Viva Reef development Nabq, Sharm

[Odd-bod]

Hi Jojo,

The bad news is the rate went on to drop to 8.6. I have a special arrangement to pay the first installment at the end of October, so I will see what happens over the next 2 months, but that is £3,500 of a difference.

[jojo]

i know its typical that the rate drops when its time to pay up. it certainly puts the whole purchase price up quite a bit when the rate is as bad as it is now. fingers crossed it will pick up a bit soon!
good luck
jo

[Damon36]

Hi, I have used HiFX for my second payment. They seemed ok, but I had to do all the calling and chasing up as they said they could not identify my payment (which they had received) from my bank. They did not notify me that they could not indentify it, I just rang them as i was concerened, so be aware! As far as I am aware Pioneer have now received it.
Pioneer have also emailed me with the latest pictures of inside of the apts and said that costs have gone up as they are into phase 2, but not said by how much. Does anybody know how much the 2 bed apts are now?

[Odd-bod]

Hi Damon

47500 for 1st & 2nd /I think 49250 ground & 52 250 top floor.

Aud

[Odd-bod]

Hi JOJO

I was in Sharm last week- the first few pictures are of your apartment & the rest are of the show house. It looks good. I was getting my arm twisted....

Damon- yours -as is mine is still at the ground floor level for some reason they have started on the far side blocks.

Karen told me that a belguim man has bought up unseen the 1 bedroom properties & another building has been released.
I have a few more if you want to PM me with your e-mails & I will send them

Audrey

[Damon36]

Hi Audrey
Thank you for the information, not sure why ours are still at ground level but still got about 15 months to go i think?

Thanks
Damon

[dukes]

Hi Everyone

Have just returned from Sharm yesterday, had no intention of buying a property but when we received a leaflet through our hotel door could not believe the prices so after being with Pioneer Properties for seven hours have put a holding deposit on building 12 apartment 3 at Viva Reef. We are so excited about it and also thrilled with this site so that we can share experiences.

Does anyone have any knowledge about Pioneer Properties regarding their track record?

[queenie40something]

Hi Dukes congratulations of your purchase. There are lots of us on the forum that have now bought in Sbarm. I have heard of Pioneer but dont know any one that has used them Im afraid.

We bought in Sept 07 on Sierra Nabq and had handover last summer. I got the visas and poa from El Tor last summer. We have been informed by our lawyer that our registration in the courts is now complete. This process took about 5 months.

There are some very informative threads like furniture and legals on the forum. If you need any assistance navigating the forum please dont hesitate to ask.

Good luck

Alison

[Damon36]

Hi Dukes
No previous experience from Pioneer, but they do seem ok and pretty good as agents go. There has been some good information on this thread with money transfers etc. Any questions, just ask and ill try and help out.

Hi Audrey
I would like more pics but i am unable to post me email address as i am not currently an 'active member'

Thanks

Damon

[dukes]

Hi Alison and Damon

Fantastic to hear from you both and great that we can share knowledge. Did either of you have a copy of the contract before you paid your 40%.

The weather was great last week and we had a fantastic time.

When we went to the building site all the men were hard at work, unlike some in Britain, and we were taken to a 1 and 2 bed apartment that had been tiled but not had the second fix done. The golf course was well on its way, 9 nine holes done and now starting the next 9.

We know it is a long way off but we can't stop talking about it, we can feel a party coming on.

Eileen and Dave