Quote:
Originally Posted by distant dreamer
I know someone that has purchased a resale on Ocean Breeze. The original owner made a lot of money, but so will the new purchaser. We also purchased a resale property in El Gouna, so there is a market, but obviously early days.
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I know of a few people in El Gouna who bought more than 1 property and are having difficulty selling them on . I know there is a small resale market but it still looks very difficult to shift resales unless you do it through Orascom who seem to have the market sewn up in El Gouna . They know what they are doing ,they make a profit on the original sale and then take another commission each time they resell .
My friends are in the process of selling their one bed apt (through Orascom)so I will keep you informed of how easy they find it .