I feel you are making the right move I my child was 14 I would wait too, but you can get some very good deals in Hurghada if you buy off plan and you can watch it being built over a year or so which would be ideal. Also in that time you can learn more and more about the place. So basiclly you can buy at todays prices and recieve your villa/apartment in 1-1 1/2 years time and the value would have gone up too.

Wishing you all the best let us know how you get on too

Jayne