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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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  #41  
Old 13-10-2007, 02:15 PM
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Welcome to the forum Elspeth; it is refreshing to get unbiased comment from someone already living and working in Hurghada
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  #42  
Old 14-10-2007, 11:23 AM
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i do not think you could call a lot of the posts on here unbiased it seems to be a play ground for all you agents to promote your own developments
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  #43  
Old 14-10-2007, 12:08 PM
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My comments are unbiased my main job in Hurghada has been promoting local advertising of holidays through a website, protecting the reefs from destruction and educating the locals. Yes, now I work for a developer but I have many friends here who also run estate agencies and I do not promote them either. If my opinion is asked then I will give it. Believe me the commission is not enough to make me spend my time advertising here.
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  #44  
Old 28-10-2007, 12:27 PM
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Hi all, I think this will be good for Egypt as long as the wealth created is distributed around a bit. I think the labourers and general workers from what ive seen are paid poorly.
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  #45  
Old 28-10-2007, 12:59 PM
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True sometimes I wonder why I have purchased here as I get all inclusive deals sometimes cheaper than just the flight,but surely this must change.
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  #46  
Old 29-10-2007, 03:52 PM
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I agree the flight prices from the UK are expensive but there is a wider European market where the flight prices are a fraction of the cost which people who wish to rent to can tap into.
We have 2 properties here in Hurghada one which will live in and the other we will rent out.....but there are lots of options we could rent to a foreigner who works here long term rather than depend on the holiday market.
I know this is'nt an option for those who wish to use the property themselves and rent it out to help recover the costs.
All i can add is that property here is going up all the time and even if they dont rent the resale value will earn most people great rewards.
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