will continue for the foreseeable future.

Hurghada is a unique prospect in that respect, because tourism the tourism infrastructure (hotels. Accommodation, resorts) and property investment are all having to grow at the same time, their growth is becoming interlinked. The property investment opportunities that currently exist in Hurghada are very much aimed at becoming a part of the tourism infrastructure, which can only benefit the investors in the long run. Things like apartment hotel investment products, hotel room investments, and resort property investments are all far more common than villas or apartments for sale in Hurghada.

Put simply: because tourism is growing so rapidly, the tourism industry has been forced to work directly with the construction industry.

However, rather than just build resorts to serve the tourism sector, the construction industry players have sought to maximise their revenues. Thus, they are building resorts, and selling the properties within those resorts to earn the first wave of revenues. The properties then come back under their management, which means that they and the tourism industry players get a share of the revenues.

This all sounds like property investors are getting the raw end of the deal, but in reality the opposite is true:
Because of Hurghada’s immaturity it is less common for people to be seeking out their own rental accommodations, they are mostly coming in through tour operators and such like, because that is where the availability is. Therefore, for private property investors to maximise their rentals, it is far better for them to own a managed resort or hotel property than something outside of that system.

Inside the system, the massive tourism growth coupled with the low prices of property is making strong rental yields commonplace in Hurghada. In fact many of the properties currently for sale in Hurghada come with rental yields guaranteed as an integral part of the overall purchase package.

When you say Austria you almost immediately think about winter sports and civilization. These are the best two terms that can perfectly describe this attractive country. Austria is positioned in Central Europe, encircled by Germany, Czech Republic, Slovakia, Hungary, Switzerland, Liechtenstein, Slovenia and Italy.

Austria is one of Europe’s most sought tourist destinations due to its historic cities, magnificent mountain panoramas and superior ski resorts. Along with Switzerland, Austria has been named Europe’s winter sports capital.

A tourist who is interested in seeing Austria should make his homework regarding this country. There are quite a few activities that one could be involved in while visiting this country. There is something for each age and taste.

First of all, people come to Austria for performing a different range of winter sports. Austria offers a great variety of ski resorts that are looking forward to welcome you. It is crucial for Austria to have its tourism industry working as efficient as possible. Therefore, Austria takes full advantage of its winter sports tourists. However, it is important to know that Austrian resorts are mainly medium-sized, in contrast with those in Switzerland and France. This fact has both advantages and disadvantages. What could be a disadvantage for those seeking for a leisure resort, represents a great advantage for the tourists interested in cheaper, cosier and friendlier resorts.

Another attraction that could catch your eyes is the remarkable Austrian cycle touring. There are famous routes that go along the largest rivers. The route between Passau and Vienna, following the Danube, is the most important cycle path in Austria and even Europe. Thousands of cyclists gather here every year during the summer to test themselves.

Austria’s musical heritage draws every year thousands of music lovers from all around the world. In Vienna or Salzburg tourists may entertain themselves by listening to classical music, jazz or world famous operas. During summer, Austria hosts a great range of music festivals, for all tastes and ages. The most important music festival that takes place in Austria is the Salzburg Festival. Beside this renowned classical music festival, Austria proud itself with a wide assortment of other music genres such as folk festivals, pop festivals or rock festivals.

The cinematic culture of Austria should not be neglected. A curious tourist might uncover great things about the Austrian cinema. The most renowned Austrian actor is beyond all doubts Arnold Schwarzenegger, now the Governor of California.

A very influential aspect of Austria is the fact that here people put great importance on respect. You may see that Austrians can be very pushy while in public. People commonly take this as pretty unfriendly. Don’t let yourself be deceived by this; it’s a sign of fairness and formality, two very praised qualities in Austria.

Austria is a great place to visit. If you ever get the opportunity of taking a trip to Austria, don’t wait. Just pack your bags and book a flight to this great country. You will definitely be left speechless by its beauty, its people and its attractions.