Quote:
Originally Posted by lyndsay552
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Lyndsay,
Those ads are from a guy called Mohammed (yes !!) of Hurghada Garden Estates. He showed me and my wife around a couple of properties whilst we were looking in Hurghada a couple of months ago.
He seemed a very nice guy but please do not take that as a recommendation as we did not eventually choose to buy anywhere so did not actually do business with him.
I found him on the internet as we had been given a price for the Mubarak 7 development by an English agent and his price was some £4,000 lower.
Now, he was quoting me in US$ and the pound was worth about $2.07 at the time so that may or may not help explain the price differential.
For your information, he also showed us villas on Mubarak 6 - for a "full" half a villa would have cost us between $72,700 and $81,800 (depending on location etc) plus $106/m2 finishing plus $6/m2 finishing for the garden plus around $12,000 for a private pool. I reckoned that £60,000 would comfortably buy you one of these villas arranged how you wanted (I liked the idea of 3 beds/2 baths (one en-suite) with a large lounge and also a large kitchen/diner), bear in mind you also have the private roof terrace and your own garden/pool.
He did, however, advise against buying a villa as he suggested they would not make great investments - I was a bit baffled by this as I was thinking that if Hurghada did take off as a holiday destination there would surely be a market for people wanting to buy private villas for around the £100,000 mark which would give you a bloody good return if you decided to sell.
Mark .Y.