Please refer to posting by dave99.
The difference is that Pyramisa is in Sahl Hasheed and located frontline beach by the pier and sunken city dive site; developers are an established large 5-star hotel group in Egypt; they run a cruise line: you have 4 weeks' stay of which 2 weeks you can exchange for a stay in any of their 5-star hotel or the Nile cruise ship. At least that's what I learnt from their website.
IF anyone can comparably give me all that above AND 8% or 9% rental guarantee for 5 years... I'll take it! To be fair, I think we should compare apples with apples.
I can EASILY find a studio/1-bedrm in Hurgurdah or thereabouts for 19000GBP, but even with a 8%-9% (or even 10%) rental guarantee, I won't buy it at a cost of 40000GBP. I'd be just paying myself!! But can one find a unit at that price in a frontline beach resort in Sahl (with or without rental guarantee)? Smallest units at nearby El Andalous and Palm Beach Piazza are, I think, currently above 50000GBP. Point taken from Grays4u that the unit itself may not be sea/pool-facing but it IS Shahl and it IS a frontline beach resort.
Rather, the points that concern me are: what happens AFTER the initial 5-year guarantee? How will the following rental arrangement be structured? How will it affect the capital appreciation of the unit if I want to sell after say 5 years? I have posed these questions to the agents and am awaiting the reply.
BTW, I confirm that I am a buyer and not an agent or representative from Pyramisa - in case this post makes me sound like one! I am just researching and learning from good advice in this forum.
Regards.
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