realestatemart
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its the wrong choice from their side from the beginingHi George they already have lawyers - this has been going on for a long time. I have read their plight on lots of different forums.
its the wrong choice from their side from the beginingHi George they already have lawyers - this has been going on for a long time. I have read their plight on lots of different forums.
Hiits the wrong choice from their side from the begining
Well written Riccal. My heart goes out to them, what a nightmare. Certainly puts the odd broken tile and poor grouting into perspective.Hi
I dont see how you can say this is their wrong choice. At some point a buyer has to make a decision (gulp) and buy a property. They do all their due diligence and check that the details in the contract are correct and they decide to go ahead. Then some a.....e of a developer decides to completely screw them because he believes that, as a local, the law will be on his side no matter how pig ignorant his behaviour is.
Foreign purchasers will always find this sort of problem legislatively, whether in Egypt, Dubai, Morocco, Bulgaria etc. etc. (even in the supposedly level playing field of the European Union),but this sounds like one of the most unbalanced I have heard about.
Every international emerging market that decides to take advantage of the global property buying trend MUST work towards bringing genuine non partisan legislation and court systems into play or they risk losing everything that the government wishes to put in place strategically because of the blind and greedy behaviour of short term gain artists like this guy.
Sharm Resident, I applaud your self control. If it was me this guy would be seriously regretting his actions (and, so would I whilst reflecting from within an Egyptian jail cell I guess)
Rick
He will not, not he don't care, bt he don't like that others know that he got such problemWe are already working on this as newspaper did not bring much.
The Governor has enough power do it or at least push it at high level in Cairo. But he don't care!!
Hi all, as anyone bought or thinking of buying in The View, nabq bay, if so please can you contact me,in a dilemma do not know to choose this or la serena, thanks debbiehi sharmer,
reading through your other posts it seems that you are an agent and I'm afraid we don't allow agents to solicit business on the forum
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Hi Jojo and welcome.hi everyone, my name is jo and i just want advice from other members who have bought property in egypt. i am basicaly at the absolute start of the buying process with me simply searching the web for properties available. first things first though, what is the best way to finance buying in egypt? i co-habit with my partner in his house so i do not have my own mortgage. i have paid into saving so that we can lay out a deposit for a property overseas. having holidayed in sharm this year we completely fell in love with the place and have decided sharm is the one. as i dont have a mortgage at the moment and having read about difficulties for non egyptians to obtain mortgages does anyone have suggestions for the best way to proceed in financing our buy...loans/mortgage/asking partner to remortgage etc....
can anyone suggest any good developers or agency's who are reputable?
we are currently considering just off plan projects what are the pros and cons of offplan that members have experienced with egypt?
we will of course be going out to sharm first to view any properties we are interested in....we've read the warnings from the forum about not buying without seeing. We would like to invest in naama bay as it offers everything we want from a holiday home but we have seen developments in nabq bay does anyone have recommendations about naama v nabq?
sorry about hte lengthy post but my mind is a bit boggled at the moment knowing where to start!!!! all help offered is greatly appreciated.
thanks
jojo
Hi Slawek and welcome aboard. Please see my post above that may help. Any further questions please post away. We have quite alot buying in Sharm now on Sierra Nabq, Gold Sharm, Sharks Bay and Naama.HI
I am also looking to buy something in Egypt, I mean like 1 bed apartament in Sharm El, just started looking for more information how to do it. We are planning to put arround 30K I hope it will be enough. Probably will go there to have look myself.
It would be good to share the experience with somone who is planning similar thing
Slawek