i agree with rick...
ditto rick.
here on the red sea you would be able to buy outright freehold with 0% leverage.
from an egyptian/uk developer
because of your budget you are extremely limited, and because you are wanting to eliminate risk my suggestion is to go for a studio/1 bed from a reputable developer rather than looking for a 2 bed in a more emerging location.
also your budget being so limited this 30k market is slipping away fast in this emerging market due to the increases in raw material costs, oil, steel etc...
so the salesmans phrase of "now is the time to buy" actually does apply in your case!
regards
Ross
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