Quote:
Originally Posted by redangel7861
Hi Roger.
Like you I am an investor and not an Agent. Like you I have put down a £4,000 reservation deposit on two studio flats in Hania Beach. I came to this board for some honest advice, but instead was bombarded by an agent with private messages asking me if I wanted to purchase in Hurghada from him. He raised some valid points stating that the shell for the developemnt had been standing there for a period of time.
After speaking to the developer today I was assured that all brick work would be re-built and that the development would be five star. I have also asked the developer for confirmation on how long the shell has been standing there and will let you know when they get back to me with an answer.
I asked why they had purchsed that plot. They responded by saying that it was very difficult to get hold of beach front land and they purchsed the plot not to save money but to attain a beach front development. Apparently the Military own the beach front land (please can someone confirm) hence, it's difficult to attain beach front developments.
Again I have nothing to loose. The £4000 is refundable if I am not impressed with the project after the presentation on the 29.02.08.
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Thanks to all for the advice so far - keep it coming!! Unfortunately it will not be easy for me to get out there before June and there is no one I can trust who also has the knowledge to make assessments, who can go out for me.
Redangel, I've been onto the developer too, so will let you know if I get a different story! They did drop into one email that the release date may be set back a few weeks as they are changing the roof somehow (bar going in?).
Have you been/are you going out to see the development?
As regards agents on this forum, I was contacted by a couple, but have been put under no pressure and have not been bombarded. Perhaps recent complaints are being taken seriously.
Thanks again all.
Roger