What Does “Affordability” Mean for Living by the Sea in Hurghada?

Home What Does “Affordability” Mean for Living by the Sea in Hurghada?

What does 'affordability' mean when living by the sea in Hurghada? We explore prices, housing options, and expenses to help you understand how comfortable and cost-effective coastal living can be.

When we talk about the affordability of living on the Red Sea coast in Hurghada, we don’t just mean the purchase price. Affordability refers to a combination of relatively low property prices, a reasonable cost of living, the possibility of installment-based property acquisition, and a favorable exchange rate for those earning in foreign currencies. Hurghada has become one of the most budget-friendly seaside destinations for both investment and relocation.

Why Hurghada Is Growing in Popularity as a Real Estate Destination

Hurghada is more than just a resort. In recent years, interest in real estate in this region has grown significantly, particularly among citizens of Europe and the UK. The Egyptian government is investing heavily in infrastructure development — modernizing airports, roads, and water supply systems — which further increases the city’s attractiveness as a place to live and invest.

Comparing Seaside Property Prices in Hurghada and Other Destinations

On average, the price of beachfront apartments in Hurghada ranges from $650 to $1,600 per square meter, depending on the area (Sahl Hasheesh, El Mamsha, Downtown). This is noticeably lower than in comparable coastal regions of the Mediterranean or the northern coast of Egypt, where prices can start at $150,000 for a villa and reach $600,000 or more.

The Impact of Exchange Rates and Cost of Living on Perceived “Affordability”

The Egyptian pound experienced significant devaluation in 2023–2024, accompanied by a sharp rise in inflation on food, utilities, and daily expenses. Nevertheless, for people earning in EUR or GBP, the overall cost of living in Hurghada remains considerably lower than in their home countries. Renting a one-bedroom apartment in the city center costs from $200–300 per month (6,000–9,000 EGP). With a stable foreign income, expenses remain relatively moderate — even in the context of price increases.

Types of Seaside Real Estate in Hurghada and Their Features

Premium and Gated Compounds

In areas like Sahl Hasheesh, El Gouna, Intercontinental, and Makadi Bay, developers are building villas and serviced residential complexes with swimming pools and private beaches. Prices start from $150,000–300,000 for villas and $40,000–80,000 for apartments. Many projects offer interest-free installment plans for 5–7 years. Note that premium segments may include additional service and infrastructure fees.

Budget-Friendly Options and Apartments Near the Center

Neighborhoods like Al Ahyaa, El Kawther, Magawish, and Downtown offer apartments in the $15,000–40,000 range. These locations are attractive entry points for first-time investors or residents with a modest budget looking to live by the sea.

Practical Examples: How Much Does It Cost to Live by the Sea in Hurghada?

Example Budget for a Couple

According to Hurghadians Property:

  • Rent for an 85 m² apartment in the city center: $203/month, outside the center: $138
  • Utilities: ~$22, Internet: $11
  • Groceries: $90, Dining out: $70
  • Health insurance: $100–150

Total monthly expenses (excluding rent): around $550–650, or $750–900 including rent.

Alternative Budget for a Single Person

Other estimates suggest a monthly budget of approximately €400–450 (~$420–460) for a solo expat, including rent, food, transport, utilities, and insurance. Even with added entertainment or travel, monthly spending rarely exceeds $600.

What “Affordability” Really Means in Hurghada

Affordability in Hurghada means:

  • A low entry threshold: apartments from $15,000–50,000, rentals from $200/month
  • Moderate cost of living: up to $800/month for a comfortable lifestyle with foreign income
  • Favorable EUR/GBP to EGP exchange rate
  • Flexible installment plans
  • Potential rental returns: with smart management and good location, returns of 6–9% annually are achievable

Conclusion

We believe that “affordability” is not just about low prices — it’s about a well-balanced combination of cost, quality of life, and income potential.
Lincom Investments can help you choose the right option — whether it’s a budget-friendly apartment or a premium beachfront project. Contact us for a consultation, property selection, legal assistance, and customized installment plans.

Let’s make your Red Sea dream both accessible and SMART.
— Your team at Lincom Investments

Sources of information:

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