Thread: Will hurghada have oversupply of beds ?
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Old 14-10-2007, 02:06 PM
sdgc sdgc is offline
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Join Date: Oct 2007
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Quote:
Originally Posted by dave2u View Post
With the thousands of apartments coming online in the next few years in Sahl Hasheesh ,hurghada town and on the road to el gouna plus the dozens and dozens of new hotels will this drive down rentals. as competion grows for beds in he self catering market in hurghada and the 5 star beach front hotels offer fantastic all inclusive deals to compete with Sahl Hasheesh will investors struggle see any return on there investment
I think that you are right, with the vast ammount of property being sold most of it to rent out, eventually supply could outstrip demand.
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