I have been saying this since I first made a journey to Sharm to look at the real estate market (as a realtor in Florida), although I travelled from USA to Egypt, I was astonished to see the cheap package deals being paid for by the many British (that's me too by the way) tourists staying at Sharm.
There was no way that I could see buying a condo as an investor could justify any rental return when the 4 star hotels are going so cheaply. Add to that the developments that I looked at had incredibly basic accommodation and virtually no facilities, except that you could use the nearest Hotels facilities!
I keep hearing how Egypt is the next big thing in the rental/short term market, but I dont see it!!
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