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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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Best value in Egypt - Page 3

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  #21  
Old 04-12-2007, 01:22 PM
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Originally Posted by ********* View Post
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???
It is one of the main things on my To Do List for 2008 to redress the balance.

If anyone has any meedjah contacts doing stuff with property buying - please can you PM me as I have a lot of ideas.
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  #22  
Old 04-12-2007, 02:56 PM
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I know it certainly wants promoting,Egypt as a whole needs no introduction but the property market does need promotion,you would think the developers and super agents would advertise heavily especially in the UK. I have seen very little being promoted re Egypt, infact I probably receive more info regards Bulgaria and other parts of Eastern Europe.
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  #23  
Old 04-12-2007, 08:52 PM
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Dave- You either haven't been to Sahl (unlikely if you are a developer in Hurghada) or your bias is clearly down to the fact that you are promoting Hurghada.

Can you hand on heart say that Hurghada is anywhere near Sahl in terms of potential and beauty??

I know its subjective but you are the ONLY person I have come across that favours Hurghada- but ONLY on price I see . Where is your list of USP or benefits of HG over Sahl? In my opinion price is the only one and its not evena benefit as in Sahl you are paying for what can become a world class resort. Hurghada is a nice little resort and has some great value properties - that's all it will ever be.

Rolls Royce versus Mondeo methinks. If you have 35-50k to spend you are far better off buying in somewhere like Paradise Gardens which is way below the competition.
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  #24  
Old 04-12-2007, 10:24 PM
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Default My views on Sahl are quoted on other threads

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Dave- You either haven't been to Sahl (unlikely if you are a developer in Hurghada) or your bias is clearly down to the fact that you are promoting Hurghada.

Can you hand on heart say that Hurghada is anywhere near Sahl in terms of potential and beauty??

I know its subjective but you are the ONLY person I have come across that favours Hurghada- but ONLY on price I see . Where is your list of USP or benefits of HG over Sahl? In my opinion price is the only one and its not evena benefit as in Sahl you are paying for what can become a world class resort. Hurghada is a nice little resort and has some great value properties - that's all it will ever be.

Rolls Royce versus Mondeo methinks. If you have 35-50k to spend you are far better off buying in somewhere like Paradise Gardens which is way below the competition.
My views on Sahl are quoted on other threads, but just you, here it is again.

No one in there right mind would buy the same size apartment in Hurghada at the SAME PRICE as in Sahl.
Sahl is clearly much more attractive, BUT since it's impossible to pay £27,000 for a 2 bed apartment in Sahl, then in my opinion, you would be mad to pay THREE TIMES the price for the difference.

My question is not about a direct comparison, that would be silly, it's all based on what buyers want to spend their money on.

Given that people will be able to "USE" Sahl once it's finished why would you help to pay for all that infrastructure in the price of an apartment !!!.

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  #25  
Old 04-12-2007, 10:37 PM
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Originally Posted by dave99 View Post
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

.

.
As an independant estate agent with our own developement in Hurghada, but also promoting Sahl Hasheesh... I recommend to ALL of my clients Sahl Hasheesh... You might be paying twice or three times as much...but the investment is at least that many times as secure! This is my own personal opinion which I express to my clients.

Investment is not just about owning a certain apartment for a certain price. There is a LOT more to it than that.

Compare the complete package in Sahl Hasheesh (Golf, Sunken City, 5* Hotels, Marina, 7* Hotels...and more importantly ...no riff raff)... I actually believe Sahl Hasheesh is better value than Hurghada.

My 2p

George
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  #26  
Old 04-12-2007, 10:55 PM
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Oh come on George to insult all the people that have invested in Hurghada as riff raff is not good business is it?.
Some people may not be in a position to invest in Sahl,I think you should edit your post and please put the record straight as this is offensive.
I'm sure it is not your intention to be offensive please change your words it would be most appreciated,we are all investors or ppeople looking to invest,we have to play by what hand we are given,don't you agree?.
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  #27  
Old 04-12-2007, 11:04 PM
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Err...no I didnt say Hurghada was Riff raff!!

Far from it. But what I meant is you could invest in a nice developement in Hurghada...then a year later a horrible developement pops up in front of yours, thus devaluing it. The difference between SH and Hurghada is the developement in SH is controlled, and you are pretty much guaranteed to have nice tidy developements and features to look at.

For your info.. I myself have bought a few properties but all of them in Hurghada, not SH because I dont want to put all my money into 1 or 2 properties in SH rather get a few more to play about with. If I had a lot more money then I would do the same thing, but in SH!

Hope this helps

p.s has anyone seen that horrible looking developement painted in a luminous green on the road between the Sheraton and Promenade?
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  #28  
Old 04-12-2007, 11:10 PM
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No you have not called Hurghada riff raff,however you have pointed out that as sahl is full of expensive taste there will be no riff raff,so what does this mean?
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  #29  
Old 04-12-2007, 11:17 PM
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Originally Posted by ********* View Post
No you have not called Hurghada riff raff,however you have pointed out that as sahl is full of expensive taste there will be no riff raff,so what does this mean?
Ok perhaps using the term riff raff was a bad idea.

What I am talking about has nothing to do with expense. It is all to do with the concept that is SH.

In HUrghada I pick up a plot of land, i get a licence to build something and I build it, and paint it how I want within the licence. The plots around you do the same and you only need 1 developer with bad taste to spoil the view.

With SH you have to show ERC what you want develope and they will say "yay" or "nay" depending on whether it is in line with the general masterplan of SH.

I'm not saying that this happens in Hurghada...but there is the possibility for it to happen...as with any other market. For me the beauty of SH is it is basically one big developement by 1 company who controls what happens and how.

Please dont take offense. I wasnt so much pointing out a negative in HRG but a positive in SH.
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  #30  
Old 04-12-2007, 11:24 PM
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I am not personally offended, everyones views are welcome on the forum,I understand what you are pointing out, I just think some people may find the words offensive,we are all here to help each other thats what the forum is for.
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