Hania Beach, Central Hurghada, Egypt - Due for completion Summer '09. - Page 66

redangel7861 · #**651** 27-05-2008, 12:02 PM

Quote:

Originally Posted by tima

Hi, i have just paid 2,000 deposit on an apartment at Hania Beach and would love to hear from anyone else who has done so. Also, i have been sent a letter from a solicitor (Anthony Sneddon & Co) asking for 1250 up-front is this normal and is anyone actually using this firm and if not why and any advice on who to use would be appreciated..also told the prices were due to increase on the Monday after i paid my deposit.. that was 2 weeks ago and it still hasnt happened.

Regards
Tima

HI Tima.

Welcome to the forum and congratulations in your purchase. As others have stated, many of us are using the services of Zeiad and not going via Anthony Seddon. Zeiad comes with a very good reputation. We are awaiting the results of the Due Diligence before we proceed to the next step.

Regards
RED

redangel7861 · #**652** 27-05-2008, 12:06 PM

As so many of us are going via Zeiad, you think it would make sense that IPP ltd would get in touch with Zeiad and provide him with all the information he needs to speed the due diligence process up. That would be beneficial for us and IPP Ltd.

That's my opinion for what it's worth.

Rgds
RED

Lsab · #**653** 27-05-2008, 12:33 PM

....and a good one too!

I emailed Kathy to tell her that we weren't going with Mr Seddon and wouldn't send the contracts until our lawyer had done the DD. She was fine about it. Hopefully she'll pass on the message. Maybe there's not enough of us - percentage wise - going with Zeiad for IPP to get concerned. I know it's less of a problem for us as we've got a fairly long date before we have to pay the first installment - I can afford to be a bit laid back!

rossantony · #**654** 27-05-2008, 12:34 PM

[/quote] Articles i've been reading are stating a rental income of between £195 to £600 per week for beach front apartments in Hurghada based on the views and size of your apartment. RED[/quote]

Hi Red, on rentals, I live frontline in Village Road, 5 star development, private beach, spa, gym, huge pool, gardens, sea view, 65m2, maintenance and housekeeping included, I am 20 metres from the Ocean.

I pay £100 a week.

kind regards

Lsab · #**655** 27-05-2008, 12:36 PM

Little to no experience here but isn't a longer term rental much cheaper than a holiday let?

redangel7861 · #**656** 27-05-2008, 12:38 PM

Quote:

Originally Posted by lsab

....and a good one too!

I emailed Kathy to tell her that we weren't going with Mr Seddon and wouldn't send the contracts until our lawyer had done the DD. She was fine about it. Hopefully she'll pass on the message. Maybe there's not enough of us - percentage wise - going with Zeiad for IPP to get concerned. I know it's less of a problem for us as we've got a fairly long date before we have to pay the first installment - I can afford to be a bit laid back!

Linda, I think there are sufficient numbers going via Zeaid to worry the developer.

I've e-mailed Dan and Zeiad reagrding this matter. Let's hope they can get together and resolve this issue, so that we can move onto the next step.

regards
RED

tima · #**657** 27-05-2008, 12:42 PM

Hi Red, thanks for the reply. Can you give anymore details on how to contact Zeiad and their location. My concern is that i am due to pay the rest of the 40% at the begining of June and im not sure how IPP will react to me telling them there will be a delay. Any thoughts..

queenie40something · #**658** 27-05-2008, 12:47 PM

Hi Tima and welcome - once you have made 5 posts you can send Zeiad a PM - personal meesage via the forum but here are his contact details http://www.totallyproperty.com/egypt...il-change.html he is based in Sharm.

Lsab · #**659** 27-05-2008, 12:54 PM

I'm sure Red will get back to you Tima - but you're not alone. IPP know that a lot of us are waiting for the independant DD from Zeiad. The delay is with IPP rather than Zeiad.

redangel7861 · #**660** 27-05-2008, 12:56 PM

Quote:

Originally Posted by tima

Hi Red, thanks for the reply. Can you give anymore details on how to contact Zeiad and their location. My concern is that i am due to pay the rest of the 40% at the begining of June and im not sure how IPP will react to me telling them there will be a delay. Any thoughts..

Hi Tiam.

I notified IPP today that there would be delays to payment and contracts. They seemed OK about it. Zeaid's email address is:

zeiad.yehia@gmail.com

Rgds
RED