Quote:
Originally Posted by wemyss1960
Has anyone on the forum sold either offplan or finished?
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I know that Peter Mitry recently posted that he had successfully flipped a unit for a good profit. Perhaps it is slightly easier for him as he is an agent.
I do know that several people at El Gouna (particularly the agents who work there) have flipped both off plan and finished property very successfully and on many occassions.
I have been offered a very good profit on my villa at Gouna (bought 2 years ago and just finsishing now) but will be keeping it long term as I want to live in it and also believe El Gouna is just getting started and that values although high relative to the rest of Egypt are still low in international terms.