Originally Posted by Redsea Furniture

The question here regarding property prices is not just their location but the quality of their finishing.
I have recently veiwed an apartment complex built by an English developer(as advertised)who sell primarily to the English market and the finishing was absolutely dire..even by Egyptian standards its bad.
Badly fitting windows,door frames that are not square,badly tiled floos and walls.
The guy who purchased it is pulling his hair out.....nothing is getting done.
He bought it as a rental investment and the completion date has gone from AUG/SEPT 2007 to its anyones guess when it will be finished.
There are hardly any finished apartments...most have not got floors finished.
I feel sorry for those back in the UK who are being told that they will be finished soon.
There is no way they will be finished this side of Christmas.
So people who are investing in Hurghada please be aware not only is the location important but the quality of finishing and ALSO the completion date if you are buying as a rental investment.



Ex-Boltonian living in Hurghada

Originally Posted by dave99

Hi everyone

As as been said many times - something is only worth what it can be sold for, and in and around Hurghada people will pay much more if they are "sold" the various features that they are told that they "need".

It's taken me about 9 months to get a more realistic view of Hurghada and the surrounding areas, and it is very true parts of the town are really horrible, but then that's the same in London, New York, Paris etc.
The real problem is that there are so many very different parts of Hurghada being developed that no one can be sure about re-sale values so it is purley one opinion versus another. There is virtually no re-sale market yet to prove anything, especially in the luxury, expensive end of the market in Sahl Hasheesh. There is certainly no big queue of people willing to pay £500 a week to rent anything.