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getting out of Egypt / resale getting out of Egypt / resale
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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

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  #21  
Old 04-04-2008, 01:19 AM
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OK I bought in Palm Beach Piazza 18 months ago 30000 GBP and sold in November for 58000 GBP. The unit was not registered. It was easy; why? Front line beach apartment in Sahl Hasheesh.

More significantly I am now trying to get a long term let in Hurghada in a front line beach project with a pool and they are like gold dust 600 - 700 GBP per month which in some cases is a 15 - 20% ROI and thats if you can find anything!
are you looking at buying again peter??
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  #22  
Old 04-04-2008, 01:21 AM
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Almost certainly but I have others still to sell; waiting for 'old town' to be open for business.
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  #23  
Old 04-04-2008, 02:20 AM
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Originally Posted by Peter Mitry View Post
OK I bought in Palm Beach Piazza 18 months ago 30000 GBP and sold in November for 58000 GBP. The unit was not registered. It was easy; why? Front line beach apartment in Sahl Hasheesh.

More significantly I am now trying to get a long term let in Hurghada in a front line beach project with a pool and they are like gold dust 600 - 700 GBP per month which in some cases is a 15 - 20% ROI and thats if you can find anything!
WOW it was 30000K i hope this make all people around feel safe about investment in Egypt
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  #24  
Old 04-04-2008, 10:53 PM
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We are seriously considering selling our apartment in Regency Towers round about September time but wouldn't even know where to start.

Is it just the same as the UK where you speak to an estate agent, put it on the market and pay the estate agent a % off the sale value?

Anyone any ideas?

Lyndsay
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  #25  
Old 04-04-2008, 10:59 PM
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We are seriously considering selling our apartment in Regency Towers round about September time but wouldn't even know where to start.

Is it just the same as the UK where you speak to an estate agent, put it on the market and pay the estate agent a % off the sale value?

Anyone any ideas?

Lyndsay
i think the best is to wait till septmber and then offer it with the time price
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  #26  
Old 04-04-2008, 11:12 PM
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Originally Posted by lyndsay552 View Post
We are seriously considering selling our apartment in Regency Towers round about September time but wouldn't even know where to start.

Is it just the same as the UK where you speak to an estate agent, put it on the market and pay the estate agent a % off the sale value?

Anyone any ideas?

Lyndsay
Dear Lyndsay

It seems to me that you should speak to Peter Mitry. He has already successfully done what you are contemplating and reports that it was easy and very profitable. Very interested to hear how you get on with selling your unit and hope you will relate your hopefully very happy ending to all of us on this forum.

Yours

Jeremy
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  #27  
Old 04-04-2008, 11:15 PM
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Thanks Jeremy

I'm meeting up with Peter in a few weeks so I'll ask him then.

Lyndsay
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  #28  
Old 04-04-2008, 11:18 PM
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Thanks Jeremy

I'm meeting up with Peter in a few weeks so I'll ask him then.

Lyndsay

If you are going to be in the area why dont you pay us a visit in El Gouna. Would be nice to put a face to the name
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  #29  
Old 04-04-2008, 11:28 PM
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If you are going to be in the area why dont you pay us a visit in El Gouna. Would be nice to put a face to the name
Excellent Jeremy would love to.

We had hoped to get to El Gouna last time we where over but it just never happened. We're over for longer this time so fingers crossed we will actually get time to take a breath this time.

Lyndsay
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  #30  
Old 04-04-2008, 11:33 PM
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Excellent Jeremy would love to.

We had hoped to get to El Gouna last time we where over but it just never happened. We're over for longer this time so fingers crossed we will actually get time to take a breath this time.

Lyndsay

Just PM me when you are around and have time to pay us a visit and if im in Gouna would be great to meet up.
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