How are you financing your purchase?

[Lsab]

Apparently so but I don't know enough about it to elaborate.

My husband is Egyptian so I'm hoping we won't find too much difficulty getting a mortgage. Time will tell!

[wemyss1960]

Originally Posted by soluman46

Great Idea. I also used a mixture of savings (40% and legals) and 60% added to UK mortgage. I have a studio in dp1. The furniture pack was purchased on a 0% 12month credit card. May as well not pay interest before you get it! I will pay most of this off in September with cash savings.

like your style!

Please keep the posts coming and dont forget to mention on which development you have bought or maybe buying on. Also possibly when your development should be completed and when your final payment has to be made. Are you looking to rent out/flip or just use as holiday home?
This thread should give a true reflection of why we have all purchased.

keep them posts coming!

Originally Posted by wemyss1960

like your style!

Please keep the posts coming and dont forget to mention on which development you have bought or maybe buying on. Also possibly when your development should be completed and when your final payment has to be made. Are you looking to rent out/flip or just use as holiday home?
This thread should give a true reflection of why we have all purchased.

keep them posts coming!

As requested

We're purchasing a two bed villa apartment on the pool level with turn key furniture package and 8% rental guarantee, at the Oasis Marina development which is due for completion on December 31st, 2009. We are cash buyers and took advantage of the 25% discount on gross price which was just under £78,000We paid 20% deposit upon receipt of the Agreement Contract a couple of weeks ago and the final 80% balance is due on July 27th. Although the main reason for purchase is for financial gain (god willing), we will also make use of our apartment for holidays, which is not a bad thing as we generally holiday in Egypt each year anyway. Best of both worlds I say

[wemyss1960]

Originally Posted by SuziQ2708

As requested

We're purchasing a two bed villa apartment on the pool level with turn key furniture package and 8% rental guarantee, at the Oasis Marina development which is due for completion on December 31st, 2009. We are cash buyers and took advantage of the 25% discount on gross price which was just under £78,000We paid 20% deposit upon receipt of the Agreement Contract a couple of weeks ago and the final 80% balance is due on July 27th. Although the main reason for purchase is for financial gain (god willing), we will also make use of our apartment for holidays, which is not a bad thing as we generally holiday in Egypt each year anyway. Best of both worlds I say

Congratulations Suzanne,

Should be a great investment if your rental is guaranteed.

Originally Posted by wemyss1960

Congratulations Suzanne,

Should be a great investment if your rental is guaranteed.

It's guaranteed at 8% for 5 years and they've included it in the Sales Contract, so looking good

[queenie40something]

Hi Stuart - mine is very nearly complete - saw the apartment a couple of weeks ago and all that needed to be done was window in bathroom, balcony finished, our garden to be landscaped and the pool and landscaping around the pool. Should be complete in a couple of weeks. Bought on Sierra, Nabq, Sharm. We havent gone with the hotel rental. We originally just bought for ourselves but we have had so many want to rent it from us ( family and friends ) that it would be silly not to take their money!! Hubby has a work colleague that is having a holiday home built ( due for completion Nov this yr ) in Kenya and he has asked to do a holiday swap which is also a bonus and gives us a break from Sharm.

Originally Posted by queenie40something

Hi Stuart - mine is very nearly complete - saw the apartment a couple of weeks ago and all that needed to be done was window in bathroom, balcony finished, our garden to be landscaped and the pool and landscaping around the pool. Should be complete in a couple of weeks. Bought on Sierra, Nabq, Sharm. We havent gone with the hotel rental. We originally just bought for ourselves but we have had so many want to rent it from us ( family and friends ) that it would be silly not to take their money!! Hubby has a work colleague that is having a holiday home built ( due for completion Nov this yr ) in Kenya and he has asked to do a holiday swap which is also a bonus and gives us a break from Sharm.

Lucky you Alison, bet you can't wait to get back over there. Maybe in a couple of years we could do a holiday home swap too, would be nice to go back to Sharm When all these developments are completed, we could set up 'holiday home' swapping services LOL

[queenie40something]

Yes defo Suzi - I think there is a thread in the lounge on this. A change is as good as a rest!!

[queenie40something]

There you go http://www.propertycommunity.com/forum/egypt...day-swaps.html

[wemyss1960]

Originally Posted by queenie40something

Hi Stuart - mine is very nearly complete - saw the apartment a couple of weeks ago and all that needed to be done was window in bathroom, balcony finished, our garden to be landscaped and the pool and landscaping around the pool. Should be complete in a couple of weeks. Bought on Sierra, Nabq, Sharm. We havent gone with the hotel rental. We originally just bought for ourselves but we have had so many want to rent it from us ( family and friends ) that it would be silly not to take their money!! Hubby has a work colleague that is having a holiday home built ( due for completion Nov this yr ) in Kenya and he has asked to do a holiday swap which is also a bonus and gives us a break from Sharm.

Hi Alison,

Glad everythings going well. I personally love Sharm and have been there on holiday the last 2 years. I should imagine having got in early that you have had a nice return so far on your investment.According to my nephew, Nabq will be the biz!