Quote:
Originally Posted by distant dreamer
Red,
I don't think you've got it right. I heard that Egypt does have a double taxation with the UK. But even with countries that do have this in place, the difference between what you pay in that country and the UK rate would have to be paid in the UK, depending on your circumstances.
Also, I heard Easyjet are not continuing the Hurghada Route, they are only doing it for a few weeks. However, I think they will continue the Sharm route, which is good news for those that have invested there!
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DD.
I've taken this quote from a well established property journal:
"According to Global Property Guide, Egypt has the highest rental yields in the world. Growth prospects also look good with Easyjet opening two routes from Gatwick to Sharm El Sheikh and Hurghada in April 2008"
So it looks like Easyjet will be flying to Hurghada unless you can tell me where you've got your information from I'll have to presume the article is true.
regards
RED