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[QUOTE]Originally posted by distantdreamer: [QB] Redseaschool Have to disagree with you. We actually bought a resale on El gouna, and when we were looking there were very few available for resale. They were being snapped up very quickly so we had to get in fast. When the property is sold for the first time in El Gouna you have to offer it to Orascom, after that you can sell it through whoever you want, at whatever price you want. I know serveral people in El Gouna who have also bought resale properties and several that have sold and are very happy with the massive profit they have made. So there is in fact a resale market, but obviously the better the location/property the easier it will be to sell, as everywhere. Sahl Hasheesh will be different, as you do not have to sell it back to the developer so will be free to sell it whenever you like and to whoever you like. I already know someone that has flipped his apartment in Sahl Hasheesh and has made a handsome profit. [/QB][/QUOTE]
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