Quote:
Originally Posted by wghosh
hi
welcome and congrats on your purchase... i am not sure how the freehold works in hurghada or how leasehold works in sharm.. i thought that freehold meant land also .. there are many who can help you out on here!! having been to both hurghada and sharm personally i prefer hurghada due to its size and more extensive facilities.
what exactly have you bought and what drew you to egypt apart from yearround sunshine??
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a close friend has an apartment - we used it and loved the place. We like the sunshine and have always wanted our own place in the sun.
The people made up our minds, their temperment and cultural upbringing coupled with the fab diving convinced us to buy.
We have friends on the complex and we have decided to buy a studio apartment at £26k- we want it as a holiday get away and felt if anything went wrong its not the end of the world at this price.
im now worried that we should have looked at hurghada however we have been to the complex 3 times and already have friends in the community so we felt it was right.
Have always gone with my feelings and it felt right.
Just reading since leaves a little concern on future for sharm development and possible consequences for long term re-sale due to 99 year lease.
thanks for your reply.