Published: 19th April
Industry counts the cost of volcanic chaos
Overseas property agents are preparing for the worst as the travel chaos caused by a volcanic ash cloud over Europe enters its fifth day.
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User Comments
The Icelandic eruption has certainly meant significantly fewer clients from Northern Europe,
We have had three inspection flights from the UK cancelled. However, Egypt Real specialises in sourcing 'value for money projects' for first time buyers and the local market so this week has not been a complete disaster.
We have sold 10 of these properties on the telephone this week; but then with a two bedroom finished apartment costing under 20,000 GBP this is a relatively low risk investment.
Peter Mitry,
Egypt Real