flight prices and and your investment

[grays4u]

if the flights are at the same price as now into 2008 then i think egypt could be dead in the water for renting .the only thing that is making the egypt holiday are the deals the hotels are giving on all inclusives average price of flights is £350 sept £280 oct £250 nov add your rent and its starting to look expensive.XL took two routes off birmingham and bristol not good news so at the moment there are less seats . i think demand is up at the moment cause of people giong over to see there properties and the airlines are milking this.so will hurghada become a property hotspot for renting the jurys out and you take your chance

[Dashy]

Yep,
I would agree to that too. You are talking UK flights here however you should take in to consideration the other countries too. Considering volatile situation in the country an avarage "tourist" would only consider package deals of 4-5 stars hotel or villa/apps complex where there are some security in place and other fasilities that make them "feel safe and looked after". There are loads of Eastern Europeans traveling down to Egypt as it is very good value for money even for countries that are in development like Russia, Ukraine etc... High season package on 5 star all inclusive costs about 600-800$ USD per 7 nights there.

Very interesting would be to see "rental offers" on projects like Regency Towers and similar buildings within Hurghada town. They are cheap but it seems that you only be hoping for a capital appriciasion there, deduct your
comunal charges - and it does not look very attractive atall.

However projects like Sahl Hashees - do look very attractive.

would be nice to hear what other people think.

[dave99]

Hi

See the other thread on flight prices the ones quoted here do not match my experience.

I agree that rental of high cost apartments is unrealistic in terms of percentage returns so I cannot see anyone paying £500 per week for anything, even in new purpose built resort areas EVER, even if flights get cheaper.

[Peter Mitry]

You are right; many people knock the big resorts like Sahl Hasheesh and Makadi Bay but the security will be tip top. Its OK for the guys who visit Egypt regularly to recommend picking up cheap properties in the town and good luck to them. Great if its for personal use and you don't mind living next door to noisy neighbours. However, these properties are priced correctly in the Egyptian market and will increase in line with general inflation; they will never rent at the same levels as property in a five star resort. On the other hand the big resorts like Sahl Hasheesh and Gamsha are spending millions on infrastructure to add value. They are aiming at a Northern European market selling a high quality 'one stop' holiday destination. People who want this will never stay in the cheaper properties in the town. I think we should all be realistic about market conditions; it will never be a 'one product suits all' market and thank God for that!!

[awahee123]

The flights have to come down sooner or later,I hope so anyway.