Quote:
Originally Posted by john4160
Hi all,
I too am investing in this development. Pesonally I do not think that the deals offered are that bad or dodgy in any way. For me 6 weeks use is plenty. As for the rental guarantee, when this resort takes off (which I believe it will) the developers are going to make a packet, that is why they can offer the deal that the are. Even without the guarentee rental, this should see a good return on your investment. As for the airport, I agree that even if it is not built this should still take off. There are plenty of holiday "hot spots" around the world that have long transfer times, and these do not seem to suffer. Also the way the budget airlines are going I dont think it will be long until seriously cheap flights will be available to Egypt, you have to remember that the airlines will go where the people want to go.
It looks to me that some of these posts are by agents who are not in on this one , and are trying to put people off. Maybe with the hope that they will turn to one of there developments.
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I appreciate your points (and those made previously) about your investment. It is true that Peter and myself are agents working to promote our self-interests in Sahl Hashessh (and would BP say "donīt buy our petrol- Shell is cheaper"?). If you have seen my post about airlines already travelling to Egypt, you would not be alarmed in respect of "foreign" tourists travelling to Egypt (it was entitled something along the lines of "How we lost the Empire"), but the point still remains about yout exit strategy. There are plenty of "cheap" alternatives to investing in Egypt. Look around this forum, look at what a hundred or more "international" agents are offering in Egypt. Where is your end-user market coming from?
For Ģ20.000 you can have an apartment in Egypt. For Ģ50.000 you can have an apartment in Sahl Hasheesh - itīs like Marbella V Benidorm. At the end of the day, what do you want - and, more importantly, what does your end-user want?