[Peter Mitry]

The resale market in Egypt is in its infancy with many people buying off plan for the first time and most agents happy to help them to do this. Any responsible agent should also be looking to the future and considering how they can help their investors find an exit route when the time comes. If you are buying in to a front line beach project you can be sure that, providing nothing happens to destabilise the market, you should not have a problem selling, providing you have the right agent.
People always prefer front line beach so these are the units to sell first; later, as new buyers enter the market they still look for the same things, only now all of the front line properties available will be Resales. Providing, as a vendor, you pitch your asking price either the same or just below the Developers for similar property and providing you offer the agents similar commissions to those paid on new property you should not have a problem finding a buyer. Front line beach is a diminishing resource; there will always be a demand and there will be less and less available. I purchased a one bed unit in Palm Beach Piazza in November 2006 for 30,000 GBP and sold it recently for 59,000 GBP. This is in 17 months.