The Egyption government is keen encourage investment in the foriegn ownership of property so it was inevitable that the property market would develop, and now second-homers, retirees and investors are the backbone Egypt's property market.

Attracted by the low cost of living and year-round sunshine, many buyers are ditching traditional home buying destinations in favour of Egypt – assured by promised rental returns. Sharm el Sheikh is renowned for its diving, El Gouna boasts a luxury marina and Hurghada has no less than eight golf courses planned – all factors which should keep the accommodation-hunting tourists coming back again and again.

In addition, the sheer youth of the market bodes well for positive capital appreciation, while the tax situation is extremely favourable. All in all, Egypt seems to tick all the right boxes for overseas property buyers.