Hi,
Like John & Nick, I too have just invested in the resort, I compared the package offered to the package offered on our off plan investment in Bulgaria, & Zafarana won on almost every aspect. I dont mind paying up front as in some ways we can relax and forget about it until its complete, our bulgarian one is staged payments and unless you go out to visit you dont know what stage its at or when next payments are due. Our developer in Bulgaria is already 4 months behind schedule.
To me the investment should be about making money - in the medium/long term - and these apartments with 5 years guarenteed rental and six weeks personal use which if you dont want to use you can also rent out, the rental will end up as 50% of the purchase price, (6,8,10,12,14%).
The transfer from the airport - 180Kms - should be treated as part of your holiday allowing you to see some of egypts scenery. So in my opinion if the planned airport does not quite work out its certainly not the end of the world.
I may be naive but Zafarana seems a good investment, with excellent returns I hope to see some of you out there on completion
Cheers
BIG B
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