The maintenance fee is 50 euros a month/600 euros a year which include water and electricity.
If you opt for the rental guarantee, it is included. You will be charged if you go over the limit allocated.
Not sure for the suites but I think it is also taken care of if you take the pool rental.
Lou, I was not bashing the first time buyers at all. I was just saying that if it's your first time, you should take the information you read on this one forum very carefully. Ipi 's competition could spread rumours in order to scare customers away, because the project is good, so because they can't compete with their dodgy developments or over priced properties, they will bash the product you are interested in, if that makes sense. Read the internet and magazines but look at the bigger picture, who is working for who, what experience they have etc...
Most of agents have never bought a property abroad, journalists on tv and magazines are the same.
When I first bought I was lost, i didn't know anything at all, I trusted the agent and the product and guess what? they were right, the property in Jo'burg earns me around 6% a year on rental and 6 years later it is worth 3 times what it was.
I tell you what, before I invest in this resort, I checked at least 40 different projects and properties in hurghada, shal hasheesh and marsa alam, overall I believe marsa alam beach resor is the best. Price, quality, returns, projections, there's no other places that are this good today in egypt.
You can buy a villa in hurghada for 300K sterling but you probably won't get anywhere close the marsa alam returns.
In marsa alam, the kuwaitis are going to invest a lot of money in port ghalib, that's the key for me to the really high capital growth, and in terms of resale, this is going to be juicy. Just a question of timing I suppose.
Like I said, I am not an agent or a developer, I just buy properties, rent them and sell them if the market is good. I have done that for 6 years now. I was working for fruit and veg in south africa , in the uk, it's like waitrose. See Lou, I'm not from the rich class at all but I made the choice to invest instead of being an employee, I started with less than 20K sterling.
Anthony I am sure is the same, you have to rely on professionals, not on the internet, nobody will give you a good advice, just chaos and confusion between stuff they heard and stuff they misunderstood, it's easy to be confused.
Get yourself a good personal banker, a trustworthy lawyer not a shark after your cash, do a lot of homework and then call the agents, it is as simple as that.
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