Quote:
Originally Posted by egypt
Hi James,
I was originally planning on keeping it as a long term investment but have bought a villa in mubarak 7 but need to finish it off. I was relying on the proceeds from the sale of my house here..but by the looks of it am not gonna be able to sell it for a while due to the market conditions.
The apartment is in Regency Towers, it is 1st floor 2 bed 2 bath.
Not sure the going rate but last time I heard that they were selling them for around 45k finished.
Mine is also furnished.
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Regency towers is a spot on development you should be able to sell quickly because people want properties they can get maximum mortgages on but the off plan developments only leave about 35% on completion to pay by mortgage. The propertys are still selling quikly in El Kawser and we all know why cut someone who is touring buyers a comission on it. I pressume were all aware of the HSBC mortgages.