getting out of Egypt / resale - Page 9

crombiestone · #81 15-04-2008, 12:51 AM

Quote:

Originally Posted by baz1

You r right too crombistone me and my buisness partner r buying in Regency beach 2beds 92m2 ,we r still hesitating about it, have read different appinions on this forum to suggest that both sides have good point of view about resale,but if anybody had to choose between Egypt and somewhere else for a low cost investment, will Egypt still remain to be their first choice ?

Egypt is undeniably cheap . If you are realistic about your gains and can afford to bear a potential loss ,then why not ?

Are you familiar with the area? I wouldn't advise anyone buying without visiting . This aint no Spain! You need to know what you are buying into.

If you know Egypt and it suits you then you will at the very least have a fantastic place for holidays .

realestatemart · #82 15-04-2008, 11:48 AM

Quote:

Originally Posted by crombiestone

Egypt is undeniably cheap . If you are realistic about your gains and can afford to bear a potential loss ,then why not ?

Are you familiar with the area? I wouldn't advise anyone buying without visiting . This aint no Spain! You need to know what you are buying into.

If you know Egypt and it suits you then you will at the very least have a fantastic place for holidays .

Thats tottal 100% true no one should buy before visiting

try-one · #83 16-04-2008, 02:07 PM

I think re-sale in Egypt needs more maturity, it makes sense for people buying to look at resale as they would save money, however the infrastructure in terms of agents may not be ready.
Two weeks ago I checked one of the property portals and contacted about five agents offering egyptian properties, only one came back with a response to my request to sell my property and didn't really got far.

realestatemart · #84 16-04-2008, 10:49 PM

Quote:

Originally Posted by try-one

I think re-sale in Egypt needs more maturity, it makes sense for people buying to look at resale as they would save money, however the infrastructure in terms of agents may not be ready.
Two weeks ago I checked one of the property portals and contacted about five agents offering egyptian properties, only one came back with a response to my request to sell my property and didn't really got far.

not every one is good so don't be disapointed but it takes time to sell

Peter Mitry · #85 17-04-2008, 01:23 AM

The resale market is in its infancy; there is so much available off plan at the moment. My view of the market in the Red Sea area is that you should consider holding your investment for at least five years. In this time the market will become more mature, property values will rise and those who have bought in good locations will reap the rewards. My personal preference is front line beach; I would never buy anywhere else for investment.

realestatemart · #86 17-04-2008, 02:26 AM

Quote:

Originally Posted by Peter Mitry

The resale market is in its infancy; there is so much available off plan at the moment. My view of the market in the Red Sea area is that you should consider holding your investment for at least five years. In this time the market will become more mature, property values will rise and those who have bought in good locations will reap the rewards. My personal preference is front line beach; I would never buy anywhere else for investment.

Beach front is the dream of each one of us so if any can afford sure should go for it and don't take other choices if you have the budget

M Butler · #87 17-04-2008, 04:11 PM

Quote:

Originally Posted by try-one

I think re-sale in Egypt needs more maturity, it makes sense for people buying to look at resale as they would save money, however the infrastructure in terms of agents may not be ready.
Two weeks ago I checked one of the property portals and contacted about five agents offering egyptian properties, only one came back with a response to my request to sell my property and didn't really got far.

We are going for a re-sale for 2 reasons. 1. You get what you see. 2. We want early access to our home in the sun.
I have also contacted agents and have to say that I have been inundated with e-mails and info. from someone based in Cape Town. Also had great help from the "locals" in Hurghada - George, Peter, Gianni, Rolf, etc.

Margaret

realestatemart · #88 17-04-2008, 07:10 PM

Quote:

Originally Posted by M Butler

We are going for a re-sale for 2 reasons. 1. You get what you see. 2. We want early access to our home in the sun.
I have also contacted agents and have to say that I have been inundated with e-mails and info. from someone based in Cape Town. Also had great help from the "locals" in Hurghada - George, Peter, Gianni, Rolf, etc.

Margaret

So Margrete you bought your dream villa in El Gouna