Hi everyone - have spoken to my agent today. There was apparently a problem with the due diligence paperwork which caused a delay. Hopefully contracts should be out soon though. Has anyone else heard anything??

I got an e-mail from IPI stating they are waiting for an environmental report required by the Egyptian government, seemingly a new law which has delayed things. They have said the contracts are likely to be out by end of May and money to be paid mid June.

Thanks for that. Have chased my agent and got a copy of the email!! Seems IPI had my email down wrong.

Hi . i am totally new to this- forums and property investment.
I am about to buy a junior suite in Marsa Alam Beach resort and wondered if anyone else has already invested or has any advise. It all seems to be very straight forward but i am obviously concerned that we are not just about to become easy prey for dodgy developers , lawyers etc?:eek

Hi there and welcome. There is already a thread on marsa alam (including marsa beach report). I have replied to that thread so hopefully this will have bumped it up to the first page for you. If you scroll back through the pages there is quite a bit of information on there from when we all started putting reservations down. You will see that there are quite a few of us buying there (at least 10 I would say).

We are all pleased with the plans etc. Contracts arriving are a little slow but I think that can be said for most projects in Egypt. Have you been on eyeonworldwide to check out the threads on Zafarana. In general the people purchasing there are pleased with the developer (its the same developer as marsa). They are having a few gripes but these are to be expected.

Anyway good luck hope all goes well.
cheers.

lou

Hi all, may be old news for you but I have been advised that contracts are being sent this week (in order of reservations). Mine was due today but is not here yet - i think they are coming by post. Expect yours in the order you received your phonecall (so today being day 2) etc.

Hope you get yours soon.

Lou

Thanks for bumping the thread Lou - saves me having to find it before I merge them!

Welcome to the forum Graham. This has been a very informative thread and I'm sure will answer a lot of your questions.

If you need any help navigating the forum, just give one of the moderators a shout.

Best wishes

Linda

Hi Lou, Thanks for the update - I hadn't heard anything. Welcome to the forum Grahamgman
Karen.

Hi everyone, wow its been a long time. I keep hoping that the sterling/euro exchange rate will improve as I haven't purchased my euros yet for my appartment. Any recommendations gratefully received. I know I have asked before but you never know if somebody has got a good deal and service recently
Chris