It could just have been scurrilous rumours, but I was told that one of President Mubarek's sons, plus the sons of two former Egyptian Presidents are all currently wheeling and dealing on the Hurghada market.

__________________
EGYPT REAL - Your One Stop Shop for Hurghada Property

Author of: Propertastic's Complete Guide to Hurghada Property and Egypt's Red Sea Riviera Real Estate

Like any emerging market I am sure that Hurghada is attracting a lot of interest from people of influence, whether in goverment or celebrities. It will not be long before resorts like Sahl Hasheesh and Serrenia will attract the big names like Mediterranea Saidia has done in Morocco. I already know of one but I am sworn to secrecy!!

__________________
PROPERTY SHOP INC. International Property Brokers
EGYPT REAL - Your One Stop Shop for Hurghada Property

I'm sure anybody with any authority will be dabbling in property and business throughout Egypt, after all its a massive market at the moment.

Paradise Gardens- plot 18 Sahl Hasheesh- why? Because it is barely 100m to the largest beach, is GENUINLEY 5 star and more importantly is priced at 50% below Sunset Pearl and c.35% below RA stuff- cue this post being removed by the competition on here.

search on Google..

Any prices on this development for comparison????

Hi,

From the web:

Sunset Pearl- Plot 5b- ONE bedroom apartment, from £60,612 M (58 sqm)
Sunset Pearl Prices :-
Studio from £45,000
1 Bed from £60,612
2 Bed from £73,469
3 Bed from £87,245


Paradise Gardens plot 18 (check it out and see how much closer to the beach it is - SP is 500m back form a rocky shoreline no sand)

1 beds(c. 62 sq m) start from c.£44,000 -

2 bed 80 sq m from c. £55.000

Do investors really want to pay nearly 20,000 pounds more for an apartment twice as far from the "so called beach " and the same quality of build/spec ? Both are next to a golf course so equal on that score too.

More to the point why would anyone spend even £55,000 on a 2 bed unit at PG

- the same size unit, close to a beach can be bought in Hurhgada for £27,000 !!!

- that places SP at THREE times the Hurghada price

- and PS at a mere TWICE the price

.

.

__________________

Yes I totally agree the prices seem a bit on the expensive side,however whilst people are paying them they certainly will keep rising.
Any one any knowledge on if any have been purchased?.

To all those people who think that frontline property in Sahl Hasheesh is overpriced, how do you defend your argument when they are still a fraction of anything that you would find in any other developing market such as Morocco, Cape Verde, Brazil, Turkey, etc., let alone any of the more established ones that only have a four month season?

Compare Sahl Hasheesh to Sunny Beach in Bulgaria and does it really look overpriced?

When I tell anyone who has never looked at the Red Sea Riviera before about the prices, they just can't believe how low prices are.

Take this email I got in from a publisher yesterday, for example:

"I have noted the low prices and have wondered just what sort of home can be built for such low prices. Maybe I will have to come and have a look!"

I believe that Egypt today is where Morocco was in about 2005. It hasn't even appeared on the radar of Joe Public at all yet.

__________________
EGYPT REAL - Your One Stop Shop for Hurghada Property

Author of: Propertastic's Complete Guide to Hurghada Property and Egypt's Red Sea Riviera Real Estate

True words propertastic I also think joe public haven't really discovered the market in Egypt as yet,You dont really see it on programmes like a place in the sun I wonder why???