Quote:
Originally Posted by Peter Mitry
.........The reason you are there is for the Medium to Long term and you can expect your property prices to double in 3 years and maybe triple in five years. Isn't that worth waiting for? How many times have you read on this forum people say 'I wish I had got into El Gouna two years earlier, I could have bought a villa instead of a one bed'. These are sentiments you will hear expressed many times in property investment and you know what? It's true.
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I agree that people should be looking medium to long term. 25% compound growth per annum (which is what your post above predicts) is the most bullish prediction ive ever heard. Investment heaven. You seem very certain. I hope you are right !
That means those appartments people are buying now for $1800 psm will be worth $5500 psm in 5 years time.