getting out of Egypt / resale - Page 6

Adam Caan NMH · #51 11-04-2008, 04:57 PM

Quote:

Originally Posted by try-one

It would be good to know more about successfull resales or agents with an interest in reselling properties; my experience for the past six months is that there is no resale market and some agents say "there are still plenty of new properties, it is difficult to find people interested in resale....."

The reason people are having difficulties in resaling property is the lack of interested generated by their appointed agent/s. Some agents are selling new offplan units for very generous commissions so unless your incentive to them is higher than a new sale you will just be pushed back to the end of the line. Also remember there are so many amateur "international agents" out there it is unbelievable, just to give you an idea 2000 property agents have folded in Spain alone this year. Flashy websites does not mean big successful company.
So don`t be to greedy in what you want your returns to be, offer the agents a ransom and keep your fingers crossed.

baz1 · #52 11-04-2008, 05:25 PM

Iam a new member to this forum and have been following your replies on the subject of reselling,iam buying in Regency Beach with my buisness partner, can anyone tell me will it be a good investment when comes to selling in 2yrs time? especially when there isnt much around there in terms of shopping,lesiure,e.t.c except for the sandy beach.

realestatemart · #53 11-04-2008, 10:42 PM

Quote:

Originally Posted by baz1

Iam a new member to this forum and have been following your replies on the subject of reselling,iam buying in Regency Beach with my buisness partner, can anyone tell me will it be a good investment when comes to selling in 2yrs time? especially when there isnt much around there in terms of shopping,lesiure,e.t.c except for the sandy beach.

its good investment
Regards
George

baz1 · #54 12-04-2008, 11:31 AM

Thanks realestatemart, but the question remains now will it be sellable in two yrs with a realistic profit or will it be a long dragging process with hardly any good profit magin like 10 or even 20%?
Iam not greedy but this is my first offplan anywhere so i want it to be right.

realestatemart · #55 12-04-2008, 09:43 PM

Quote:

Originally Posted by baz1

Thanks realestatemart, but the question remains now will it be sellable in two yrs with a realistic profit or will it be a long dragging process with hardly any good profit magin like 10 or even 20%?
Iam not greedy but this is my first offplan anywhere so i want it to be right.

Dear Baz prices aeady increased last this month around 10% and prices will be more and more by end of this year

sammy1003 · #56 12-04-2008, 09:57 PM

I don't think it's a good time to re-sell! If you don't NEED the money, then don't resell.
Prices are going to shoot up in the second half of this year like never before.

Sammy

realestatemart · #57 12-04-2008, 11:11 PM

Quote:

Originally Posted by sammy1003

I don't think it's a good time to re-sell! If you don't NEED the money, then don't resell.
Prices are going to shoot up in the second half of this year like never before.

Sammy

good opinion samy and i support it

scooby21 · #58 13-04-2008, 12:49 AM

Prices in Cairo are going up a lot despite lots of new build like in Hurgarda and this is despite the lack of tourists however some suggest the is an oversupply of the more expensive end of the market villas on out skirts of cairo start at 2million EGP (200K GBP) on go upwards however there is the same property in Cairo that exists in Hurgarda that agents promote the new developments and resales seem to get to the bad of the list