Quote:
Originally Posted by awahee123
You are right crombiestone,I personally have come to the conclusion that people should maybe look at developments that are already built and finished ready to move into,keep away from the larger developers,not even a handful can say they have really come up with the goods.I have been impressed by Iraida up to now anybody else has to prove themselves.This whole off plan thing is worrying for everyone.
As soon as you put your deposit down you start wishing you hadn't.
Maybe someone will make some sense out of it all LOL.
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I agree, one of my key requirements when I came over to look was a development that was either already built or "well on the way".
I am still not sure whether to invest in Egypt at all as I have a few concerns, in particular the flight prices but definitely haven't ruled it out.
In the same way, I would not definitely rule out an "off-plan" investment but would have to be really convinced that it was worthwhile.
It seems to me that if you wait for the development to be completed there are always available apartments at not much more than somebody has paid a year or so previous and you've had your money in the bank for that year.
I believe going back 3 or 4 years that was probably not the case as the property was so cheap then that people have made a good profit, however I think things have probably changed.
Mark .Y.