Hi all, I have just read this thread from start to finish.
It's and oldy but a goody, as they say.
I'm doing quite alot of reading ( including oldish threads ) as part of my research for my next purchase. I'm an owner in El Gouna at the moment.
This thread discusses the possibility of oversupply, and it is once thing I have thought about as well. The Gamsha Bay developement will be massive ... something like 15 000 units ....???
My thoughts on the oversupply of both rental return and resale in the Hurghada area ( including Sahl / El gouna etc ) is that you need to try and look for something a little unique to that property to make it more desireable.
Things like sea views / beach front are always more desirable no matter which country you are investing in. A dark little one bed tucked away in the back of a 1000 unit complex may be a little harder to market.
The flip side is that you normally pay a premium for the more desirable properties. If you can stretch your budegt though, it's definately worth it.
Anyway, just a few thoughts, and happy investing ... : - )
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