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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.

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Help / Advice / Where to Buy in Egypt - Page 9

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  #81  
Old 11-06-2008, 06:18 PM
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Originally Posted by Lsab View Post
Who is your agent Peter and on what development are you buying? Perhaps with that information other agents and members can tell you if this is the correct process.
Yes I went through Knight Knox and they are now asking me to contact someone at nomorehotels. The Property is Lotus Breeze Hurghada
Peter
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  #82  
Old 11-06-2008, 06:24 PM
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Originally Posted by Peter07 View Post
I have Registered for an apartment in Hurghada with one company. Now I have sent the registration fee. The first time I contacted him with an inquiry he has told me to speak to another company. I think the Developments agent!
This is a little off putting to say the least.Is this normal?
Can anyone tell me what the next steps I need to go through as this is my first purchase
Peter:
Ask for your reservation fee back and find a decent agent.
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  #83  
Old 11-06-2008, 06:25 PM
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Yes I went through Knight Knox and they are now asking me to contact someone at nomorehotels. The Property is Lotus Breeze Hurghada
Peter
what is this???????????
You shouldn't send the reservation fees this is not the right way for work, if you deal with an agent this agent is responsible to follow up and care about you all the way till the end, and even they should advice you what is good and what is bad but to divert you to another sales agent this is VERY ODD and strange, I don't like to talk about my self and Neil or Peter can correct me, Agent should care about the client even after the sales is done doesn't mean you get your money you kick me out and deleted me from your accounts OHHHHH GOD I can't imagine how they work, if i were you I would cancel the sales and take my money back and go direct to any other respective agent whom would care about you on the right way, as if you go for the first payment this agent will get its money but as long as you didn't they will not get any money so they deserve to do this, cancel and go ahead with the developer direct or any other agent no one will blame you if you did so, I'm realy so angry on your behalf if you let me

I realy wish i can do something to help you but if any more questions let me know

Regards
George
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  #84  
Old 21-06-2008, 02:04 AM
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Question Help / Advice / Where to buy in Egypt

I'm thinking about buying in Egypt but there seems to be so many available, I could do with some advice. I have 20,000 to spend but that includes legal fees. Does anyone know of an off plan site where I can get a studio worth investing in.
Jane
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  #85  
Old 21-06-2008, 09:35 AM
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Hi Jane and welcome to the forum

Yes you are right there are so many to choose from.

One that has caught my eye recently is Oasis Marina and with your kind of budget you could avail of their 25% discount and get a beach front studio for £16,800 and that includes legal fees.

Also they are doing an offer where you only pay 60% of the value of the property and the other 40% is paid by their rental guarantee scheme over a period of 5 years.

Hope this gives you somewhere to start

Lyndsay
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  #86  
Old 21-06-2008, 10:14 AM
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Hi Jane and welcome - I have merged your thread with this existing one where you may also find some information.
Off the top of my head La Serena in Nabq has studios for under £20,000 see http://www.propertycommunity.com/forum/egypt...abq-sharm.html
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  #87  
Old 23-06-2008, 12:43 AM
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Hi Alison, Wayne and I are going to Hurgada in september and our apartment should be completed. We signed and payed for it, but we haven't yet done anything else at all. Now while we have the chance to go over there, is it better to get a notary over there and all the rest of the stuff or what? I have lost track of the next steps we are suppose to take. Lol. I'm useless really Lol.
Cheers Dawn
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  #88  
Old 23-06-2008, 12:53 AM
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Hi Dawn - if will be cheaper when you are over yes. You will need to go to the passport office in Hurghada to then be able to get POA at the notary. I paid around £15 for both visas and £4 for the POA. Only one of you needs to get the visas.
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  #89  
Old 23-06-2008, 01:01 AM
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Hi Dawn - if will be cheaper when you are over yes. You will need to go to the passport office in Hurghada to then be able to get POA at the notary. I paid around £15 for both visas and £4 for the POA. Only one of you needs to get the visas.
Hi, that would be great to get it all done while we are over there and we will open a bank account aswell. Thats cool.

Cheers Dawn -x-
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  #90  
Old 23-06-2008, 01:21 AM
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Originally Posted by lyndsay552 View Post
Hi Jane and welcome to the forum

Yes you are right there are so many to choose from.

One that has caught my eye recently is Oasis Marina and with your kind of budget you could avail of their 25% discount and get a beach front studio for £16,800 and that includes legal fees.

Also they are doing an offer where you only pay 60% of the value of the property and the other 40% is paid by their rental guarantee scheme over a period of 5 years.

Hope this gives you somewhere to start

Lyndsay
Hi Lyndsay & Jane,
cheapest studio in Oasis Marina when you go with rental guarantee scheme where you pay 60% ia 20030 GBP but this doesn't include legal fees, but there is a development called Red Sea Pharoh where she can get a studio or a small one bed under 20000 GBP and this include legal fees for POA and prime contracts but if you want to get the green contract where you register it @ court you do it on your own.

I hope my answer helped, if you have any more questions please don't hesitate to ask and will be here any time

Regards
George
HUrghada Base
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