Occupancy
I do think 50%-70% occupancy is very optimistic on holiday rentals unless you have a tour operator on board .The rental Market in the area is becoming saturated very quickly and there is already plenty of competition (In El Gouna). IMO in Hurghada it will be even tougher to find rentals and until Sahl has any level of completed facilities ,there also .
We managed about 18 weeks in the last 12 Months in EG which if my maths serves me well is about 35 %. To be honest I was surprised that it was this high.
If you are prepared to rent out long term ,you would get a lesser return PCM and have extra wear and tear on the apartment.
I dont think rental returns are a potential money maker ,but you should be able to keep the place ticking over and get a free holiday out of it
and bank on some capital appreciation.
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