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Hurghada - El Gouna area is it up & coming? Hurghada - El Gouna area is it up & coming?
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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

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Hurghada - El Gouna area is it up & coming? - Page 2

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  #11  
Old 20-11-2007, 08:55 PM
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Join Date: Nov 2007
Posts: 2
Default Suleder
Quote:
Originally Posted by Redsea Furniture View Post
I am also living here in Hurghada (from Bolton,UK) and El Gouna is nice its also very expensive compared with the rest of Hurghada.From property prices to food etc the prices are comparable to UK prices.
There are far better projects around Hurghada..its easier being here as the prices offered by the various developers to the tourists can be greatly inflated.
Also be very wary of completion dates...especially if you are buying as a rental investment....the dates are always way off.

Ex-Boltionian living in Hurghada
Hi Redsea

Sounds like you are the man on the spot. We have just bought an appartment in Suleder, Hurghada. Expected completion date is March 2008 can you enlighten us a bit on how the build is going and if you think it will be a good development.

Thanks

Mick
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