Well mark i totally agree with you about counting on rental income, since it's low but you may consider too the market growing thats do effect the property price it self, also i am quite thinking that properties will always increasing not decreasing in such places (Same As Dubai Tourism Areas) this properties usually should be sold after 4-6 years which if you calculated the rental income + market growing then maybe it's a little bit useful more than buying a new car that lost it value after few years, and as you said it's a place to enjoy yourself too.
Quote:
Originally Posted by Mark .Y.
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.
|