Hurghada Egypt

W

Watson

Guest
Hi,
I have just paid the deposit on a 2 bedroom apartment at Desert Pearl in Hurghada Egypt.

I am after afew opions:

1) Should I use a rental company
2) What do you think people would pay per week (sleeps 6)
3) Is 32,000 english pounds a good price (93m2)
4) Any views on capital gains from this investment?

Thanks
Martin
 
Martin,
Personally I have no answers to your questions.
But if you dont know the answers already, why did you invest in such a property? Surely you did some research prior to handing over your money (even a deposit)?
 
If you don't know if it's a good price then it's likely you bought through an agent and it's high likely you bought at an inflated price. You can't rely in capital appreciation so you should be trying to at least break even with your rental or turn a profit. Cheap apartments are not always good value appartments.
 
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