Where have you bought in Egypt and why

[The Smart Money]

Originally Posted by matt3965

I bought on the marlion...10% rent for 5 years, cashflow positive beach front. 4 weeks free use per year

Stacks up

10% yield guaranteed for 5 years - Can any of the agents verify this? I cant find any info on the Marlion

regards

Steve

[propertastic]

Yes, this is correct.

10% Guaranteed for 5 years as Marlion is being created as an apart-hotel. It is really a project that is only for pure investors as there is no 'opt-out' of the rental scheme. You couldn't, for example, just decide that you want to live there permanently (which is a shame, as it's in such a perfect location that I really would consider buying there to live).

Another bonus is that you only need to put 35% of the cash down now, with the remaining 65% upon ocmpletion in March 2010.

We have full information about it on our site.

[giovanna]

hi to all,
i m Giovanna and i work in a real estate....and i bought in Hurghada a flat , 4 years ago, and now my flat can cost more than double than when i payed.
The Red Sea is the best investment now!

ciao

[Bianka]

I am new here and I like to buy some 1.bed or studio apartment in egipt! I am interesting to buy someting off plan 100% free hold. I am wondering where did you buy or you will buy this year? I want to find someting with a good pay plan, like 40% max. now and 60% in the next 2 years, with posibility of rental shame per 5 years! i am not in a rush and i can wait to someting new comes out too

regards from Slovenia

Bianka

[queenie40something]

Hi Bianca and welcome to the forum. I have merged your thread with this existing one. If you use the search facility 9 times out of 10 there is already a thread on the subjct.

See also http://www.propertycommunity.com/forum/egypt...buy-egypt.html

Alison

[LesJohnson007]

Hello all,

I have put down the deposit on a Coral Sea Pearl 2 bed ground apartment back in May and just sitting tight until D day. Could seombody help put some of my nerves at rest with some useful info as Im a young guy purchasing a properpty abroad for the first time.

Hello again

Les

[Lsab]

Hello Les

Congratulations on your purchase and welcome to the forum.

Most of the members here are first time overseas buyers - and for some it's their first ever property purchase - so I'm sure you'll get plenty of support.

If you've any particular questions that you need answering and aren't sure which thread to post them in, just let one of the moderators know - myself and Alison (Queenie40something). Likewise if you've any problems finding your way around the forum.

Everyone here is very friendly and I'm certain that, before you know it, you'll be offering advise not just asking for it!

Best wishes
Linda

[Rivermead Global Property]

Originally Posted by LesJohnson007

Hello all,

I have put down the deposit on a Coral Sea Pearl 2 bed ground apartment back in May and just sitting tight until D day. Could seombody help put some of my nerves at rest with some useful info as Im a young guy purchasing a properpty abroad for the first time.

Hello again

Les

Hi Les, what do you need to know, I will do my best to help?

[charliesurf]

Hi,

I'm Charlie and I have bought off-plan a 2 bed First floor appartment on the Zomoruda development. It apporx halfway between El Gouna and Hurghada. This attracted me as I felt I would benefit from both of those developed locations. I am a keen waterman and have been after a place I could use to kitesurf and holiday with my family in a year round destination.
FlyGlobespan recently announced direct flights from Glasgow to Hurghada, so thats a bonus. I am unsure how long this route will last though !

I have invested with my father in law and hope to rent out appartment if possible, although fortunately Its not a necessity.

This was one of the few places that ticked all of my boxes ( red sea - check. year round sunshine - check , great for watersports - check , affordable 2 bed appt - check ) whats not to like.

I have bought and sold many places in Scotland, but never abroad. I am both excited and apprehensive at the same time. But nothing ventured nothing gained.

Hope to speak to you all more soon

Charlie

[paddywin]

hi there..name's paddy, hope you are all in good form, i stumbled across this site and am so glad i did, it is great to see that so many others have purchased in hurghada, for a while there i thought we were the only english speaking people to do so lol...have been all over egypt but fell in love with hurghada and have been there a number of times ,we recently purchased a villa there(well just over a year ago), its not complete yet as we bought directly from the builder and so we have to finish ourselves...unfortunately work commitments have kept us at home in ireland this past year but we are flying out on the 27th of december for 4 weeks, doing a bit of travelling around and spending the last 10 days in hurghada, have arranged to meet a cpl of builders to price finishing and hope to have it complete by the end of april....would be nice to chat to others about purchasing experiences in egypt cause i have to say i had a great laugh and it was all so easy....thanks for listening...hope to hear back