The picturesque city of Hurghada, located along the breathtaking Red Sea coast in Egypt, has long been known for its crystal-clear waters, vibrant coral reefs, and year-round sunshine. In recent years, however, it has also become increasingly popular among expats and retirees who are attracted by the promise of an affordable, laid-back lifestyle in a stunning coastal setting. One of the primary factors driving this growing interest is Hurghada’s relatively low cost of living, which allows foreigners to stretch their budgets much further than they could in many other popular destinations. This is particularly alluring for those considering buying property in the city, whether as a holiday retreat or a permanent retirement home.
The cost of living in Hurghada—comprising factors such as housing, food, transportation, health care, and entertainment—remains enticingly low compared to European or North American standards. In fact, Egypt as a whole boasts one of the most competitive costs of living in the world, ranking significantly lower than Western countries. This affordability makes it easier for expats and retirees to maintain a high quality of life without breaking the bank. It’s no wonder that an increasing number of people are choosing to invest in property and call Hurghada home.
Whether you’re interested in buying property for holidays, looking for a comfortable retirement destination, or just seeking a more affordable lifestyle abroad, understanding the cost of living in Hurghada is key to making an informed decision. Join us as we unveil the economic factors that make this Egyptian city a top choice for affordable seaside living.
Housing and Utility Costs: Affordable and Diverse Options
One of the most attractive factors for expats and retirees considering the cost of living in Hurghada is the remarkably affordable housing market. The city offers a wide range of property options for every budget, from opulent seaside villas to modest apartments in residential neighbourhoods. Both rental and purchasing costs are considerably lower than in many other popular expat destinations.
As a rule of thumb, accommodation in Hurghada is generally cheaper the further away you go from the beach and city centre. A one-bedroom apartment typically costs between £100 and £300 per month to rent long-term – this range accounts for differences in distance from the popular tourist areas and the luxury of the amenities provided. Meanwhile, purchasing a one-bedroom apartment in the city can be as low as £35,000
Utility costs, such as water, electricity, and internet, are also quite reasonable. On average, you can expect to spend approximately £30-£60 per month on utilities for a one-bedroom apartment, depending on the time of year. As with housing costs, keep in mind that prices might fluctuate depending on factors like energy consumption and location.
Food and Dining: Savouring a World of Tantalising Flavours without Breaking the Bank
The low cost of living in Hurghada extends to its rich culinary scene. Both local and expat residents will find that their grocery bills pale in comparison to what they might experience in their home countries. A litre of milk, for instance, costs around £0.60, and a loaf of bread is approximately £0.40. Fresh fruits, vegetables, and other staples are readily available at local markets or larger supermarkets. A trip to the grocery store will rarely make a dent in your wallet.
Dining out in Hurghada can be just as budget-friendly, especially if you embrace local eateries and street food vendors. You can easily enjoy a hearty Egyptian meal for as little as £1.50. Of course, there are also a plethora of international restaurants available for those seeking a taste of home or craving global cuisine. Prices at these establishments tend to be higher but still relatively affordable, with a meal at a mid-range restaurant costing approximately £5 – £20 per person or even a 3-course meal from just £12 per person
Transportation: Getting Around at Minimal Costs
Step into Hurghada’s well-connected transportation network, and you will discover that getting around the city is both convenient and cost-effective. Public minibuses, known as microbuses, are the most popular and affordable means of commuting within the city. A single journey on a microbus will set you back just £0.10 to £0.20, depending on the distance. Taxis are also available; however, they are slightly more expensive, with fares starting at £0.50 for a short trip.
For those who prefer the independence of driving, the cost of owning or renting a car is relatively inexpensive as well. Petrol prices hover around £0.37 per litre, while a rental car can be acquired for as little as £15 to £25 per day.
Health and Wellness: Accessible and High-Quality Healthcare at Competitive Prices
As an expat or retiree living in Hurghada, it’s essential to consider the accessibility and affordability of healthcare services. Egypt’s private healthcare sector has grown tremendously in recent years, providing high-quality medical care at a fraction of the cost compared to Western countries. Expats in Hurghada often opt for private clinics or specialist facilities, which cater to a wide range of medical needs.
A visit to a GP in a private hospital or clinic will typically cost around £10-£20, while specialist consultations generally range from £20 to £50. It is crucial for expats and retirees to obtain comprehensive health insurance to cover these costs, as well as any potential emergencies or specialist services.
Hurghada’s Alluring Low Cost of Living
The cost of living in Hurghada is exceptionally attractive, particularly when compared to other popular expat destinations around the world. Affordable housing, reasonable utility costs, budget-friendly food and dining options, and a well-connected transportation system contribute to a comfortable and enjoyable lifestyle without breaking the bank. High-quality healthcare facilities at competitive prices further sweeten the deal.
Expats and retirees looking to buy property in Hurghada and experience the low cost of living it offers will find themselves savouring life in a beautiful coastal paradise teeming with abundant leisure opportunities and practical amenities. The city’s thriving expatriate community provides ample social connection, while its rich cultural heritage serves as a constant reminder of the enchanting history that makes Egypt such a captivating destination. Contact Go Investment if you need assistance in buying property in Hurghada. We offer a range of apartments and flats at the best prices. Connect with us today!