La Place (6)
Zut alors! Is it really still possible to get a pied-a-terre right in the centre of Hurghada for just over GBP7,000/ EUR8,000?
Mais oui! At La Place!
La Place is a new development right in the heart of Hurghada's new up-and-coming Intercontinental district - five minutes away from the bottom of the Promenade, five minutes away from the beach and just ten minutes away from the airport by taxi.
Although La Place is a small and exclusive development featuring just over 30 apartments, it offers the same amount of facilities as you would find in developments with many more units. As well as a decent sized swimming pool, La Place offers a rooftop terrace with a bar and beautiful seaviews, a laundry, a pharmacy and even a fully equipped gymnasium.
But, best of all, La Place offers the chance for buyers to invest in Hurghada property without spending beacoup d'argent. Normally, the small but perfectly formed studio apartments start from around GBP9,500/EUR11,000 - perfect for anyone just looking for a holiday home for a few weeks each year and offering great rental yields.
However, anyone who has the cash available to purchase right now can get themselves an even better deal, as the developer is currently offering a 25% special discount for cash buyers, which brings the starting price down to just over GBP7,000/ EUR8,000 - a real bargain for any properties right in the centre of Hurghada.
The developer is selling just two units at these discounted prices, however, which means that you are going to have to be quick off the mark to take advantage of this offer, so don't delay if you want to grab yourself a bargain.