Quote:
Originally Posted by ACP
Hm, I must think it over.
Propertastic, do you have any apartments in Egypt?
I do not fully agree with you - buying an apartment can be also
treated as an investment, so I would not even need to like the place.
Nevertheless, I will try to visit Hurghada and make sure everything's OK.
And I am not from the UK 
Oh - I heard that on the 25th of January 2008 the prices will
increase of 15%! Is it true? See, that's why I am so scatterbrained  |
No, I don't have anything in Egypt yet. I told my girlfriend exactly 12 months ago that we should sell our apartments in Latvia and buy in Egypt instead. She procrastinated with the result that the value if our investment has dropped 30% instead of rising by a minimum of 20%.
The price rise on 25 January sounds realistic to me. I know that the pre-sales have gone very well and that the offer was only planned to last three months, so it's not just a sales trick.
My recommendation would be to place your refundable reservation fee, but to get over there and see it for yourself before you go to contract just to be on the safe side.