West Side Village

[Gee69]

Hi all,

I have been attracted by this development as well..... especially from amongst a multitude of similar developments in and around the same place...

To me what is striking at a first look at this is.. with so many developments, each of them running into hundreds of units..... similar price.... similar locational benefits.... similar build qualities....
.... can it really be attractive on a pure investment point of view ?

Do you guyz think these will be occupied and generate rental income... if at all the developers manage to sell these 1000s of units ?

On the positive side, I guess West side appears to be projected as a project with 5 star amenities.. and with relatively easy investment terms...

By the way, can one get mortgages on Egypt properties ?

[Gee69]

Also the developer seems to be projecting a really attractive return !!

[Gee69]

Originally Posted by tinkerbell

Many Thanks for all your help. I think we will probably go for it!!

regards

First time overseas investor here as well

This one has dragged my attention from a Brazil development... !!

[Mark .Y.]

Originally Posted by Gee69

Hi all,

I have been attracted by this development as well..... especially from amongst a multitude of similar developments in and around the same place...

To me what is striking at a first look at this is.. with so many developments, each of them running into hundreds of units..... similar price.... similar locational benefits.... similar build qualities....
.... can it really be attractive on a pure investment point of view ?

Do you guyz think these will be occupied and generate rental income... if at all the developers manage to sell these 1000s of units ?

On the positive side, I guess West side appears to be projected as a project with 5 star amenities.. and with relatively easy investment terms...

By the way, can one get mortgages on Egypt properties ?

I certainly wouldn't count on too much rental income from apartments in Hurghada. As you say, far too many of them. Also, there are many cheap all-inclusive hotel deals which lots of tourists find attractive.
Buy for yourself and a little bit of capital gain and I think you'll be fine.

Mark .Y.

[Lsab]

Morning Gee69,

There is a thread on this forum about mortgages which you might find interesting http://www.propertycommunity.com/forum/egypt...age-egypt.html. Plus take a look at 'will hurghada have oversupply of beds' on page 1. It might answer a few more questions for you.

[tinkerbell]

Ok it looks like we have decided to go for it and buy at west side!!!

Can anyone point us in a safe direction with regards to good lawyers etc?!!

Any advice greatly appreciated!!

[realestatemart]

Originally Posted by tinkerbell

Ok it looks like we have decided to go for it and buy at west side!!!

Can anyone point us in a safe direction with regards to good lawyers etc?!!

Any advice greatly appreciated!!

Hi
there is Mr. Ziad on the forum you can contact him

[queenie40something]

Hi Tinkerbell and congrats on your purchase.

I highly recommend Zeiad who is a member of the forum. You may find his Legal thread helpful http://www.propertycommunity.com/forum/egypt...rty-egypt.html

[danieltamplin1]

You have made a really good choice. The Developer of West Side is in my opinion one of the best in Egypt.

Good Luck

[BOBBYBARLOW]

Hello all

After much deliberation, we have reserved a 1 bed apt on the West Side Village.

Any one any up to date info or thoughts on this development

There doesnt seem to be much info or posts on this complex compared to say the Coral Sea Pearl etc, any reasons for this