Quote:
Originally Posted by lyndsay552
The new development in Marsa Alam looks very interesting. Its by the same company that built Zafarana Beach Resort. A middle two bed apartment is only 39,950 euros, which works as only &350 per m2, if my maths is right
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Thats correct - very reasonable.
And rental guarantee - Hurghada I don't think will offer these returns.
There is too much construction going on. why someone would rent an a partment in the apartment block, when today from Dublin u can ger a week in 4* with flights half board for 399 eur. And the flight cost 250.
but when a family goes out there, they might want to go for a penthouse.
And they they will pay less all together.
I think the future of investment is in resorts.
And the less overbuit the place, the better.
Thats my opinion.
Ted