Hania Beach, Central Hurghada, Egypt - Due for completion Summer '09.

[MrSkipsey]

Has anyone heard any more inforamtion about Hania yet? All gone abit quiet!

[redangel7861]

Originally Posted by MrSkipsey

Has anyone heard any more inforamtion about Hania yet? All gone abit quiet!

I believe that the developers had a meeting yesterday with the agents, lawyers and architects to finalise all details, so we should have news very soon.

[Roger]

Originally Posted by MrSkipsey

Has anyone heard any more inforamtion about Hania yet? All gone abit quiet!

The calm before the storm

Looking forward to seeing everything!

[realestatemart]

Originally Posted by Roger

The calm before the storm

Looking forward to seeing everything!

We all waiting Dan News

[gazza66]

Have just plumped up the courage to reserve at Hania Beach with experience international. This is scary as we have never invested overseas before. This thread has been very helpful. Experience international seem a reputable company. What do other people think?

[realestatemart]

Originally Posted by gazza66

Have just plumped up the courage to reserve at Hania Beach with experience international. This is scary as we have never invested overseas before. This thread has been very helpful. Experience international seem a reputable company. What do other people think?

congratlation you made a good choice hope to help you if need anything from hurghada

[mogmad]

I was about to reserve my 2 bed apartment this afternoon when Lance Nelson of jet2let told that the square meterage I would be expected to pay was based on flat and the common parts, adding 20 metres at £700 a metre to the price. This effectively added £14000 to the price I had in mind. I was led to thinking I would be paying the area of the apartment and no more. Iam very dissapointed not to be going ahead. I believe it to be a genuine suprise to Lance too. Was I misled or is everyone else thinking the cost is just based on the cost of the apartment alone?

[redangel7861]

Originally Posted by mogmad

I was about to reserve my 2 bed apartment this afternoon when Lance Nelson of jet2let told that the square meterage I would be expected to pay was based on flat and the common parts, adding 20 metres at £700 a metre to the price. This effectively added £14000 to the price I had in mind. I was led to thinking I would be paying the area of the apartment and no more. Iam very dissapointed not to be going ahead. I believe it to be a genuine suprise to Lance too. Was I misled or is everyone else thinking the cost is just based on the cost of the apartment alone?

Hi Mogmad.

I wasn't aware that we had to pay for the common area and only thought that we had to pay for the apartment. This comes as a big surprise to me and will have to confirm this fact with the developer. If it's true then it's a worrying development and adds many thousands of pounds to the cost of purchasing.

edit: can you specify exactly what you mean by "common parts"

[mogmad]

Originally Posted by redangel7861

Hi Mogmad.

I wasn't aware that we had to pay for the common area and only thought that we had to pay for the apartment. This comes as a big surprise to me and will have to confirm this fact with the developer. If it's true then it's a worrying development and adds many thousands of pounds to the cost of purchasing.

edit: can you specify exactly what you mean by "common parts"

The common parts I refer to are stairwell, elevators corridors etc. They add 20 metres each to a one and two bed, and about 15 metres for a studio, which really bumps the price up to about £900 per metre, not £700. I have bought on total area before in Bulgaria, but was not aware this was the case here. In my mind it has changed Hania from being a good viable investment, to just another project. I do genuinely think the promoter was under the misapprehension the cost was just based on the apartment size. Anyway, as I result I'm not going ahead. Good luck if you stick with it.

[redangel7861]

Originally Posted by mogmad

The common parts I refer to are stairwell, elevators corridors etc. They add 20 metres each to a one and two bed, and about 15 metres for a studio, which really bumps the price up to about £900 per metre, not £700. I have bought on total area before in Bulgaria, but was not aware this was the case here. In my mind it has changed Hania from being a good viable investment, to just another project. I do genuinely think the promoter was under the misapprehension the cost was just based on the apartment size. Anyway, as I result I'm not going ahead. Good luck if you stick with it.

If this is the case then I believe I may also have to re-assess Hania Beach. An extra £14,000 on the two bed is too much in my opinion. I was always under the impression that I would be paying for the apartment size only. £900sqm is way too expensive for Egypt and is even more expensive than five star developments in Marrakech, Morocco which is a more mature and developed market.

Again, this is all speculation, but if confirmed I will have serious doubts about proceeding.

Very dissapointed