Hey dave,
I did get a very good deal. It was one of the first apartments in the development to be sold.
The apartments have not been registered yet but if I were to sell it now I could simply change the names on the contract. As it is such a nice apartment I'm thinking of holding on to it and there should be pleanty of more capital appreciation.
You are absolutly correct though and if I do hold on to it I will need these deeds.
I have been in touch with the solicitor and hope to get this sorted ASAP.
Thanks for the good advice!
Also, I tend to think that the location isn't that bad. Ain Soukhna is an hour and a half drive from Cairo, the airport, the Pyramids at Gizza & Sakkara, The Sphinx and the Cairo Museam. The best highway in the country links Cairo to Ain Soukhna and it is Cairos closest beach. With Cairos population of about 20 million and Egypts prominence in the tourist market set to double to 16 million visitors by 2014, I think the potential might not be that bad. I value your oppinion though.
Thank again,
Kerryman
PS: If you like I can also get you a very good deal on one of these apartments.
-3 bedrooms with one en-suite, 1345 sq.ft with balcony and private beach in a 5* resort complex - only €59,950
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