El Gouna Resales
We bought a villa in El Gouna in June 2008 from the Orascom resale dept who are based in the Abu Tig Marina.
I think up until very recently, resales did not have a high profile with Orascom but they have, I think, now realised that there is a bob or two to be made in this area. They now have a separate department that deals solely with resales and have started to produce a glossy brochure with all properties for sale directly from Orascom.
Orascom get 3% of the original selling price for every property sold in El Gouna so it doesn't matter who you sell through, they will still get their cut. As for the other 6%, I don't how this compares with other estate agents in the Red Sea area but Orascom would appear to be more proactive in chasing properties in the resale area.
Margaret
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