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  1. R

    Recommended Solicitors

    Contracts All the above good common sense which should generally be enough but most people I deal with would still involve a lawyer. However, one of the points you raised opens up an issue that is being dealt with on a thread about Marsa Alam at the moment - the developer insisting that...
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    Recommended Solicitors

    Lawyer needed at contract stage I cant agree with you there Dave. The significant part of the contract is the Arabic version. We recommend an Egyptian solicitor to our clients who is hell on wheels with developers contracts. On quite a few occasions we have had the private purchase...
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    Marsa Alam

    Shooting themselves Hi Lou As a PR exercise they aint making any friends. Stoopid really cos the development sounds nice and life is complicated enough in Egypt. I cant believe that AS (who have an Egyptian lawyer on staff as I believe) would allow a Private Purchase Contract not in...
  4. R

    Marsa Alam

    What a bunch of .... Astonishing. I can see why they may think that logically as people are dealing with a Dutch company and the agreement is between client and the company that an Arabic contract is not required. Sadly the asset involved here, real estate, is resident in Egypt. Any...
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    Mortgage in Egypt

    Mortgages Thanks mate In other words, HSBC will accept a 'notional' residential status in order to complete the paperwork for the mortgage. Thats certainly an improvement in how I understood it. Have they rolled this out yet cos there are a lot of people completing on this forum who...
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    Mortgage in Egypt

    HSBC Mortgage Hi Adam Just to clarify, is this mortgage available to non resident expatriates or does the borrower require a work/residence visa. The last time I spoke to HSBC these basic terms were available but with the proviso that the expat must be an egyptian resident with an...
  7. R

    Media Watch

    You would think This is Money would get the stamp duty element correct though wouldnt you. Outside of that, excellent report Rick
  8. R

    Recommendations of trusted agents / developers

    Dont take this too much the wrong way but I think you have to acknowledge the business sense in posting on this web site. It has certainly been very useful to your business on an ongoing basis. Just a little suspicious of the much touted 'I wanna speak out about the nasty agents and their...
  9. R

    Questions to Ask - First Purchase

    Italy/Egypt You wong get anything for 40k in Italy but you will get a mainstream European economy and a mortgage should not be too much trouble. Italy is currently about the top of most peoples want to go to list but its ongoing economic potential is less clear. Bit like Berlin - dead...
  10. R

    How safe is buying off-plan ??

    Off plan benefits When I first got involved in the off plan market in spain it was before mortgages were available and purchasers would make stage payments until completion. Because of the lack of builder finance at the time, builders tended to complete projects a bit more quickly in order...
  11. R

    anyone-bought-sharm-thinking-buying-sharm

    When I read it I wanted to growl. The frustration this guy must be suffering... well, as I said, hats off to him for self control. I can just imagine the developer smiling whilst believing he is completely above any form of redress and, even though it aint my gaff, I could picture myself...
  12. R

    anyone-bought-sharm-thinking-buying-sharm

    Wrong choice!!! 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...
  13. R

    Hania Beach, Central Hurghada, Egypt - Due for completion Summer '09.

    Angle of wings Hi I was with Ross when he was taking these pictures. Very impressed with the site and everything he says is spot on. With regards to the angles of the wings, they open out further than a 90 degree angle (or less depending on your point of view) so that the gap internal...
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    Best "first step" onto the international property ladder?

    Generally speaking not too bad. I am actually going there on Sunday to meet lawyers and developers. The country is looking to actively encourage FDI (Foreign Direct Investment) and is revamping its legislation in order to facilitate this. As such its all a bit new so care is required. I...
  15. R

    EUR 60,000 to invest

    As I said in the earlier post as an answer to Pilliam an element of risk is always going to exist when these levels of capital growth are mooted. However, you have taken that on board. Capital growth over 5-6 years of approximately 100% should not be an issue in a decent emerging market...
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    Best "first step" onto the international property ladder?

    Hi I think your main issue here is that you are looking to achieve 1st world levels of familiarity and security with an emerging market budget. There are several emerging markets which you can participate in with 30k sterling and no leverage (mortgage) but no first world ones. The...
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    Looking for solid properties with equity

    Hi Steven I have emailed you (I think). Please confirm if you receive Thanks Rick
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    Escrow Accounts

    Payments outside Egypt Hi Sveta and Sergio When I read your post I decided to double check. There is no Egyptian regulation regarding money needing to be paid into Egypt in regards to projects being built in Egypt (at least according to my legal guy) and I am sure there are enough...
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    Thailand Investment Help

    Hi Chatterbox. Are you buying as a condominium or with a lease - 49% of a condo development can be sold on a freehold (only the building) to an expat. Thai companies with a 49% expat holding can own land and properties freehold. However, the old tricks of preference shares and non voter...
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    Cairo - Dreamland

    dreamland I am steeling myself for another attempt to phone them shortly. Will post a result if I get anything
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