Quote:
Originally Posted by *********
Hi all,
I haven't seen any concrete rental prices at the moment,what I will say if rental is more or less the same then if i was looking to rent I would surely pick beachfront.
I think what we will find is to start a new market of rental in a certain area it will be introduced lets say with a reasonable rental for various reasons,eg the whole development may not be finished.
We will only find out the true rental value once all current developments are finished.
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I have to say that in my opinion anybody who is buying in Hurghada and relying on rentals is going to be disappointed.
From a supply and demand point of view, there are so many apartments going up that you will have to be very good at marketing your property to get a decent number of rentals per annum.
At the moment there is too much against it: in particular you will do very well to get cheap flights and Sharm is far better known to tourists.
Of course, if you are buying for yourself - that is a different matter and also if you can afford to wait it is not unreasonable to believe that in a few years time the rental market may be better. Cheap flights and good publicity being the key drivers.
Sahl Hasheesh and the other upmarket developments are/will probably be better. After all, there are always people around who are happy to pay for a higher quality product.
Mark .Y.