Staying Green as the Skies go Orange
EasyJet is adding new routes on a seemingly daily basis, accelerated by the acquisition of GB Airways for £103.5 million in January of this year, the no-frills airline now has the Canary Islands, Malta, Crete, Corfu, Cyprus, Turkey, Sharm El Sheikh and Hurghada on its 2008 timetable.
Of course the opening of the skies opens up new property markets, Hurghada being one of them, and if your carbon footprint is making you toss and turn, the environmentally sound resort of Sahl Hasheesh is where you may wish to consider investing.
Sahl Hasheesh, literally meaning 'Green Valley' covers 32 million square metres and fronts 12.5km of clear Red Sea, fringed with sandy beaches. Only 15% of the total surface area of the resort will be built up, with the remainder being given over to extensive green areas, water features and natural desert vistas.
Before starting construction works, the developers used the services of Environment Quality International (EQI) - an Egyptian consultancy firm dedicated to providing the framework for environmentally sustainable development.
Their assessment conducted in 1996 mobilised divers, oceanographers, marine biologists, environmental scientists and engineers onsite to carry out the technical investigations. The report illustrated and predicted significant, adverse, and/or beneficial impacts of Sahl Hasheesh and also recommended measures to mitigate, and wherever possible, remedy anticipated adverse impacts.
The Red Sea is one of Sahl Hasheesh's finest assets, one of the best spots for diving in the world, with up to 30 metres visibility, and Jacques Cousteau's favourite underwater playground. No wonder environmental sensitivity is a priority for Sahl Hasheesh. More than 1,100 species of fish have been recorded in its waters, 10% of them are to be found nowhere else on the planet, and these, along with 2,000km of coral reef, are a major draw for diving enthusiasts. With Sahl Hasheesh's help, more and more people will be able to delight in the beauty of the Red Sea while paying it the utmost respect.
On the market in Sahl Hasheesh is the five-star Pyramisa Hotel. Open since April 2007 and enjoying occupancy rates in excess of 85%, the Pyramisa Beach Resort comprises studio and one and two bedroom suites with access to five restaurants, swimming pools, a beach bar and a health & beauty club, set right on the sandy shoreline.
The Resort has a five year 7% rental guarantee, which, despite being gross, has such low service charges of just £5/m² per annum; that the net figure works out to be 6.41% on a studio suite priced from £39,950 (approx. €55,870).
Purchasers have the right to up to eight weeks private use per year, plus, for €35 per person per day, unlimited food and drink. There is also the option to exchange part of that usage in any of the Pyramisa resorts; with six to choose from, including Cairo, Luxor and Sharm el Sheikh.
Click here to read more about the Pyramisa Beach Resort.
Information provided by Purple Cake Factory SL and GEM Estates.
GEM Estates is a real estate specialist company which advises experienced overseas property investors, corporate clients and first-time overseas property buyers, on up-and-coming overseas property markets across the globe.
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© PropertyIndex.com 2008 | Last Updated: 26 March 2008