Hi All,

This is my first post (yes i ve read the new members thread, thanks in advance mods)

Some great information on this site in regards purchasing property in Egypt, especially for prespective 1st time buyers such as myself - keep up the great work mods!!!

1) In your experience what type of property (i.e. studio, 1, 2, 3 bed) appreaciates the most?

tough question! in my experience studios and one beds can produce the best rental yield/for money invested, however the flip side is that 2 beds rent out better to families..so i guess the answer is that it depends on how much of the year the property is rented out.

2) Which resort is most likely to emulate the success and huge capital appreciation seen in el gouna?

at present i believe sahl hasheesh is the only rival "international resort" to el gouna. i think gamsha bay and marsa alam are a bit to far away from the centre triangle ( el gouna - hurghada - sahl hasheesh ) to be serious competitors for the time being

3) Ive heard Cairo offers some of the best rental yields for any major city throughout the world, can anybody point me in the direction of investment companies who deal with Cairo? i see demac are planning a resort but the entry prices are quite high and it does seem very exclusive.

I used to work for a developer from cairo..its all out of town ( sheik zayed, sixth october, beverley hills ) being developed for the new rich of cairo...you would need 100k

4) I have 30k to invest, if you were me - what would you do, all suggestions welcome and appreciated!!!

do you have 30k all in? my advice is have the same amount in the bank as you are looking to invest (that's from my poker playing days) you have to budget for furnishing (can be more than you think!), bills, maintenance, lawyers, local taxes etc..unless the developer is offering a guaranteed rental consider if you can afford to keep the property running and in good shape with a 0% yield..thats worst case scenario. Of course it wont be, but every good general will plan for the worst...everything else is gravy! thats i hard rule but i havn't lost my shirt yet.

so my advice >>> with a 30k before buying make sure you can handle the cost of ownership..if you are ok with that, in the present crunch try to buy outright rather than burden yourself with finance..

over to the others..

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with your 30k you can get a studio or 1 bed maximum if you want to have it in a good project with good facilities but you have to be fast as here prices in EGypt getting more every day
For Damac with this budget forget to have good investment in cairo no way with this budget cheapest unit with Damac is 260000 GBP so with 30k you can know
I think with this budget red sea is best for you
Regards
George

There are still many developments available for the price range you are in.

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Your Red Sea, Egyptian Property Source. Over 40 Developments!

Website:www.RedSeaVision.com Email:Info@RedSeaVision.com

Hi Matt and welcome - I have merged yout thread with this existing one on help / advice and where to buy in Egypt.

Hi I am new to this thread and was hoping you can help pls. I am currently deciding between hurghada villiage property and desert pearl. I have already heard the negativites of hurghada villiage but my apartment wont be facing the motorway so not concerend about that. I just want one with good location, rental return and capital appreciation. Any advide much appreciated :-)

Hello Zahara, welcome to the forum. I'm moving your post to this thread:

http://www.propertycommunity.com/forum/egypt...buy-egypt.html as several new members have asked a similar question to yours.

Have you visited Hurghada yet? There are so many developments of course, what made you decide on picking one of these two? Have you read through both these threads on the forum and have they helped you make your decision at all?

As a new member you might also find this thread useful to you:

http://www.propertycommunity.com/forum/egypt...w-members.html

If you need any help finding information on the forum, please feel free to ask one of the moderators

Good luck with your decision

Linda

Thansk for the feedback Linda, I have not visited hurghada but have been to sharm and Cairo and loved it! Am drawn to the year round sunshine and combining investment with holiday home. I chose these 2 because they are more or less ready for exchange by Aug which is appealing...that and the agents were good at selling! but now having done more reseach not sure which of the 2 i would benefit from especially as i have not been there. Villiage offer nice views and is more quiet..DP not great views more crowded but then better known..i have also beed reading on West Side Villiage and sahl hassesh...not sure what factors contribute to inc in value and what draws people to rent??? The other option is to buy both but dont think it would be wise to get a mortgage as wont reap as much benefit?

thanks for that - do you know of any good developers in the Hurgarda area? I think I read somewhere that you had bought in Hurgarda. thanks Matt

read the different projects threads and the projects you find negative feed backs so its good one or the ones that was never mentioned so forget about it, or you canask direct if you have name in mind to ask opinions

Hi Matt - we have bought in Sharm - have you seen this thread about developers / agents http://www.propertycommunity.com/forum/egypt...evelopers.html