Quote:
Originally Posted by grays4u
Having purchased in jan i was aware that the service charges where looking quite high on some developments £600/700 for 1 bed a little more in sahl.I think this is quite high as we know wages and the cost of living is very low and i think if you add this up on the number of units theres is a lot of profit being made. i have noticed a trend with properties in the low wage markets to charge as much as the uk buyer will pay and i do not think this is a true reflection of the costs. however my development is a more sensible £200 for a 1 bed and that includes the laundrey service on a development next to dessert pearl same builder. I think this a true refection of what this charge could be as these charges have been caculated in egypt by an egyption company and i am sure they will still make a heathly profit
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Just seen an ad for new development due to be ready 2009/10 which is asking for £800 annual maint fee for a 1 bedroom apartment in Hurghada - is this realistic - seems to be based on a percentage of the apartment cost, which is expensive for Hurghada.
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