Released on: December 18, 2007, 3:15 pm

Press Release Author: Nick Pendrell

Industry: Real Estate

Press Release Summary: The first book to be written on the Egyptian property market,
‘Propertastic’s Complete Guide to Hurghada Property and Egypt’s Red Sea Riviera Real
Estate’, has today been released by MX Publishing and is available for purchase from
Amazon.

Press Release Body: Nick Pendrell, author and Chief of international property
investment portal, Propertastic!, today announced the publication of the first book
to be written on the Egyptian property market, ‘Propertastic’s Complete Guide to
Hurghada Property and Egypt’s Red Sea Riviera Real Estate - Apartments, Flats,
Villas and Houses on the Egyptian Property Market’, released today by MX Publishing.

The author explains, “The Egyptian property market is currently where the market in
Morocco was in 2006, or Turkey in 2004. Egypt is just reaching ‘the tipping point’
of going from being an emerging market known only to well-informed semi-professional
investors to becoming a mass-market property buying destination, well-covered by the
media and considered as a mainstream investment.”

“The benefits of Egypt as a tourist destination are clear to see,” he continues.
“There are few other destinations that are only 4-5 hours by air from most of
mainland Europe which have sunshine 365 days per year. Add to this the fact that
Egypt’s Red Sea Riviera has some of the best diving and watersports facilities in
the world, and it’s easy to see why visitors to the region are increasing rapidly.”

“Despite all of these advantages, property prices in Egypt are still very low in
comparison with the newest of the other developing markets such as Cape Verde and
Brazil, and a fraction of equivalent property across much of the Mediterranean, with
prices starting from £15,400 (€21,500/$31,800) and frontline beach properties from
just £19,950 (€27,850/$41,200).”

Containing over 30,000 words over 108 pages, the Propertastic! Guide gives a general
introduction to Hurghada and its immediate surroundings, including Sahl Hasheesh and
El Gouna, giving an overview of the current real estate market and general
observations about the destination from the point of view of anyone looking to
invest in property there.

The introduction includes the following chapters:

Initial Impressions
Flying to Hurghada
Apartment Prices
Finishing
Apartments vs. Villas
Buying Process
Financing
Yields
Living in Hurghada

The report then goes on to look at the different regions of the town, featuring 33
of the main developments that are currently in varying stages of construction,
giving details as to their locations, available sizes of apartments, prices and
other information of vital importance to any potential property buyer.

Written in an easy-to-read style that assumes no previous international property
buying experience on the part of the reader, the author is never shy to give his own
personal opinions, highlighting the good, the bad and the ugly of the region and
making recommendations as to which developments he thinks are excellent investment
opportunities, and which are best avoided.

Priced at £9.99 in the UK and $19.95 in the US, the book is now available from
Amazon in the UK, US, Canada, France, Germany and Japan, plus other UK online stores
including Waterstone’s, Play.com, Tesco and WHSmith.co.uk.

It can also be ordered from bricks-and-mortar bookstores worldwide by quoting the
ISBN: 978-1904312345


Web Site: http://www.propertastic.com

Contact Details: Nick Pendrell
Propertastic!
Farnborough House, Alveston, Stratford-upon-Avon, Warwickshire, CV37 7QZ, UK
nick@propertastic.com
Tel. +44-121-288-5600