Quote:
Originally Posted by redseasound
you pay what you think you should but my opinion is that these developers and anyone else in hurghada right now is trading on a bubble. the laws of supply and demand are that if you have lots of something and the demand is low then the price should be low right, so how come that doesnt seem to work in hurghada, there are 1000's of properties right now and demand is not huge whatever these people tell you, yet the price is still high!?
i dont want to comment on what i should think a price of a moubarak 7 villa is exactly as it's opinion and down to choice, but personally i think the market is way to high!
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What do you think prices are high in comparison with?
If you think that there isn't much demand in Hurghada, why are you setting up business in real estate in the area?
I'm just curious!