Hi everybody, I have just found this forum and have been reading up on a few things but with so many pages being opend Im starting to loose track so I thought Id put up one post and collate all my information here.
Hope you dont mind, and I am using the 'search' funtion too!!!
I have been to Egypt a few times with my girlfriend, I love diving and my girlfriend, well, she tried it once but somehow prefers to lay on the beech, or the boat!
Egypt is an ideal destination for us as it is only 5hrs from London and package deals are reasonable for what you get but I would love to buy a property in Egypt as I would one day like to spend more then just 4 weeks a year there.
We have been to
hurghada
El Gouna
Cairo
Luxor
and although we loved them all the choice for property is staggering and I only wish I could afford them all!
This is why I have joined this very informative forum and hopefully can help solve my dilemnas.
I am looking at ideally buying a place in Hurghada, El Gouna or Marsa (I know, I havent been there yet) but am not sure. I would consider Sharm but to be honest I dont think I could afford it.
My main worry is financing....
You see, I went bankrupt in Nov 2006 and was subsiquently discharged in July 2007. This is where my concern lies, how is the financing arranged? Is it down to Uk credit checks or is there an Egyptian way of doing it?
I have spoken to a UK based company whose link was posted in a members post regarding a property in Marsa and they seem to think that as long as I can prove income and bank statements then my bankruptcy may not pose as much a problem as I thought.
I then continued to read the thread and am now in two minds as to whether the thread is actually linked to a developer trying to promote the area.
I have nothing against anyone on this forum nor do I want to give the impression that I am attacking anyones intregrity but as a potential buyer, along with so many of you I do not want to be caught up in a rip-off and buy something worthless!
If anyone who may have been in this situation or similar could advise then I would very much appreciate it. If I can overcome this hurdle then I will be able to start looking at properties.
Just to advise you all now, I have only contacted the one company as mentioned above and, although any information you may give me about my related question is no way concrete I would like your input before a companies as you will have my best interest at heart and are in no way trying to sell me anything wheres I feel a company may try to sell me a line!
Look forward to speaking to you all,
Mike.