I have just received details of the marsa alam development. Looks very interesting. A 2 bed apartment for 39,950 euros with 10% guarenteed rental for 5 years.

Dave, I read here u were pretty negavite about the Marsa Alam, I'd suggest u stick to ur Hurghada and leave the cream to those who apreciated Marsa Alam earlier.
Isn't that right, folks?

Ted

I heard in Zafarana they were sold out first and suggest they will have the best re-sale value. lus - roof terrace - great for BBQ, etc...
I got a post card from my agent on reservation - "Life is great... On a Red Sea Riviera..." and she si right

Ted

I'm saying that I'm not interested in selling Zafarana but maybe I am interested in selling in Marsa Alam
- just like to know how the "principle" that's on offer has actually already worked in Zafarana by this company.

I happen to think that Marsa Alam is a good long term bet, especially if it can avoid some of the development issues around Hurghada, and it not all bought up by one or two big orgnaisations.


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So that would be £30'000, is that finished with kitchen and fully furnished or is that extra, what about aircon too.

Most of the land in Marsa Alam has already been bought up by just a very few companies and land prices are as high or higher than Hurghada. This means that anyone buying now will be paying the same at least per m2 as Hurghada without so many people looking to buy there. This may be why you have such attractive rental guarantee schemes; these are built in to the price and it is you the purchaser who is paying for this make no mistake.

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PROPERTY SHOP INC. International Property Brokers
EGYPT REAL - Your One Stop Shop for Hurghada Property

ha ha ha ha ha
you were giving out here to somebody earlier that they were promoting Marsa Alam vs Hurghada.
ehhhhhh, no good now to be changing ur opinion.

Ted

Do I detect that dave99 may be thinking of becoming an 'agent' as well as a 'developer'?
Tut, tut I thought you didn't approve of agents, preferring to sell direct. Could this be the first 'U Turn' of 2008?

__________________
PROPERTY SHOP INC. International Property Brokers
EGYPT REAL - Your One Stop Shop for Hurghada Property

Anybody looking into buying on Zafarana 2 if so what type of property is still available?.
Also anybody bought on Zafarana 1 is this now complete if so how are the rental guarantees?...

Hi everybody, could anybody tell me what a one bedroom sea front apartment in Zafarana is worth today, only we bought in dec 06, but when we look on web site they still seem to be for sale for round about £21,000, also the last time we received a newsletter was dec 07 only they are running late and we think they will soon be paying a late penalty.