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The reason I buy in Resort Communities, such as El Gouna, Sahl Hasheesh etc. The reason I buy in Resort Communities, such as El Gouna, Sahl Hasheesh etc.
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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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The reason I buy in Resort Communities, such as El Gouna, Sahl Hasheesh etc. - Page 8

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  #71  
Old 27-05-2008, 04:49 PM
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Originally Posted by Peter Mitry View Post
How many times have you read on this forum people say 'I wish I had got into El Gouna two years earlier, I could have bought a villa instead of a one bed'. These are sentiments you will hear expressed many times in property investment and you know what? It's true.
Ok welcome back to the real world. There are unhappy people in El Gouna too. And people that are unable to sell to get out but they are the exception.
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  #72  
Old 27-05-2008, 04:57 PM
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Ok welcome back to the real world. There are unhappy people in El Gouna too. And people that are unable to sell to get out but they are the exception.
Hi Georgina
if you know people want to sell can you tell us as sometimes people ask us about any thing available for sale there
Last edited by Lsab; 27-05-2008 at 05:03 PM.
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  #73  
Old 02-06-2008, 11:50 PM
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.........The reason you are there is for the Medium to Long term and you can expect your property prices to double in 3 years and maybe triple in five years. Isn't that worth waiting for? How many times have you read on this forum people say 'I wish I had got into El Gouna two years earlier, I could have bought a villa instead of a one bed'. These are sentiments you will hear expressed many times in property investment and you know what? It's true.
I agree that people should be looking medium to long term. 25% compound growth per annum (which is what your post above predicts) is the most bullish prediction ive ever heard. Investment heaven. You seem very certain. I hope you are right !

That means those appartments people are buying now for $1800 psm will be worth $5500 psm in 5 years time.
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  #74  
Old 04-06-2008, 10:45 AM
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My first investment in Sahl Hasheesh was a one bed in Palm Beach bought for 29,000 GBP and sold after 17 months for 59,000 GBP. Thats 103% in 17 months. I just believe that in the big resorts where so much of what is happening is adding value, added to the fact that you are absolutely front line when all around you is sold out can and will continue to reap these high returns.
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