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Where have you bought in Egypt and why Where have you bought in Egypt and why
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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.

Where have you bought in Egypt and why - Page 12

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  #111  
Old 18-05-2008, 11:25 AM
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Originally Posted by reda1904 View Post
My partner and I are undecided whether to carry on renting in Hurghada and invest in Sahl Hasheesh or to buy something in Hurghada itself. We have lived in Hurghada for sometime now and like it but when thinking about the best investment for the future maybe Sahl is the better option. Anyone got the answer?
Have you seen this thread for more thoughts on the subject?

http://www.totallyproperty.com/egypt...esh-etc-7.html
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  #112  
Old 18-05-2008, 12:47 PM
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Sahl Hasheesh will be an amazing resort when everything is finished; you only have to look at El Gouna to see what will happen to prices. For pure investment it is the perfect choice. However, it depends why you are buying; if you live and work in the town then the cost of living will undoubtedly be lower and you will be living more as part of a local community instead of a largely 'tourist' community who will come and go. You have to weigh all of these things up before you decide.
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  #113  
Old 26-05-2008, 08:53 PM
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Just wondering if anyone else on the forum has bought at Veranda in Sahl Hasheesh. It was our first overseas investment and we are very pleased with what we have bought although found the idea a bit daunting to start with. A friend of ours has also reserved an apartment there and they already have quite a collection of property in Hurghada and Sahl Hasheesh- something to aspire to! Does anyone have any photos showing how work is progressing on the site as we won't be able to get out there for a while yet.
Louise, I am contemplating investing in Veranda but im still undecided (1st time buyer/investor too). The main attraction for me at the moment is the proposed long lead time (it gives sahl hasheesh opportunity to gentrify) come Q4 2010, Sahl Hasheesh will be well on the way to emulating the success seen in el gouna in my opinion, its just taking that next step.

out of interest what were the reasons you invested in Veranda? which agent and solictor did you use?

Steve
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  #114  
Old 28-05-2008, 03:18 PM
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Originally Posted by The Smart Money View Post
Louise, I am contemplating investing in Veranda but im still undecided (1st time buyer/investor too). The main attraction for me at the moment is the proposed long lead time (it gives sahl hasheesh opportunity to gentrify) come Q4 2010, Sahl Hasheesh will be well on the way to emulating the success seen in el gouna in my opinion, its just taking that next step.

out of interest what were the reasons you invested in Veranda? which agent and solictor did you use?

Steve
what exactly you need to know smart money
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  #115  
Old 09-06-2008, 02:54 PM
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I've just paid a reservation fee to the Agent for a one bedroom On lotus Breeze, The development seems to be in a good location 150m from the beach and I am lucky to be having a sea view, Hughada seems to be an up and coming are for investment.
This is my first investment abroad so if anyone can give me tips on the process and pitfalls It would be appreciated
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  #116  
Old 10-06-2008, 10:17 PM
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I bought on the marlion...10% rent for 5 years, cashflow positive beach front. 4 weeks free use per year

Stacks up
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  #117  
Old 11-06-2008, 12:09 PM
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I bought on the marlion...10% rent for 5 years, cashflow positive beach front. 4 weeks free use per year

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Is this with a guaranteed mortgage do you mind me asking?
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  #118  
Old 11-06-2008, 12:20 PM
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yes the mortgage is guaranteed for 5 years at 10%...very competitive indeed.

I would be happy to send you through the details if you would like more info.
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  #119  
Old 12-06-2008, 04:48 PM
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yes the mortgage is guaranteed for 5 years at 10%...very competitive indeed.

I would be happy to send you through the details if you would like more info.
Hi, I can not pm you at the mo, but will do shortly. Thanx.
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  #120  
Old 12-06-2008, 04:50 PM
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great, looking forward to your reply.
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