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Originally Posted by The Soup Dragon
Welcome pilliam
If you mention Egypt to your mother I’m sure she will mention terrorism and perhaps the problems that tourists have had when leaving tourist conurbations (armed escort etc.) Forewarned is forearmed. Bombings do take place from time to time in the tourist areas. Clearly that isn’t a good thing, but its amazing how robust tourism has been in light of this.
One final note of caution with Egypt. There has been a lot of building going on in recent years and I suspect there is the danger of oversupply. If this proves to be the case then you may find your property depreciates considerably in value.
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hi soupdragon...
the last bomb in egypt was in sharm el sheik 3 years ago now, so not happening all the time! since then turkey (marmaris) london, spain, have all been hit...Egypt was hit because it is an ally of the west, and since the response by the egyptian government has been gladly received. I feel safer here than back home in wiltshire, we have an almost 0% crime rate out here, wheras back home hoodies control the streets ( daily mail quote )
I live here, and do not need an armed escort to travel freely. They only issue armed escorts to tourist coaches travelling through the interior to Luxor and Aswan. These armed escorts are designed to be deterrent in their nature, and are a good thing. dont imagine a jeep full of rozzers armed to the teeth either, its usually a sleepy, smiley copper, with a sidearm.
the presidents son, gamal mubarek is a vey enlightened individual, i wonder if you have watched the bbc's coverage of the world economic forum held last week in sharm? he had tony blair smiling from ear to ear..(sic)
we have 7% growth per annum GDP, and falling unemployment, massive FDI, a a government commited to reform.
there has been considerable growth but egypt can afford it, as it is mostly desert. here in hurghada, the cost of property is rising continually, helped by FDI from foreign buyers, but mainly due to wider economic issues, like the cost of oil, and other raw materials, is pushing up prices, so a lot of buyers are egyptians. We are very popular with Cairo middle class, as well as gulf arabs who come to Hurghada for their summer by the sea holidays. There is always the danger of over supply and there are some areas of egypt, and my region, hurghada, where one should not buy, but there are also these limited custom built resorts, which are proving so far to be an excellent purchase for investors
Like Romania, Egypt is starting from the first rung of the ladder. Like David, I also have some very precise figures, I would be interested to see how egypt and romania compare!