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Egypt property The property market in Egypt is primarily focused around the Red sea and Mediterranean coastline. Property investors are also buying in and around the main urban hubs of Cairo, Alexandria and Luxor, The Egyptian governments pro-active policies for attracting overseas investment has created an economic climate geared for growth in the Egyptian property market. Do you agree? Please state your views and opinions here on our new Egyptian property forum.

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Buy a hotel room???

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  #1  
Old 29-03-2008, 12:29 PM
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Default Buy a hotel room???

Hi all

Has anyone considered buying a hotel room??

There are some available in Sharm at the Pyramisa resort which include all furniture, sat tv, fridge, balcony, sea views, full use of hotel facilities. There are also 2 / 3 bed duplexes and 3/ 4 bed villas available with guaranteed 8% per annum rental.
Prices start from £35,900 for seaview and rise to a whooping £499,000 for 4 bedroom detached fully furnished villa with private pool, 3 bathrooms frontline beach and large garden. Same concept available at Pyramisa hotels in Aswan and Luxor.
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Old 29-03-2008, 05:34 PM
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Quote:
Originally Posted by queenie40something View Post
Hi all

Has anyone considered buying a hotel room??

There are some available in Sharm at the Pyramisa resort which include all furniture, sat tv, fridge, balcony, sea views, full use of hotel facilities. There are also 2 / 3 bed duplexes and 3/ 4 bed villas available with guaranteed 8% per annum rental.
Prices start from £35,900 for seaview and rise to a whooping £499,000 for 4 bedroom detached fully furnished villa with private pool, 3 bathrooms frontline beach and large garden. Same concept available at Pyramisa hotels in Aswan and Luxor.
hi - how can we find out more info on this -as we are going to sharm soon - thanks
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Old 29-03-2008, 06:02 PM
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Hi google ' pyramisa apartments for sale Sharm ' and you will find a few Agents selling them.
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Old 29-03-2008, 06:36 PM
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thanks - as always!!!!
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Old 31-03-2008, 12:13 AM
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well i think prices from 35k are interested in hotel rooms I'll consider thanks queenie for notifying.
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Old 01-04-2008, 07:46 PM
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Hi John

Re the rooms in the Pyramisa, i have stayed at this hotel about 3 yrs ago. There was a full scale model in the recepion area and price guuide for apartments, for anyone who was inerested. It is a lovely place it has 5 private beaches, a brilliant wave pool and 3 pools it's part of the Ras Mohamed national park, and the marine life is fantastic...its about 10 minute drive from Nama Bay..but taxis are very cheap. And there was a train that takes you down to the lowest beach...all the beaches have a bar and if you want a quite swim in a pool, there are one or two on way down to the beach...the grounds were kept very clean and the gardens were perfect.

Kazzer
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Old 19-08-2008, 11:59 AM
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Hi

Buying a hotel room for investment is becoming popular very quickly and probably has been for some time!

We sell buy to let properties in many places across the globe but our most popular so far has been Royal Suites, Marbella, Spain and Sesimbra Bay Portugal.

I just placed an article about Top Ten reasons to buy to let in Portugal, the returns are high and the rental potential is also very forthcoming.

Good luck with your venture and if you need any further help, we would be happy to oblige
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Old 19-08-2008, 02:57 PM
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They have the same available at the Pyramisa in Sahl Hasheesh but these are from £43,945 up to £346,000 for a villa. Same deal as Sharm but 7% Gross rental return for the life of ownership and buy back option. Good option for someone looking for a no hassle investment.
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Old 20-08-2008, 01:58 PM
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Hi

I am pleased to hear that your buy to let deal has worked for you. We offer 56 days a year for the owner to use the property, last year Spain had very high occupancy rates along with Portugal.

I hope your success continues

All the best
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