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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.

Marsa Alam - Page 46

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  #451  
Old 11-07-2008, 06:15 PM
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haha I know what you mean, we could convince ourselves either way. I feel I am lessening the risk by having arabic and English that way I can either go to Dutch court or Egyptian if I need to. Hopefully hopefully it wont come to that!!!!!!! I couldnt handle the stress. I keep looking at resales and thinking christ how much easier would that be!!! at least we know it is built.

arghhhh I hate risks......
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  #452  
Old 16-07-2008, 11:06 AM
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Just to let you know the latest on the meeting that was held last week re the Due Diligence. From IPI:

'One final document verification was requested at the meeting on the 8th and Jurgen has flown to Egypt to get this from the Ministry of Tourism. He will arrive in London on Friday and a meeting is scheduled with Anthony Seddon & Co and we hope that the report will be released very soon after this. Unfortunately this is the problem with providing a third party report, is that all of the information has to be checked and verified which not only takes time but also leaves at the mercy of the solicitors.'

It seems we will have to wait a little longer!
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  #453  
Old 21-07-2008, 04:07 PM
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Hi everybody
Has anyone heard anything about the due diligence I have tried phoning Sue Lovett but keep getting the answer phone and I am getting no reply to requests for her to phone me back. I have also heard that people from Zafarana have also had problems contacting her, does anyone know if she is at work? I have just sent an e-mail and I am awaiting a reply.

Cliff

Last edited by Cliff277; 21-07-2008 at 06:21 PM.
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  #454  
Old 21-07-2008, 06:34 PM
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Quote:
Originally Posted by Cliff277 View Post
Hi everybody
Has anyone heard anything about the due diligence I have tried phoning Sue Lovett but keep getting the answer phone and I am getting no reply to requests for her to phone me back. I have also heard that people from Zafarana have also had problems contacting her, does anyone know if she is at work? I have just sent an e-mail and I am awaiting a reply.

Cliff
Hi again
Just received a reply from Sue. Jurgen met withe Anthony Seddon and Co last Friday and they have promised to get the Due Diligence out to clients this week.

Cliff
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  #455  
Old 22-07-2008, 09:35 AM
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Hi all, does anyone know if Zaeid is able to work on our behalf or not? Has anyone had a solicitor look over their contract? If so, what did they think?
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  #456  
Old 22-07-2008, 01:14 PM
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Hi there, zeiad has sent me his report so I imagine he will be dealing with everyone's shortly. It will be worth sending him a reminder requesting his report.

He didnt amend a lot (just a few things important in Egyptian Law) so I am going to add my comments to the contract myself and then add his extra comments in.

Lou
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  #457  
Old 22-07-2008, 06:28 PM
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thanks Louise, was it money well spent?
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  #458  
Old 22-07-2008, 08:02 PM
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Hi Chris,

I am just about to email my report to everyone. I also urge everyone to chase him up for their report.

Lou
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  #459  
Old 23-07-2008, 12:58 PM
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Hi all,I have just reserved a 2bed apartment in Marsa Alam Beach Resort. Sue have sent me the

contract. What about the report of Zeiad? When will the due diligence be avavilable?

Thank you everyone
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  #460  
Old 23-07-2008, 01:20 PM
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Hi Alex

Congratulations and welcome.

We have heard the due diligence will be this week but we are not holding our breath! Hopefully it will be soon.

If you would like to join zeiads group, we are all paying a fixed price.

If you are interested in this please let me know and you can instruct him for the same fee. We are all paying separately. He email address is at the top of the egypt page or you can contact me and I will email his address to you.

Thanks.

Louise
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