[dave99]

Property Investment is risk everywhere in the world.

It's obvious that developer have different perspective, likewise agents and everyone else who has a commercial interest, however that commecial interest in it'self is a very good guide to what has long term value. It is these people who can see beyond the initial building sites and ouyt of the way locations.

Anyone wanting to buy something "established" will pay anything upto 100% more thatn the owner who bought in the same development 2 years earlier off-plan. Maybe that growth is not going to continue at this rate but the basic principal will still apply.

Sure there are some locations that are better than others but the asking price reflects this.

Taking views from anyone at the airport after bad holiday is no way to canvas opionion. We met a couple who felt that Hurghada had nothing to offer because they were "imprisoned" in one of the very big out of town hotels with All Inclusive. We took them on a tour and they were amazed at what they had missed, which is very common.

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