anyone-bought-sharm-thinking-buying-sharm

[queenie40something]

Originally Posted by philthecar

hi there queenie we have just returned from Sharm having had a thoroughly enjoyable and relaxed holiday and again realising how absolutely charming the egyptian people are. We were however suprised to see how much the cost of things in Sharm had increased from last year ie. coffee charged at 2.50 each ! food also increased in price. Have you noticed this at all. Are you now settled in your apt. if not when will you be going

Hi Phil - glad u had a good time. TBH I didnot notice the price increase in all my 5 trips last year. I have yet to travel out this yr so I may notice it due to the hikes and clashes etc. Will report back on my findings.

[Golfgirl]

Originally Posted by queenie40something

To start the ball rolling

We have bought a 1 bedroom apartment with small garden in Nabq Bay in Sharm. It is a quiet resort but is up and coming. It 2nd line from the beach, 10 mins from the airport and 20 mins drive into Naama Bay.

It is on the Sierra resort which is next door to Sharm Bride. Currently the handover date is 28th Feb 08. The whole complex has a completion date of Oct 08.

The buying process is different here and it is on a 99 year lease. This may put some people off buying but the lease is renewable. My daughter is on the contract so if anything happens to hubby or I then the lease will automatically go to her at no cost. If you sell the property then the new owner gets a new 99 year lease at a cost of £1000.

I have been to El Tor to get my residents and multi entry visa along with the Power of Attorney. Cost was 83LE for the residents visa and 61LE for the multi entry visa which you get from the passport office in El Tor and the POA was 40LE which you get from the government building which is 2 mins drive away from the passport office. The return taxi drive will cost £15 ( if you need contact that knows where these offices are for this please let me know )

This is an easy process and it is an hours drive from Sharm. ( Any ? on this please ask )

One tip is to ensure you get a good English speaking Egyptian lawyer.

Ensure that you read through your contract that has to be in both English and Arabic.

If you do not understand anything in the contract ask your lawyer.

If you do not like anything in your contract ask your lawyer to discuss it with the developer. I have had a few things changed on mine without any problems.

Once you have signed every page of the contract it is then handed to the developer who in turn signs every page and then your lawyer will do the registration at the courts in Cairo.

Typical cost for a lawyer is £500.

Thanks Queenie, you are a star for starting this thread!

I have recently retired and will be visiting Sharm in 3 weeks on a rekkie. I will be staying for a month and would like to ask your advice on a rental apartment for the time I am there. I am interested in purchasing a 2/3 bedroom apartment and the La Sirena Project sounds interesting... whoooo hoo a golf course near by!!!! So any suggestions or information on other projects would be soooo welcome.

I have contacted the lawyer on this forum and we will be meeting when I get there.

Big decision for me, as I am single and would need to be in a very safe and secure area with access to shopping and medical facilities. So any and all advice will be most appreciated.

Cheers and inshallah ...the next party will be at my new home.

EA

[queenie40something]

Hi Golfgirl and welcome to the forum. We have quite a few members that have now bought in Sharm. We have bought at Sierra at Nabq. This area is upandcoming and there are 3 malls opened already. There are lots of developments but it will depend on your budget. Are you looking for off plan or something to buy that is ready to move into. There is a couple on our sister site expats who are now living in Nabq. Some developments are Egyptian Experiance, On View, Sierra, Sharm Bride, Laguna Vista, Mashreq, Del Mar - the list is endless. Montaza is probably one of the most expensive areas. The complexes in Naama are also increasing and Hadaba is cheaper.
I would advise to look at as many as you can when you are out there and go for a complex that is gated with 24 hr security. Are you looking for a holiday home or to retire out there? I think 9 holes on course are already completed and it is at the far end of Nabq towards the Mangrove National Park.
You may well be in Sharm when we are there as we are flying out 7th June.

Here is the Sierra thread http://www.propertycommunity.com/forum/egypt...o-updates.html
Introductions thread http://www.propertycommunity.com/forum/egypt...oductions.html
Here is a thread on Sharks bay where Simon has bought http://www.propertycommunity.com/forum/egypt...el-shiekh.html
One on furniture http://www.propertycommunity.com/forum/egypt...ture-egypt.htm
There is lots of useful info in the lounge http://www.propertycommunity.com/forum/egyptian-lounge/
and here for the expat site http://www.propertycommunity.com/forum/egypt...ncements.htmll

Good luck and if theres anything you need to know just keep posting.

Regards
Alison

[queenie40something]

.sorry meant to have said that there are normally a few apartments advertised by owners here SharmWomen .:. Pin Board

[not_terry]

Hi
I am considering an apartment in Sharm and wondered if anybody can tell me if the following sounds like a good investment.

1 bed apartment 65m2
It's completed and furnished
But... It is on a resort but is at the back of a resort so a bit of a walk to the pool. View is only the road one side and other apartments the other side

But £32,000 finished and furnished for a 1 bed in Sharm.... Maintenance rent is £200 pa

What do you think

[queenie40something]

Hi Kerry where abouts in Sharm - whats the development called.

[not_terry]

Its all a bit vague at the moment but its near naama bay, ill know more when i get out there next month. Does it sound reasonable on the face of it. Sorry I cant be more explicit at this stage

[queenie40something]

Hi Kerry it does sound quite reasonable but it depends what you have on site eg access to pool etc. There are quite a few in and around Naama Bay. The maintenance fee is very good. There are a few private sales on Delta Sharm and to give you an idea they are around 32K for 85m2 1 bed furnished - studios go for about 23K( this resort has everything and is like a village - gated and has over 10 pools, banks, shops, bars gym etc etc ) Roman Theatre - 1 bed go for about 43K ( have use of pool ) you can get a small studio at Hay El Nour furnished with air con for £17,500 ( no pool ) a 1 bed furnished in Hadaba will be about 26K furnished - I have even seen a 2 bed furnished one in Hadaba for 24K!! Hope this gives you an idea.
If you have any pics of it you can post I might be able to tell you where it is.

[Golfgirl]

Wow...many thanks Alison, lots of very useful information in the links you so kindly provided.
I am looking to retire there. Is the perfect location between Europe and the UAE where I have lived for the past 15 years.
So much to choose from I am guessing my one month will fly by. Lots of rentals available too so I am now confused.... any suggestions of a location that could be quite central? The Nabq area seems to be the smart choice, or do you suggest I stay in a hotel for a week and look for a rental when I am there? That could be an option.
Glad to hear you will be in Sharm while I am there, am hoping I can do some more brain picking over a nice meal or latte.

Kind regards
Elaine

[Lsab]

Morning Elaine and a belated welcome from me to the forum. It's great to see more Sharmers on board. We have another member Vix, who like you works in the UAE and I live close by in Bahrain. Anyway, thanks for introducing yourself and lovely to 'meet' you.

Best wishes
Linda