With ridiculously cheap property starting from as little as ¤30,000 it's no wonder agents are touting Egypt as one of the key value-for-money destinations of 2008.

For property buyers the country ticks all the right boxes, and then some: year-round sun, sea and stretches of beautiful white sandy beaches and unspoilt coastlines.

Hurghada is the hub and Egypt's fastest growing tourist destination. It has become an investors favourite too. The huge increase in tourist numbers (expected to reach 14 million by 2010) and European carriers flying into Hurghada has created a constant demand for accommodation. Investors are enjoying excellent rental yields while hotels report 85 to 90% year round occupancy. Capital appreciation is also strong.

Foreigners can buy freehold property. There is no capital gains or inheritance tax on property and the buying process is relatively straightforward.

For buyers looking to get on the ladder in Hurghada, Belmore International is selling a luxury hotel development within walking distance of Hurghada town and its sandy beaches.

Suites at Zina Heights start at just ¤39,000 for an open plan apartment to ¤50,000 for sea view apartments. A payment plan spread out over two years is available to buyers and a three-year guaranteed rental scheme is also in place, offering 6, 7 and 8% returns each year.

Belmore International 01-297 3394; www.belmoreinternational.com