The price quoted was not a guess but reality.Unfortunately the rental prices quoted by developers are unrealistic in Hurghada (Sahl Hasheesh/El Gouna are a different market i.e more upmarket).
Prospective purchasers of apartments sold in Hurghada need to be aware that it is not as easy to rent out their apartment as they may think.
As previously stated until we have cheap flights then we cannot compete with flight/hotel package.
The £3000 annum income for the rental of apartment is plenty to live on out here.
The quality of the apartments is not the issue its ALWAYS going to be dependent on the flight prices and availbility.
Though i am not to sure of why the reference to the Russians......To live and do business here in Hurghada one has to be respectful to all nationalities.
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