Hi everyone,

I'm looking for anopportunity to invest into some new frontbeach property development in Hurghada. Actually I was just about to go for Rivera beach, but the project was recently frozen, so I have to continue the search. My basic requirements are – 2 bedroom apartments for 30 000– 40 000£. Does anyone know something worth looking at of a similar kind?

Hi and welcome to the forum. Have you looked at Regency Beach - see this thread http://www.totallyproperty.com/egypt...es-update.html
Hania Beach http://www.totallyproperty.com/egypt...mmer-09-a.html
There is Harmony Beach http://www.totallyproperty.com/egypt...-hurghada.html

Dont know what the prices are so you will need to look in each thread

La Luna is really cheap see http://www.totallyproperty.com/egypt...4-la-luna.html

Dont know if you have seen the Al Rivera thread http://www.totallyproperty.com/egypt...era-beach.html

There is an intro thread where you can introduce yourself and read about others http://www.totallyproperty.com/egypt...oductions.html
and also a legal thread by our ' resident ' lawyer Zeiad who is always happy to ask any legal questions in the thread http://www.totallyproperty.com/egypt...rty-egypt.html

There are lots of helpful members on the forum who will be able to help. If you need any assistance navigating the forum please ask one of the moderators ( Lsab, Lyndsay or myself ) Good luck with your search

Regards

Alison

I'll explore the projects that you have recomended.

I was initially eager to buy in Rivera Beach, but the project was recently frozen for several month, so I'm exploring other options.

Harmony Lagoon Resort - but I doubt you will find a 2 bed for £30-£40k...

http://www.totallyproperty.com/egypt...-hurghada.html

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George/
Sun Homes Overseas Ltd
Properties in Egypt

If you are looking for units in this range and area, i would recommend you also explore Pearl Vista.

Aquarius Pearl is also expected to launch next month and depending when you are looking to purchase this may present you a good opportunity to purchase one of the more desirable at launch.

Alternatively you may want to look at a distressed sale if you are after something sooner?

Hi

What do you mean Rivera Beach has been frozen? I am purchasing here and have not heard a thing. Could you please elaborate.

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Flatley my dear,I don't Riverdance

Hi Rytcher - would appreciate more info on the Riveral Beach 'freeze'! It's the first I've heard about it too

Hi

The reliable propertastic is looking into this. I presume he will confirm the situation when correct legal information is available.

cheers

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Flatley my dear,I don't Riverdance

As I heard Egypt authorities have asked for some changes in the plans for Rivera Beach and the architect has to make some changes and then resubmit them/ It looks that it may some time. That is why reservations for the project were stopped. I think it is just bureocrace and there are no major risks.

Lucky you are! As I wrote before I do not see major risks.