The past three years have seen considerable changes in the overseas property industry, as the global economic climate brought upon us an economic whirlwind of events which have arguably changed the way we view overseas investment in the future. Movements away from the more traditional Euro-zone destinations have been coupled with a shift towards the new and emerging markets such as those of Egypt and Turkey, where strong economic performance offer the potential for considerable long term returns. Today, we take a look at Egypt were the new progressive economic policies have resulted in large-scale investment in property from overseas buyers.

The Egyptian property market has developed at an almost unparalleled rate over the course of the past three years, predominantly on the back of a huge increase in tourist visitors to the country from destinations including the UK, Russia, Germany, France and Scandinavia. Large-scale investment in tourist infrastructure, particularly throughout the more popular Red Sea resorts, is today beginning to pay dividends as increasing numbers of visitors travel to destinations including Sharm El Sheikh, Hurghada and Marsa Alam.

With many people now seeing Egypt as their favoured investment destination in 2011, many people are now asking themselves where is the best place to buy property in Egypt, and where will offer me the best long-term returns on investment? In order to answer this question, it is important to look at the individual destinations and their relative merits, particularly with a view to the impending investment which is likely to come over the next 5 to 10 years.

The Egyptian tourism industry has seen considerable success over the past five years, however it could be argued that this growth has been particularly focused around the Sharm El Sheikh area, on the southern tip of the Sinai Peninsula. This beautiful, and increasingly popular resort has seen substantial investment at the federal level in recent times, and with talk of a second runway at the international airport now taking place, it seems likely that this investment will continue in the near future.