posted
i now have the pics of the montaza the building that you seen at christmas.they are very nice and coming along fine try and go and see well give you the number later will send in private message take care.
Posts: 1344 | From: uk/ | Registered: Mar 2006
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des iam out most of day my phone is in my car that went in the garage yesterday so will collect in today and send you the pics later
Posts: 1344 | From: uk/ | Registered: Mar 2006
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Are you buying in Sharm to live or visit? What is there to do in Sharm after scuba diving and suntanning on the beach? I was in Sharm in 1994 and wish I had bought lots of land then as there was few hotels and little people.
I am curious how it is now to visit or live. The villas look awesome and I am looking at a new country to live in for semi retirement.
Posts: 12 | From: Toronto, Canada | Registered: Jun 2005
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hi des just sent you the photos of the montaza project.have not forgot tele phone num of car rental wil send soon
Posts: 1344 | From: uk/ | Registered: Mar 2006
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-------------------- mark Posts: 20 | From: ASIA | Registered: Mar 2006
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quote:Originally posted by mac0623: hi des just sent you the photos of the montaza project.have not forgot tele phone num of car rental wil send soon
Montazah prices via a certain well know Uk sharm agent are LE6,000 per sq metre off plan. Now go reseach prices on completed developments, and ask some Egyptians what they are paying direct from the developers and ask yourself if the risk to buy this off plan is worth it. And at same time have a look around at how many developments are sitting unfinished. Then make sure you have a good market of more guliable Brits to sell onto when you want to make your quick profits, and hey presto you have your own UK mini market of would be property tycoons. Anyone remember the Boston Tea party.
Oh and then when you're assessing risk don't forget the proximity of Israel.
Basic business planning and research guys. Mind you the agents must be doing well! Posts: 3809 | From: Paradise | Registered: Mar 2003
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do you have any info about the Renaissance offplan villas in hadaba. They are marketed by Sharm el-Sheikh Real Estate.
Posts: 299 | From: Dubai | Registered: Jan 2006
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the agent you are on about is the people who i dealt with the price you quote is not quite right and also its 5 lines back,i was in it short time ago, the completed one you refer to are going between 65k 4-5 lines back then 85-116,000 1-2 lines,as i spoke to the people whom brought them.yes there is empty ones like any where else and you have to ask your self why.the stupid price they ask.go to nabqa if you want to emptiness.but what we are looking at here is vision of the future and what will happen in south sina.do your research penny biggest buyers are italians,russians then the french we are way behind as for israel ,what are you saying ,and why are you there if you think so stupidly where is your respect for the average israeli
Posts: 1344 | From: uk/ | Registered: Mar 2006
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as for the agents you speak aboutthis is what i tell everyone the price is loaded in the sqr mtr and against the gross and the net,keep to your 9-5 job and i will keep to mine as i seem to know what iam talking about after all you have register your property with a uk and avised this.tell me at what point will the goverment of egypt let you pass the property down to next of kin your knowledge is some what limited to this field, as mine would be in your field of work for some reson more often than not you attack me again-strange-by the way iam not a agent,i hate them they suck of the people who sell and lie to the buyer.smilar to some jobs i know
Posts: 1344 | From: uk/ | Registered: Mar 2006
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yes they generally do,one thing i all ways done mr small is to buy right to sell right never in my life have a done someone,and belive me i have seen many chances but in life what goes around comes around,i all ways leave a mark up for the next person and help where i can,and more important, and i take you mean by saying all the perks so all the profit never the case with me sooner pass the saving down the line to the people who deserve it as it is thier money after all i only work on places where i would live myself and do.so i dont say one thing and do another i have full respect for people as does the people who know me,if i ever have the pleasure of sitting with you for coffee you will see what i mean
Posts: 1344 | From: uk/ | Registered: Mar 2006
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I was actually having a little joke with you mac,but yes,I see what you are saying.Maybe my joke was a little bit juvenile but i could not resist it.
Posts: 70 | From: UK | Registered: Mar 2005
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quote:Originally posted by mac0623: as for the agents you speak aboutthis is what i tell everyone the price is loaded in the sqr mtr and against the gross and the net,keep to your 9-5 job and i will keep to mine as i seem to know what iam talking about after all you have register your property with a uk and avised this.tell me at what point will the goverment of egypt let you pass the property down to next of kin your knowledge is some what limited to this field, as mine would be in your field of work for some reson more often than not you attack me again-strange-by the way iam not a agent,i hate them they suck of the people who sell and lie to the buyer.smilar to some jobs i know
Mac you really are showing your stupidity now. A Uk company does not die when I die, I pass the Uk shares to my next of kin not the property. So why don't you start giving people some good advice and tell them to do what the Egyptians do...contact the developers direct...they do not use agents, and get your own lawyer not the property agents.
