It is indeed strange; most Developers in Egypt find the opposite, there is a much bigger demand for studios and one beds. This is logical with so many couples and divers coming out. Also the flight costs must put big families off.

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

Dave I also find that clients tend buy the smallest units first. Its good for you that you sold the bid ones first.

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http://moroccoproperties.blogspot.com/
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Maybe it's not just because they were 3 bedrooms but the fact that they have other facilities that make them attractive (3 balconies, 2 baths etc), not just the price being the big thing.

Anyway I now have four 1 bedroom units that used to be 2 bed ones, so maybe it will open up a new market for my development.

Thanks for the experienced notes.
..
.

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Your welcome.

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www.propertyborders.co.uk
http://moroccoproperties.blogspot.com/
Moroccan Hospitality With British Professionalism
NAEA membership number 47901

I'm currently considering buying a 1 bed at Regency Beach. Can anyone advise when it will be ready and also how have you financed this?

I am able to pay cash u front but would rather take out a mortgaege, Do any UK Banks offr mortgage for Egyptian properties?

The only way you could get finance in the uk is to either get a personall loan or remortgage your current property if you have one.I'm pretty sure the development will not be ready till at least next year,however i'm sure they would allow you to pay in what is usually 3 stages.

Once you are in a position to pay 30 or 40% and have signed your contract most Developers will allow flexibility on the balance throughout the construction period. Some will even extend up to a year after you get your keys. A good agent will always try to secure the best deal for you.

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

The current payment terms for Regency Beach are as follows:

GBP1000 Initial reservation fee (refundable)
35% Deposit (less the initial reservation fee) payable within 21 days of contract
20% six months following initial deposit
20% twelve months following initial deposit
25% upon completion

The development will be constructed in two phases. Phase one will be completed in early 2009 . Phase two will be completed late 2009.

They are also offering 5% discount for anyone paying 90% at the time of contract.

I have to say that I think this is a pretty poor discount for cash - you'd be better off keeping it in the building society for 18 months, wouldn't you?

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EGYPT REAL - Your One Stop Shop for Hurghada Property

Author of: Propertastic's Complete Guide to Hurghada Property and Egypt's Red Sea Riviera Real Estate

Hello everyone!

Is anybody thinking about buying a flat in Regency Beach?
Or better - anybody already bought one in this development?

Do you think that 500/m2 in Regency Beach is better from the
financial point of view than 400/m2 in Lotus Breeze? Are
developments right on the beach much more wanted?

ACP

If we can sell our lame duck of an apartment in Latvia, I am planning on buying at Regency Beach with my ex-girlfriend.

It's a tough decision as I like Lotus Breeze as well. But there's only a limit amount of beachfront that's ever going to exist and so I think that this warrants the price premium.

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EGYPT REAL - Your One Stop Shop for Hurghada Property

Author of: Propertastic's Complete Guide to Hurghada Property and Egypt's Red Sea Riviera Real Estate