Quote:
Originally Posted by abomadi
well, thats a bit useful information, but the most important to me which have a stronger market in Europe & Australia ??, i don't care about City if it's exists or not since I'll not live there i care only about higher rental income and future market.
i think queenie's & Mark's posts made me a little comfortable regarding sharm, 99 years not a big deal for investor!.
Regards.
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I don't personally think either place will prove to be very good for anybody counting on rental income. Hurghada will have such a huge supply that prices will be held down and there are many developments in Sharm too.
I think if you factor in the very cheap hotels and the possibility of political strife/problems it is best to consider Hurghada/Sharm as places you buy to enjoy yourself with the odd few rentals as bonuses.
I'm not sure if the same applies in other areas such as Cairo, could be completely different there.
Mark .Y.