Agree with points 1 & 2 and the first part about beachfront property in third point. However, would be surprised if property in Hurghada performed as well as in the "resort communities", such as El Gouna & Sahl. This was taken from Orascams website about property prices in El Gouna:
"In El Gouna, OHD’s model project, real estate value has increased dramatically. Over the last five years property value has increased four-fold. Currently, El Gouna still retains a large land bank for future development"
I believe that places like El Gouna will get more and more popular with holidaymakers as the word spreads about them.
They will attact a different holidaymaker to that of Hurghada, probably more upmarket and maybe people that would prefer an exotic holiday, but with a more "European" feel, where they feel more secure. Also there should always be a resale market in places like El Gouna, as it is exclusive and many wealthy Egyptians want holiday homes in El Gouna and indeed already own there.
|