I was looking through some of the older threads and came across this one, so thought I'd add my bit!
I would assume that it is happening now in egypt because last August I received some information about an investors club that had reserved 100 appartments in one of the developments in Hurghada. The deal looked really interesting but we weren't looking to buy in Egypt at that time. The most interesting thing was that they were offering fractional ownership so that, then, it was possible to buy a quarter share in a studio for just over £5,000 and as little as just over £9,000 for a quarter share in a 2 bed. Of course these prices will have gone up by now, but it's food for thought.
I wonder if anyone visiting this site has purchased this way.
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