As for Israel, absolutely nothing personal but this is not the most stable area in the world at the moment, something to take into account in an investment decision. And finally I am not here for property investment but personal reasons.
I have no wish to get at you personally but I do find the advice you are giving here on the forum misleading to less well informed investors who should really be thinking twice before jumping on the property ladder here.
Posts: 3809 | From: Paradise | Registered: Mar 2003
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ok penny i wish u the best of luck in wat ever u do , we wil have to agree,to disagree.misk mumpink
Posts: 1344 | From: uk/ | Registered: Mar 2006
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no harm done mr small iam always here if you need any help iam sure you made a wise choice.will be in sharm soon let me know when you there and we will have a look around and see whats what,and have thet coffee,on me
Posts: 1344 | From: uk/ | Registered: Mar 2006
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I read with interest about the advice given on the forum about dealing direct with the developers and cutting out the agents. However, yes it is a good idea to go to the sites and ask for the developer and try to deal direct with them. The down side to this I fear is how would I know this complex is going to be finished. Once dealing with the developer and getting a solicitor where do we go next? i know the agents all charge their own prices but they can walk us through the buying process. If anyone on this foorum has done just that and gone to the developer direct, then can they post on here a small pointer as to the steps we would need to take from start to completion. When I spoke to City & Urban they told me that there are sites they are not dealing with as the developers are known for either not finishing their projects on time or they have faulted somewhere along the line. Again, this brings me back to the catch 22 situation of knot knowing when i hand my money over whether the project will be finished on time.
Posts: 17 | From: UK | Registered: Mar 2006
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hi there you are correct some developers have gone under,a very big one in nabqa.
this is not about cutting agents out and saving a few quid. its about getting to know the true cost of what your buying and being in control.its up to the person buying they can go and deal a good price with the developer than go to an agent and say manage this deal for me and take the comission,not they would like it, i have brought from the developer several times and also a agent.the last thing, if you go through a agent and the developer goes under do you think the agent is going to give you his money back.it all depends what the buyer wants at the end of the day. we all want the sun and a nice place but at what price and after all people want to enjoy what they have brought not go home broke and in tears.
ILDi when you say walk us through the buying process, what prcess the developer gives the contract to the agent he gives it to you,the developer tells the agent info the agent tell you,i dont need to pay anyone,i will ask the questions and ins and outs to the face who iam buying off then i will judge from then,
only the other week in nabqa the agent said i will get the best deal for you,oh yes i spoke to the developer the day after and got the roof space with bbq area and for 7500£ s less and then 5500£ less in nemma bay area so just look at the cost on to projects i saved its as much as people earn in this country.so where would that money have gone? but i love my place in montaza from start to finish i managed everthing with very good help
Posts: 1344 | From: uk/ | Registered: Mar 2006
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hi guys i am egyptian and just transfered to live in nabq bay for my husband works there i used to work for a multinational insurance company located in cairo which is the AIG ( American insurace group ) and will be glad to give you any advices regarding egypt or insurance in egypt also would very much like to make new friends in sharm espicially mums with toddlers we can share experience and how to manage living in sharm
Posts: 6 | From: Sharm | Registered: Apr 2006
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go to the top of the class des. they was 27k off plan when started and was selling at 110k thoses villa around the pool. but if you look in nabqa area there seems things dont move on as quick in othere areas. went in one last year 17k and drove to it this year as a guide for myself and it was the same so i thought if you want something done right do it your self
Posts: 1344 | From: uk/ | Registered: Mar 2006
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Nado Hi Can you get insurance to cover the buiding and its content in Egypt? I am in the process of buying at the Hilton Oyoun in Nabaq and would like to explore the insurance situation. thanks
Posts: 13 | From: chelmsford, Essex,UK | Registered: Jun 2005
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Mac What makes you say that the contractor at the Hilton in Nabaq has gone under? I was out there last week and they were working like mad on both the Hotel and the apartments. What can yuo tell me about the development and what do you know about Sharm El Sheikh Real Estate - Tarek El Saadi Cheers
Posts: 13 | From: chelmsford, Essex,UK | Registered: Jun 2005
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there is a few hiltons in the area if your is working like mad then your ok not sure what to say on theses people heard mix reports i dont think there bad but just keep on top of things
Posts: 1344 | From: uk/ | Registered: Mar 2006
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andy the hotel was never called the hilton but was to be give to them and then the hilton heard the stories of over budget,people not getting there property and so on so the hilton told the developer no they will not put there name to this
Posts: 1344 | From: uk/ | Registered: Mar 2006
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Mac , the only Hilon in Nabaq is the Hilton Oyoun I have been intouch with the Hilton group and they tell me that if the Hotel is up to their standard they will allow it to be called a 'Hilton Hotel' - who told you that the Hilton will not allow the development to be called a hilton?
