Quote:
Originally Posted by J4hurghada
I feel that it is early days for Hurghada and the longer you keep hold the more money you will make in the end if thats what you want.
Me personally have invested to keep maybe a good inheritance for the kids. A cheap holiday for them too.
Our apartment is being looked after while we are not in the country so we do not have to worry about it.
Regarding to lifespan if the maintainace is kept up why can it not last a life time, Houses here in the UK do and that is with all the weather we have.
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Hi j4,
Im in the same frame of mind as you. For the best results properties should be kept for 3 to 5 years and Capital should have considerably appreciated. Too many people are worrying about renting and trying to get a massive return in the short term. Renting is good but you will be competing with all those hotels. In the first year of completion Im planning to use the property between close family and friends who will respect the use of the same.
Ps I was with Awahee123 and went to the Oasis Project. We were impressed with the neatness of the building and finish. Thumbs up J4.
Regards
Westmids33