Hello everyone
We are off to El Gouna, a place by the Red Sea in Egypt, looking for a possible property to purchase, partly as a holiday home and partly to rent out. I would be really interested to hear your views on what you consider what property you would prefer if you were looking to rent somewhere, if all were similarly priced.
1. A two bedroom marina apartment with lovely views
2. A two bedroom apartment with direct access to a beach and sea water lagoon you can swim in
3. A three bedroom house on a lagoon beach, with roof terrace and views over golf course.
All are within easy reach of sea and facilities/shops of the resort.
Your views would be very much appreciated. Thank you in advance.
Penny
Which type of property do you consider the best to rent out?
-
pennyayers
- Posts: 7
- Joined: Mon Sep 19, 2005 3:35 pm
- Location: El Gouna, Egypt
- Contact:
Penny,
"If all were similarly priced", who wouldn't prefer 3)???
There seems to be some consensus here that small units have a higher percentage return. That is certainly our experience: we have a studio, a 2 bed & a 3 bed property. Per person rental income is far higher in the studio than in the 2 bed .... & in the 2 bed than in the 3 bed.
"If all were similarly priced", who wouldn't prefer 3)???
There seems to be some consensus here that small units have a higher percentage return. That is certainly our experience: we have a studio, a 2 bed & a 3 bed property. Per person rental income is far higher in the studio than in the 2 bed .... & in the 2 bed than in the 3 bed.
Best,
Alexia.
Alexia.
Just what I was about to say... large properties are easy to let at peak times, but far less easy out of season. If I was looking for year round letting, I would tend to go for something smaller.tansy wrote:there is no doubt the smaller apartments/properties are easier to sell 'off season' - the big family properties sleeping 10 are hard to shift this time of year.
Aaron
They all sound fabulous to me!! A 3 bedroom property doesn't sound too big 
I've had couples in my 3 bedroomed house and other small groups.In the middle of summer it's been families although a couple did book for August but ended up bringing 2 others,still only 4 though.You do get flexibility in that if 2 or 3 couples want to travel together they can (my last 4 groups of guests have been 2 couples). 
www.thepetitmanoir.com
I've had couples in my 3 bedroomed house and other small groups.In the middle of summer it's been families although a couple did book for August but ended up bringing 2 others,still only 4 though.You do get flexibility in that if 2 or 3 couples want to travel together they can (my last 4 groups of guests have been 2 couples). www.thepetitmanoir.com
-
Hells Bells
- Posts: 13173
- Joined: Sat Apr 30, 2005 8:42 am
- Location: French Alps
- Contact:
-
pennyayers
- Posts: 7
- Joined: Mon Sep 19, 2005 3:35 pm
- Location: El Gouna, Egypt
- Contact:
, how did you get on in your reco trip?
Had some spam software to accompany him too- I went and clicked on his link just too soon, my brain was saying "no" but the fingers had hit the "read" button ! 
El Gouna
Can I just say that I love El Gouna and if you buy a place let me know and I will rent it off you! As for size, well 2 beds seems like a good bet, and any size if it has a pool!
'What would I do if I knew I couldn't fail?
-
pennyayers
- Posts: 7
- Joined: Mon Sep 19, 2005 3:35 pm
- Location: El Gouna, Egypt
- Contact:
Hi,
Sorry never got back to you, but yet we did buy, but not what we went out for! We eventually settled for a small one bedroom apartment, which is quite basic, but with a domed ceiling in the lounge, a vaulted ceiling in the bedroom and a large balcony with fabulous views over the lagoon. We've had it a couple of years now and all is going well. In fact so impressed we've invested in what will be a similar resort along the coast. This time its an off plan 2 bedroom apartment. The resort will be amazing when its finished, with golf courses, a sunken city for divers, 5* hotels and a futuristic marina.
Sorry never got back to you, but yet we did buy, but not what we went out for! We eventually settled for a small one bedroom apartment, which is quite basic, but with a domed ceiling in the lounge, a vaulted ceiling in the bedroom and a large balcony with fabulous views over the lagoon. We've had it a couple of years now and all is going well. In fact so impressed we've invested in what will be a similar resort along the coast. This time its an off plan 2 bedroom apartment. The resort will be amazing when its finished, with golf courses, a sunken city for divers, 5* hotels and a futuristic marina.