Anyone have any idea about investing in buying some land on the red sea, probably close to Hurghada. Please let me know.

I live in the U.S. and been to Egypt few times and been to hurghada one time and seen that there might be some potential in buying a land around hurghada area.

Any experience or thoughts are welcome.

I am an American living here on the Red Sea Coast -- this is what my husband and I do --buy, sell, and develop land here-- let me know if I can answer your questions-- it is the best investment now -- but quickly changing as the prices are getting higher and higher.

Keep in touch,

Thanks for your reply. I just have few questions and i do appreciate your time.
-What area is best to invest?
-What price range am i looking at?
-Do you have to be a resident to buy and sell? (Specially that in Hurghada they might have their own laws).
-what kind of land developing are you talking about here? Is it in terms of building and reselling?
-Do you depend on foreigners to sell to? Or do you sell to locals?

That's it for now. I will be visiting Hurghada soon, but not sure what area is best to look in, to invest. But hope your answers would give me some guidance.

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Originally posted by Medhat:
I am interested too Suzanna:
I am going to retire from my medical practice in the US this year, and will move back to the Old Country.
I will be looking for investment opportunities in Egypt. I already have a condo in Sharm, but would love to semi-retire in Hurghada.
Any advice would be appreciated.
Thanks

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