Anybody here bought property in Egypt?

ninky_2

isn't egypt largely a package holiday destination? is there really that much demand for a bog-standard complex apartments rented independently. with deals including flights (and meals/drinks etc) so cheap could you compete?


just a thought.

ninky_2

if you are just buying it for yourself to use consider the following.

how often will you use it and for what length of time? how much do flights cost? compare this to deal including flight and accomm. how much will you actually 'save'. do you want to be tied to going to the same apartment year in year out.

if you are planning on using it for great swathes at a time (i.e. months) then it might work out well.

if you think you might just take a 2 week break there once or twice a year 15-25k might not be such a bargain.

C_Mababejive

Buy one of these instead..

http://www.americancoach.com/americantradition/

You will be certain you own it
It moves wherever you want to go
Its cheaper
You pay not community charge
The view always changes

ninky_2

C_Mababejive wrote: »

Buy one of these instead..

http://www.americancoach.com/americantradition/

You will be certain you own it
It moves wherever you want to go
Its cheaper
You pay not community charge
The view always changes

do you know how much gas these guzzle?:eek:

C_Mababejive

ninky wrote: »

do you know how much gas these guzzle?:eek:

Get a gas conversion...

BitterAndTwisted

I can't think of anything less attractive that buying a leasehold apartment in a massive development like that in a country like that. Who knows what the service-charges might be in a few years time? Never mind feeling tied to take every single holiday there for the rest of your life.

Now, a tiny shack on a hilltop in mainland Greece or on Crete is a completely different story.....

lightSwitch_3

They look amazing but
1) I'd say about 15 miles/gal ie 2200 mile range, more than double any car not bad.
2) these things won't cost less than £150K
3) what happens when you get this £150K home stuck down a dark long bendy alpine
road, where you can't reverse.
4) you would have to run the air con constantly in the summer.
It takes 150 gallons imagine if you could do 55 miles/gallon, that would have been an 8250 mile range!!

niloc01

Beware lot's of Pyramid schemes/selling in Egypt

lightSwitch_3

BitterAndTwisted wrote: »

I can't think of anything less attractive that buying a leasehold apartment in a massive development like that in a country like that. Who knows what the service-charges might be in a few years time? Never mind feeling tied to take every single holiday there for the rest of your life.

Now, a tiny shack on a hilltop in mainland Greece or on Crete is a completely different story.....

Good points and it is why I would never buy in a block in the UK the service charge is unregulated.
But the Med is cold in the winter. the Red sea is lovely during this time.

GDB2222

Curiously enough, the average house price in Egypt is just $30,000. That's Egypt, Arkansas, population 105, so it's well off the tourist beat.