Sahl Hasheesh versus Hurghada

[haf63]

Hi,
I'm looking to invest in an apartment in egypt and have read a fair bit of negative comments on hurghada with many folks suggesting shal hasheesh is a better long term investment - though more expensive. any comments?

[andyk2]

I was just having my vote in your poll, and thought the results would show at least a five-to-one return in favour of Sahl Hasheesh.

Couldn´t believe it when it came up 6-4 in favour of Hurghada.

Sure, it´s a nice place, but Sahl is the resort in Egypt. It´s Marbella v Torremolinos or Med Saidia v Tanjah Beach. It´s a Derby winner v the horse that pulls the milk float!

Maybe by tomorrow the poll will have righted itself, but, to be an investment, you need to have an exit strategy - other than price does Hurghada have one? If that price goes up (because you want to make a profit on your investment) doesn´t it knock out the exit strategy?

Think about it and come back and vote again!

[Peter Mitry]

Thanks to Bob for adding the poll but the early results defy belief! As Andy said its like comparing a racehorse with a carthorse! Have the people voting for Hurghada ever been to Sahl Hasheesh?
Where you buy depends on your budget but from an Investor's viewpoint Sahl wins hands down.

[orosurf]

I'm not sure that polling on Sahl Hasheesh or Hurghada is entirely fair.For a start there is rather more of Hurghada.It is also probable that there will always be more people investing at the lower end of the market.
Hopefully anyone reading will realise this and see that the poll is ridiculous.

My advice is to visit both places before you decide.

I have ,and Sahl Hasheesh gets my vote.

[dave2u]

its all down to budget if you only have about £20000 to spend on a 1 bed in the tourist area say regency towers british resort dessert pearl i would say they are good investments not much pressure to rent at this price or rents will be in balance say £65/75 per week. however sahl is a different investment beach front yes but 3 times the price as there are no mortgages avaiable if you have the cash thats ok if you are lending then you need to rent to make it work.in the short term this may not work untill sahl in completed which as far as i know may be a few years away.so whatever you buy theres nothing stopping me getting a taxi down to sahl and spending the day in the resort we hope it will be and i am sure many will be coming to hurghada remember its the same sun lets all enjoy it

[Peter Mitry]

I absolutely agree; if you have the budget for Sahl it will be a great investment, not for a quick profit but to hold until the resort is complete. If you don't have that sort of cash Hurghada is fine; Egypt is a great destination and, as you say, its the same sun! They are two quite different & distinct markets.

[andyk2]

You can buy on The Pearl at Sahl Hasheesh and Sunset Pearl (and a handful of WWD places in Hurghada) with 40% deposit and 60% finance. The very best one bedroom apartments on Sahl will only require a £25.680 deposit. Like Peter says, visit both locations before deciding - Then come back and vote!!!

[haf63]

wow, i'm amazed at the quick replies and as 'low cost' isn't a huge priority for me i'm leaning towards sahl hasheesh at the moment. appreciate the comments from you all

[andyk2]

So, the world has not gone mad! Seen the current poll and SH has taken the lead. Class always shows!

Andy

[dave99]

The only sensible comment to make is that this poll should be pulled as being a chalk and cheese comparison, and is only giving more opportunties for interested parties to "promote" Sahl Hashseesh.