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| | | Forum Newbie
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Last Login: Wednesday, January 16, 2008 2:38 PM
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| We are finding a number of developments in Hurghada and Sahl Hasheesh. I have been asked a number of times why is there so much opportunity in Hurghada and Sahl Hasheesh but not in Sharm el Sheik, well there are property investment developments available in the Sharm, however developers are looking at the areas of Hurghada and Sahl Hasheesh as major funding is being spent on infrastructure, easyjet are scheduled to conduct direct flights into Hurghada from the UK in the coming months.
One of the main reasons Sharm is not the best place to invest is because property is only available to be purchased on leases of around 99 years. This is a major off put for investors, whereas Hurghada and Sahl Hasheesh developments are freehold. However this is not to say all property investments in Sharm are to be left alone. We have found cash purchasers can invest in Hotel room investments with rental guarantees.
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Overseas Property Investment, the future of property investment... |
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| | | Forum Newbie
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Last Login: Monday, March 31, 2008 2:25 PM
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| Sharm is alot more expensive than Hurghada and they have 99 year lease when buying which puts alot of people off this now.
Hurghada is freehold but who knows what the future hold. |
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| | | Forum Newbie
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Last Login: Sunday, September 21, 2008 12:00 PM
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| Hi I don't think that the 99 years issue is a problem, no one spend time on searching the real law.The law say that is a 99 years perpetual. For instance I buy a property and sell it after 20 years, then the new owner will have 99 years again, so what is the difference. |
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| | | Forum Newbie
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Last Login: Monday, June 01, 2009 6:06 PM
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| | Do not buy in a place called El Gouna, you will find your contract is not worth the paper it is written on and you are buying property that cannot be registered as the developer does not own it, be very careful. |
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