General Chit Chat - Page 59

queenie40something · #**581** 27-05-2008, 06:07 PM

Hi Max and welcome. We and lots of other forum members are buying in Sharm and the 99 yr lease is not a problem at all and it is renewable for the new owner if you sale at a cost of £1000 ( I believe they then get a new 99 yr lease ). There are lots and lots of re sales in Sharm and there is a really nice one which I will be viewing next week for a friend called Sharm Residence. A 3 bed one is 49,950 but the agent said an offer around 45k might be accepted. There were also a couple of 2 beds for sale for 43K. You also get full use of Oriental private beach and gym, tennis courts etc and also 50% off all food bought in the hotel restaurants. There are loads in Hadaba and Naama as well. Some resale studios are on the market for around 18K in Sharm.
Check out the legal thread as well for buying process.

SuziQ2708 · #**582** 27-05-2008, 06:34 PM

Quote:

Originally Posted by maxwan

one question you may be able to help me on is, if i was to go over on an inspection tour or by invite and see something i like can contracts been exchanged by mail or would i need to go back over to sign
regards

Not sure where the thread is myself, but I can confirm that you will need to give PoA to a lawyer over there to act on your behalf if you're not available to be present yourself. We have just returned from the solicitors office where a notary public witnessed and signed our Power of Attorney at the cost of £110, so be prepared! I now have to send it to the Foreign Commonwealth office in London, as it is too far away, by registered post (both ways) and £27. When I receive it back from them it then has to be posted to the Egyptian Consulate, again by registered post (both ways) and a further £20. Finally we have to post it back to our solicitors office in Egypt, again either by registered post, DHL or similar. Be prepared, these little bits and pieces soon add up.

queenie40something · #**583** 27-05-2008, 06:43 PM

It will be alot cheaper for you to get the Visas and POA in Hurghada at the passport office. I think I have posted details of where it is in the Legal Thread. My multi entry and 12 m resident visa was about £15 for both ( multi entry from Embassy in London is £18 ) and then the POA at the Notary at El Tor was just £4.

SuziQ2708 · #**584** 27-05-2008, 06:48 PM

Quote:

Originally Posted by queenie40something

It will be alot cheaper for you to get the Visas and POA in Hurghada at the passport office. I think I have posted details of where it is in the Legal Thread. My multi entry and 12 m resident visa was about £15 for both ( multi entry from Embassy in London is £18 ) and then the POA at the Notary at El Tor was just £4.

Hi Alison,

Yes, I guessed it would be a lot cheaper and easier doing it 'in situ' so to speak. Unfortunately, we're not travelling out until 18th July and its too long away. Besides, it is our 2 week holiday and need time for sunbathing by the pool

Golfgirl · #**585** 28-05-2008, 06:02 AM

Quote:

Originally Posted by M Butler

Hi Elaine,

I don't know much about Sharm as I have only visited once. We decided on El Gouna for various reasons.
It is not on the Sinai peninsula and is regarded as a bit safer. (I can hear the shouts from you Sharmers already, but that is what we have read).
El Gouna is a safe, gated community. It is very well maintained by a team of local people that I believe are employed by El Gouna town (Orascom). It has its own hospital which has a very good reputation. It has a winery and brewery!! It has a very cheap public transport system around El Gouna and into Hurghada. It has a beautiful marina and is in the process of building a new larger marina. It already has one golf course and is building another. When you are a resident you get a card that you can use in El Gouna restaurants and hotels and I also believe on the Toc Tocs and also in some shops. We have been told that there are around 10,000 permanent residents in El Gouna with 200 children at the local school. It looks as though there is a thriving community with young families, couples, singles and retirees of various nationalities, so a really good mix.
Having said all this, it does not come cheap but if you can afford it, it is probably well worth a visit. We love it and hope to enjoy the quiet life for the next few years. (Not too quiet though as there seems to be quite a lot going on).

Hope this helps,
Margaret

Many thanks Margaret for taking time out from your busy schedule and the information on El Gouna was most helpful. I have booked a hotel there for a few nights and looking forward to it.

Once again good luck with your move and much happiness in your years ahead in El Gouna.

Elaine

realestatemart · #**586** 28-05-2008, 01:39 PM

Quote:

Originally Posted by Golfgirl

Many thanks Margaret for taking time out from your busy schedule and the information on El Gouna was most helpful. I have booked a hotel there for a few nights and looking forward to it.

Once again good luck with your move and much happiness in your years ahead in El Gouna.

Elaine

so Elaine you think to buy in El Gouna Now

realestatemart · #**587** 28-05-2008, 02:56 PM

Quote:

Originally Posted by maxwan

one question you may be able to help me on is, if i was to go over on an inspection tour or by invite and see something i like can contracts been exchanged by mail or would i need to go back over to sign
regards

you can ign the contracts by email sure and scan it and send it to the agent or the developer this is sure ok, and then when almost finish your installments you should come as you should be here when the developer do the power of Autorney to sign in the log book of the registeration office, then you can make a power of autorney to a lawyer to follow on other procedures

Sorry for late answer as i as on a month vacation and was travelling back to hurghada
Regards
George

maxwan · #**588** 29-05-2008, 09:36 AM

hi queenie
is there any pictures of the property in sharm residence and any info
regards

queenie40something · #**589** 29-05-2008, 10:11 AM

Hi I have pics but dont have permission to post them here. PM me your email and I will email you the pics I got sent. I have been in touch via email by someone that knows a Brit that bought there and she has been living on Sharm Residence since Jan and loves it.

M Butler · #**590** 30-05-2008, 01:40 PM

Elaine,
when will you be in El Gouna?

Margaret