There are plenty of agents here in Hurghada but please be aware
that not all the properties which they advertise are available. It
sometimes takes them ages to update their websites.

Every week another apartment block is going up so there is no
shortage of apartments/villas to rent - yes long term.

Rents compared to the UK are very reasonable although I think that
in a couple of years time Hurghada will have caught up with Sharm for
prices.