La Place in Hurghada is in the '"super-cheapie" price of a car range: sub GBP15,000 units that are now so hard to find in Hurghada. When we look back in fice years at these prices it will be with nostalgia. This is Aldi prices yet new land prices make it highly unlikely similar property could be offered at this price in this location. It is a unique opportunity here in Hurghada. But why is this?
Land has been historically cheap to buy so we have a situation where low labour costs are still a reality and we get property bargains. No wonder investors from the middle east and Russia are buying here.
La Place is the perfect investment property. Yields of 15% plus are a real reality at these prices. All for the price of a car.
These low prices do not mean a compromise has to be made with facilities or location. La Place has a large swimming pool, and fully equipped gym.
There is excellent access to one of the best public beaches in Hurghada in under 5 mins,.
Location
Located in a central location in the up-and-coming Interncontinental district, plus a fully equipped gymnasium - a facility usually found only in large, expensive resorts.
With this development containing just over 30 units, it's lkely to sell out fast, so bargain hunters are going to have to move fast in order to grab one of these attractively priced units.
| Type | Beds | Bathrooms | Builtsize | Price |
|---|---|---|---|---|
| Studio | 1 | 1 | 22 m2 | £ 10,289 |
| Studio | 1 | 1 | 31 m2 | £ 14,498 |
| Apartment | 1 | 1 | 52 m2 | £ 26,834 |
| Apartment | 2 | 1 | 74 m2 | £ 38,935 |