Posts: 13 | From: chelmsford, Essex,UK | Registered: Jun 2005
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this was at the begining of the year there is more than one, the way hotels are built is 2 ways one a company will pay a developer to build under its name,2nd the developer will build to a standard then sell 2 a chain or company. the one i was at is go in to nabqa and its on your right i was there a year ago this week then the other week it was coldwell banker who stop selling as there is trouble with the buider , what i dont know ,i was with tree agents and they all said the same they would not sell in there ,also they name two other sites in the area
Posts: 1344 | From: uk/ | Registered: Mar 2006
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Myself and a colleage are both looking to buy a property in sharm, both as an investment and also for the occasional holiday, for ourselves and our family.
My colleague is in Sharm at present and having visited a number of agents, we are seriously considering both investing in a 1 bed apartment in the Delta Sharm Resort at around £40,000.
It has been suggested that the resort can generate and manage rentals and that we could anticipate an average return of £300 per month.
Given that there are many more experienced Sharm investors on this forum, i'd welcome you opinions and comments as to whether the price is reasonable and the return realistic.
posted
wat to say ,delta sharm was very good rental but slow now with so many others coming on stream,
the management have changed there contracts in sale resale % which is now higher i think u can get better deal than 40k as many selling, look on private sites try to get direct to the buyer but still a lovely place i would buy if the price was right. try to buy with an old contract that states lower resale %
Posts: 1344 | From: uk/ | Registered: Mar 2006
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yes u will get the 300 per month but watch the agents commission,10% and what if the people leave within the yr that will take it down a lot so 300*12=3600-10%=360 so they will take this 360 up front and then if it stops empty for a month or two so try to rent this ur self its not hard with the site that are about and at the diver centres
Posts: 1344 | From: uk/ | Registered: Mar 2006
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andy cullers wrote: "... and what do you know about Sharm El Sheikh Real Estate - Tarek El Saadi"
I dealt with their office over the last few months. Put a reserve down for an offplan villa in Hadaba. The whole resort was sold as a lot before I signed the contract. Got my full reserve back from Tarek El Saadi just two weeks ago. Overall, my experience was pretty good with them. But I am back to square one now, looking for another property.
Posts: 299 | From: Dubai | Registered: Jan 2006
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£40K sounds an awful lot for a one bed in sharm no matter where it is.We paid £36K for a new 2 bed.Try the Ard El Mizad area of Hadaba,you can walk to the beach and there is a very cosmopolitan feel to the whole area.It is also a big rental area and there are quite a few really lovely,new blocks just being finished,some very near the new water park that should be up and running in a few months.
Posts: 70 | From: UK | Registered: Mar 2005
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yes the water park is good news for the area its just facing my villas so should be good for rental in the future.just been talking to mate in sharm lots of police about
Posts: 1344 | From: uk/ | Registered: Mar 2006
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You must be very near us mac,from our balcony we can see the cement elephants,they are directly opposite us.We are one block back from El Khazan street.
Posts: 70 | From: UK | Registered: Mar 2005
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I would like to have a look around Hadaba onee day as I have been, but there doesn't sem much there...Anyone fancy a short sightseeing/coffee one day?
Posts: 8 | From: UK | Registered: Feb 2006
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Its all there,its just hidden away in the nooks and cranies.The lifestyle in hadaba is a lot more laid back than Naama and thats just as well,you could not live at that pace all the time.
Posts: 70 | From: UK | Registered: Mar 2005
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hi mr small how are u. esme will be in sharm soon ,hadaba i think is good from many points of view, its a good base from where to travel and return in the evening ,and go for meal and shop for your local produce things are cheaper. when you get to know places,NABQA is a long way off in a lot of things but in a few years who knows
Posts: 1344 | From: uk/ | Registered: Mar 2006
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I am going to Sharm for one month at the end of July to hopefully view and purchase an apartment. Have learned that first and foremost i need a lawyer, then a residents visa from El Tor but would be very grateful for any other advice. i have limited funds so was thinking it would have to be something simple, not off plan and not necessarily new. Last year I stayed for six weeks and rented a 2 bedroom apartment in Hadaba near Makani Bakery, would quite like something in that area but open to anything really as long as its Sharm 9my favourite place in the world) Thanks Jo
Posts: 4 | From: Chester England | Registered: Jun 2006
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HI ,MY NAME IS ASHRAF ,AND IAM DENTIST LIVE IN SHARM,AND HAVE MSNY PROPERTY IN SHARM ,IF YOU ARE INTEREST CONTACT ME
Posts: 5 | From: sharm el sheikh | Registered: Jun 2006
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