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Go Back   Overseas Property Investment Forum > Africa Property > Egypt property

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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  #31  
Old 07-02-2008, 11:30 AM
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Some good advice about the extra costs.
Also, remember that if you are buying off-plan and paying over two years you are not really getting it interest free as you won't actually have anything for two years (plus 3 months late delivery). In fact, the developer will have at least some of your cash and you will be losing interest over that time. If the capital gain is good enough then that would cover it but do bear in mind that anything can happen over a couple of years.

Mark .Y.
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  #32  
Old 07-02-2008, 11:49 AM
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Quote:
Originally Posted by realestatemart View Post
Realy you Are Rushing things If I were you I will wait till i come here to see the real, aand to tell you the main Building of this hania beach outside is realy old its at least 8 years old and its since long time ago builld and left
so its not new if i were you i check other projects as you can come here and have sites views in all and then decide






has anyone got any info on comments from realestatemart on the fact that hania is not a new development but old building refitted
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  #33  
Old 07-02-2008, 12:46 PM
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Originally Posted by jeremy bright View Post
has anyone got any info on comments from realestatemart on the fact that hania is not a new development but old building refitted
I do not know about this specific development but that stretch of road has a number of shells of buildings that were started but never completed . Some up to 14 years old.

Developers may be buying these up to finish them so essentially the finish would be new .

I am all for this as at the moment they are eyesores and spoil the whole area.Better to do this than build something new and have one of those empty shells as your view !
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  #34  
Old 07-02-2008, 09:29 PM
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Originally Posted by MrSkipsey View Post
Aegean, what are the extra costs?
Do you have to pay a % of the property value in ground rent / maintenance?
Is there a general yearly tax such as our council / poll tax?
If you own the deeds to the land or property can the government take it from you or build through it?
Can the government make you contribute to roads leading into infrastructure?

I really like the sound of Hania Beach and after speaken to the agents on the phone am trying to work out the money side.
If its unobtaibable at the moment there is nothing stopping me finding out everything I need to know and trying again financially in 6-12 months.
wish you luck
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  #35  
Old 08-02-2008, 04:52 AM
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wish you luck
Fingers crossed!
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  #36  
Old 08-02-2008, 01:19 PM
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Fingers crossed!
i don't know what you mean
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  #37  
Old 08-02-2008, 01:28 PM
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Hi fingers crossed is an English saying.

It means to hope for success. The saying derives from the superstition that bad luck may be averted by making the sign of the cross.
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  #38  
Old 08-02-2008, 01:34 PM
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Originally Posted by queenie40something View Post
Hi fingers crossed is an English saying.

It means to hope for success. The saying derives from the superstition that bad luck may be averted by making the sign of the cross.
Oh
New info good to know
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