QUOTE(forex&property @ Jun 1 2007, 10:06 PM) [snapback]655434[/snapback]
How does anyone feel about property investment in Egypt, im looking at a Resort THE ZAFARANA, most projects look good, nice and cheap:) this offers a 10% rental guarantee which will generate some cashflow. Be nice to hear any opinions . You can take a look at worldwidefrontiers.com .
I almost bought last year there for 15K Pounds. Then I realized that the closest airport are at 200 KM(Cairo and Hurghada) and it is quite risky to drive for longer distances in Egypt. There is also some polluting industry not very far to the NOrth.
15K POunds it is an OK price, I have not been to Zafarana, maybe it is worth it.