Quote:
Originally Posted by realestatemart
In El Gouna you will buy foReal High prices but in Sahl for example if you buy ana apartment for 60K it will be after 3 yeasr may be 150k at least in El gouna prices will not go up so far any more as its already so up, so difference is your return on investment in El Gouna is much less than Sahl and you need lot lot lot of money to be able to have something inside El gouna, plus sahl still pure and realy version area
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You may be right but all the people I know who have ever made real money in property (many by accident and fewer by design) always ended up deciding it was better to stretch themselves to buy the best location (location location ) they could afford. Knightsbridge has always been more expensive than Fulham and in a rising market the prime locations rise faster and higher. In a falling market they fall more slowly and there is better liquidity as more people want to actually live there and the rich feel the pinch much less in a downturn.