Egypt

[Investinme]

Hi everyone,

New to this forum and have recently started a new job. I am selling overseas property in emerging markets, currently in Egypt. (Hurghada and Sahl Hasheesh) If anyone requires further info on this then let me know, we sell off plan and have 9 developments out there with a capital growth between 15-20%,

Hope you are all well,

Mike

[annethedonn]

Nice, I've recently bought a place in Sharm El Sheikh! Made £13k in one year already!

[jgrock]

Hi everyone,

New to this forum and have recently started a new job. I am selling overseas property in emerging markets, currently in Egypt. (Hurghada and Sahl Hasheesh) If anyone requires further info on this then let me know, we sell off plan and have 9 developments out there with a capital growth between 15-20%,

Hope you are all well,

Mike


Can you PM me details please

Regard
JG

[Investinme]

Have you considerd any more Anne?

All our are freehold aswell...

[Dave H]

What are the typical costs of a place in Egypt?

[annethedonn]

Have you considerd any more Anne?

All our are freehold aswell...

no i haven't, actually i don't think non-nationals get free hold, they have 99 year leasehold only - my husband is Egyptian.... so it's not really freehold.

[Investinme]

Prices start from £19'800 for a studio and rise to £297'000 for a family villa with pool. We sell off plan so only require 40% up to completion, our 9 developments complete between March this year and 3rd quarter 2010.

[Investinme]

That is the case for leasehold properties Anne but all ours are freehold therefor no lease to pay or eventually extend. This being one of the main reasons why our developments are selling so well,

Many thanks

[KreativeJuice]

Have you anything in El Gouna?

[Investinme]

We have developments in Hurghada and Sahl Hasheesh with one about 5 minutes away from El Gouna(Pearl Vista) and 150m from the beach. Our developments in Sahl Hasheesh will be as exclusive as El Gouna but sold off plan therefor at a more attactive price.

[KreativeJuice]

Have you any links to a website or anything?

[Investinme]

Of course, www.worldwidedestinations.com (http://www.worldwidedestinations.com) my contact number is 01480 408 336,

Michael Keating..

[annethedonn]

Well ours is Freehold too, but we don't officially own the land outright as I am not a native, if we had Egyptian passports (my hubby has sudanese passport although mother egypitan and born there) then we would so they say it's freehold, (it is to nationals), but it is really leasehold 99 years - that's supposed to be the law! Correct me if i'm wrong, but that was what the lawyers told us and is common knowledge. Anyway, neither here nor there i'll be dead in 99 years so what do i care! lol

[I, Brian]

I went to Luxor this year - our first family holiday overseas - and loved it. (I posted a couple of pics here: http://www.thetravellerblog.co.uk/jolie-ville-luxor/). Ancient Egypt was a wonder, Luxor was quite a hassle, but overall loved the experience. We went for the monuments, but will definitely be going to the Red Sea sometimes - either Sharm or Hurghada.

Also been looking at the possibility of maybe buying something small to let and holidays in either area. Originally thought to go to Sharm due to freehold issues, but reading the above, seems it won't really matter. Also, thought the Hurghada properties tended to look slightly more expensive.

Will have to holiday first, though, and would also expect property prices to decline due to the economic crisis, but still something I'd look to consider if we can explore the Red Sea next year and really enjoy it. Think the only cloud isn't so much the economic crisis, as much as succession in Egypt - Mubarak is getting old, and while Egypt remains directly connected to the Middle East there are some concerns about stability.

[DickM]

I went to Luxor this year - our first family holiday overseas - and loved it. (I posted a couple of pics here: http://www.thetravellerblog.co.uk/jolie-ville-luxor/). Ancient Egypt was a wonder, Luxor was quite a hassle, but overall loved the experience. We went for the monuments, but will definitely be going to the Red Sea sometimes - either Sharm or Hurghada.

Also been looking at the possibility of maybe buying something small to let and holidays in either area. Originally thought to go to Sharm due to freehold issues, but reading the above, seems it won't really matter. Also, thought the Hurghada properties tended to look slightly more expensive.

Will have to holiday first, though, and would also expect property prices to decline due to the economic crisis, but still something I'd look to consider if we can explore the Red Sea next year and really enjoy it. Think the only cloud isn't so much the economic crisis, as much as succession in Egypt - Mubarak is getting old, and while Egypt remains directly connected to the Middle East there are some concerns about stability.

Beware of the shanty shops selling essence (ladies perfume?), if you show any interest, it can be a lock-in with some very strange tasting "tea" being offered as hospitality. All very charming, and as my wife wanted their essence, which they love a good barter for! ..... we bought a bigger amount than first intended. This was our experience in Hurghada in 2007. Also our tour guide mentioned there was a small flat for sale in the "town" for around £10K :), but we did not pursue, although it seemed a bargain not to pass up.

[I, Brian]

I think I learned very quickly that everyone in Egypt is a salesman - either direct or affiliate - and that to make a sale, outright lying and deception is considered perfectly acceptable!