Welcome pilliam
I’m not a big fan of Egypt, but with your budget it’s certainly a contender. I could be wrong, but I suspect capital appreciation won’t be great in Egypt. However, if you are looking upon a possible investment as a more exciting way of providing an income with possibility of capital appreciation then this could be a good choice for you. Egypt is reasonably accessible too, so this investment could provide you with a lifestyle option too.
If you mention Egypt to your mother I’m sure she will mention terrorism and perhaps the problems that tourists have had when leaving tourist conurbations (armed escort etc.) Forewarned is forearmed. Bombings do take place from time to time in the tourist areas. Clearly that isn’t a good thing, but its amazing how robust tourism has been in light of this.
One final note of caution with Egypt. There has been a lot of building going on in recent years and I suspect there is the danger of oversupply. If this proves to be the case then you may find your property depreciates considerably in value.
Germany. You mentioned Berlin. While it can be done in Berlin, Dresden might be worth thinking about if you want a tourist rental that will rent well and allow you time there too. Most people think of Dresden as the place flattened in World War 2. So much has changed since then and much of the old Dresden has been built as it was before. (Just look at the tourist sites for it – you wouldn’t know it was flattened 60 years ago.) Dresden is very popular with both German and foreign tourists. It is also a two hour drive (foot down) from both Berlin and Prague.
What David Howe said on short term rentals is certainly relevant. Finding a good team on the ground is key and there’s no guarantee you will succeed on that front even with due diligence. (David’s no mug and he’s been stung on this front.)
I’ve placed my thoughts on where to place your money on the “EUR 60,000 to invest” thread.
|