Studio or 1 , 2 bedroom apartments

[dave99]

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All other things being equal the having two of something give more flexibilty / options so has to be best.

However relying on rentals in the next year or so is not a good idea.

When will the studios be ready for use.

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[redangel7861]

Originally Posted by dave99

.
All other things being equal the having two of something give more flexibilty / options so has to be best.

However relying on rentals in the next year or so is not a good idea.

When will the studios be ready for use.

.
.

Dave,

Rental will be a bonus. I have a five year plan and am more looking towards capital appreciation. The development is at pre-launch stage and due to be completed in the summer of 09.

[crombiestone]

Originally Posted by redangel7861

Again I must stress the question is whether a 2 bed or 2 studio's not studio's vs 1 bed. In my experience studio's have been easier to rent or sell than 1 bed's, again ,that is my opinion only.

I was only trying to help.

In El Gouna they redeveloped a lot of their plans because studios just weren't selling ,turning them into one and 2 bed apts.

Just my opinion on an open forum which may also be of use to others who read it .

[redangel7861]

Originally Posted by crombiestone

I was only trying to help.

In El Gouna they redeveloped a lot of their plans because studios just weren't selling ,turning them into one and 2 bed apts.

Just my opinion on an open forum which may also be of use to others who read it .

Crombie.

I valued your input and appreciate it. Again, two one beds is something I did consider, but the cost was much higher than two studio's. You've made a valid point and one which I appreciated.

Rgds
RED

[Peter Mitry]

I think that the bottom line is that studios are the 'entry level' product and are more affordable to those getting on the ladder either as property owners or overseas investors. One reason may be that studios in El Gouna would always have been above the 'entry level' price and El Gouna now is more of as 'lifestyle' purchase for people who can afford it.The same will apply to Sahl Hasheesh and other beachfront Resort communities.

[redangel7861]

Originally Posted by Peter Mitry

I think that the bottom line is that studios are the 'entry level' product and are more affordable to those getting on the ladder either as property owners or overseas investors. One reason may be that studios in El Gouna would always have been above the 'entry level' price and El Gouna now is more of as 'lifestyle' purchase for people who can afford it.The same will apply to Sahl Hasheesh and other beachfront Resort communities.

Peter.

Good point. THe location of this build is beach and sea front, so I presume it won't be long before it moves from a investment criteria to a lifestyle criteria.

This will bode well for future re-sales and capital appreciation. I have noticed that there are few actual beachfront developments in Hurghada, mainly because it's difficult to acquire beachfront land. Any development that is actually on the beachfront will command a premium over developments that are not.

[distant dreamer]

Hi

On one of the other sites I visit that deal purely with rentals, I asked the question before we purchased in El Gouna. This was the reply I got:
"There seems to be some consensus here that small units have a higher percentage return. That is certainly our experience: we have a studio, a 2 bed & a 3 bed property. Per person rental income is far higher in the studio than in the 2 bed .... & in the 2 bed than in the 3 bed"

Hope that helps

[redangel7861]

Originally Posted by distant dreamer

Hi

On one of the other sites I visit that deal purely with rentals, I asked the question before we purchased in El Gouna. This was the reply I got:
"There seems to be some consensus here that small units have a higher percentage return. That is certainly our experience: we have a studio, a 2 bed & a 3 bed property. Per person rental income is far higher in the studio than in the 2 bed .... & in the 2 bed than in the 3 bed"

Hope that helps

DD,

Thanks....that's great to hear.

Rgds
RED

[cin7166]

I stopped using hotel rooms years ago as I prefer to rent apartments so would not rent a studio, expecially if I travel with a friend, not so bad if I travel with my boyfriend. For me with a friend, I prefer to have a separate room to sleep, so I usually go for a one bed where one sleeps on sofa in living area and one in the bedroom or even a two bed. All because I hate having to wake up when they do, go to bed when they do, listen to snoring etc.

[Mark .Y.]

Originally Posted by redangel7861

Again, I really do appreciate the input I am getting here. Rivermead your idea about a connecting door to the rooms is a great one and will cater for all markets, i.e. I can market it as a two 1 bed studio's or one 2 bed apartment when it comes to rental or selling the property depending on how the market is at the time, so that offers me great flexibility. Again thanks that's a great idea one that I will discuss with the developer.

Again I must stress the question is whether a 2 bed or 2 studio's not studio's vs 1 bed. In my experience studio's have been easier to rent or sell than 1 bed's, again ,that is my opinion only.

Red,
I'm getting more confused here. My understanding is a studio has no separate bedroom so how can you rent 2 adjoining studios as a 2 bed apartment. They will simply be two inter-connected large spaces.
I would certainly be very unhappy if I had rented what I believed to be a 2 bed apartment and when I got there I found it was 2 inter-connected studios.
More to think about !!!!!!!!!

Mark .Y.