hi

welcome

nice to see a fellow coral sea pearl investee!!

yes egypt does have a lot to offer for the prices. i only wish that i had more money to buy a few more. hope you will be happy with your purchase and long may it bring you happiness and some cash!!

as you may have seen from Neil from Rivermead, the photos are great, the location of the complex is a major plus and there is a readymade showcomplex next door to showcase the finish when we finally take hold of ours come next year... ill try and take some new snaps. im not very good with a camera. im normally too drunk to hold it lol...
regards wayne

think coral sea pearl will be a great investment

this is a first for me so ive approached it with caution.

the prospect of owning a place overseas fills me with joy. and below 20k for year round sunshine fantastic people and that jewel called the red sea.. how great is that.. if i had the money available , id buy a couple more but i havnt'
so glass half full.. cant wait till 2009.

anyone wishing to have pics please let me know as im off there in less than two weeks.

you it contractors are paid too much lol

i was in recruitment for 4 years and blew my money.... hope hurghada is going to be a financial friend of mine

QUOTE=Ray_k;31818]Missed this thread at first but seen it now....


My name is Ray from Manchester 29 year old I.T contractor. Been married for 3 years no kids yet but one is on the way

Its my dad who got me into investing in property as I was no good at saving money in a bank account, it was too easy to spend & I always ended up spending it on something stupid or depreciating assets. Having missed the property boom here in the UK decided that an overseas emerging market is the place to invest.

Anyway together with my dad I now have 4 overseas properties, 2 in Dubai, 1 in Ajman & recently reserved one in the Coral Pearl, Hurghada. One of the properties in Dubai is built and rented; the other is due for completion end of 2009 as is the one in Ajman and Coral Pearl due in March 09. Looking to rent all of them out however, wish to use the Coral Pearl one as a regular place where I and the wife can relax a few times a year.

I'm really excited about Hurghada as it looks full of potential although I have never been to Egypt but research suggests it’s a nice place for holidays and lots of things to do and see.

I’ve been reading around on the various posts and it seems people are not entirely happy about the lack of information from the developers WWD regarding completion dates etc, this is a bit concerning although I haven’t got to that stage yet as only reserved a few days ago. I hope together whoever has bought in the Coral Pearl we can collectively put pressure on the developers when needed to get things resolved quickly and efficiently. With experience in the Dubai market it was not uncommon for development projects being delayed and not hitting targets...I suppose this is all part of buying off plan in emerging markets.

Regards
Ray[/quote]

Hello Ray we have also bought at the Coral Sea Pearl - just thought I'd let you know. Your suggestion for CPS investors to unite is a great idea, there's nothing wrong with a little pressure when necessary. Congratulations on your forthcoming event.
Regards
Sue & Gordon

Hi Sue good to hear there are a few of us on here invested in the CPS. Collective pressure always works better then individual queries, people stop and listen when theres several people banging on about the same thing.

Once the CPS is completed and we start paying our monthly/yearly service charge it may also be a good idea to have a residents / owners meeting once every three months or so to discuss any issues that need to be brought to the management companies attention. Obvioulsy physically meeting up would be impossible but this forum would be a good place for fellow CPS investors to bring any questions/worries they may have. Someone could document the minutes and these could be sent to the management company.

This way we should be able to insure our service payments are spent in the right areas and the development is maintained properly.

im trying to get some money together to buy another.

look at the prices of other entry developments starting 19 20k plus for studios.. surely there is some money to be maid here

hi welcome fellow csp investee... thats about 5 ov us lol.. bargain hey mate ..

hope you enjoy it and can wait that long ...

u thinking of buying elsewhere??

not at present! have a couple of apartments in uk, but never say never.
I hope to be going over to H soon to give the place a once over, just for a quick weekend with Ray_K

By the way we are not like that!!! he's happily married and expecting his first kiddy and any way he's a man U fan so couldn't bring myself to fancy him.
I just work with him.I'm single and straight!!

if he gave me the money to buy another unit i still wouldnt fancy him lol being a manu fan...

been a bad day at the office today for my team tho.. hope milan roll us over next week and then benitez gets the sack..before u say ..i was against him from the start ..

Now! IF he paid for my place i'd have to think about it!!!!!! but i know there's no chance of that happening!!!!!!
Yes I see what you mean, bad day!!