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Advice needed- Egypt or India

Discussion in 'Buying Overseas Property' started by Yellow, Apr 19, 2007.

  1. Yellow

    Yellow New Member

    Hi,
    I've been doing a lot of research on the internet trying to find the best investment for around €50,000, best place to get high capital appreciation etc! I've narrowed it down and now I'm thinking of Egypt and India

    Egypt- Zafarana, Hughada, Naama Bay, Ain El Sukhna

    India- Goa, or a residential apartment in Maharashtra

    (I've also been looking at Brazil, Cape Verde; and Montenegro, a bit over budget now though)

    The more I read the more confused I become:confused: so if anyone has any opinions or advice, I'd really appreciate it!
    Thanks!:)
     
  2. memerson

    memerson New Member

  3. Yellow

    Yellow New Member

    Thanks Memersen,
    Yes I saw these and looked into it- it seems like a great development but it would be over my budget as the apartments are almost complete now so the option of paying in installments wouldn't be there anymore. Also, I think the furniture packages are 10% of the purchase price which would bring it up more. If I could affaord it though, I think I would go for it as it does sound impressive!
    Thanks for your help!
     
  4. FH2

    FH2 New Member

    Hi Yellow,

    We are a real estate company based in 6th October, Egypt, a suburb of Cairo. We would love to find you a great spot along the Red Sea, Alexandria or any other city that may best suit your needs. We guarantee one of the best quotes for non-Egyptians. Since our office is a mix of Egyptians and Non-Egyptians. We also have a resident lawyer to protect your rights as a Non-Egyptian. Please feel free to visit our website: Future Home 2000 and fill out our property application and we can find the property to fit your needs and price.

    On a personal note as an American I have found the investment potential in Egypt is astronomical. I have seen property double in value over a period of months. But I have also seen many Foreigners, like myself, paying inflated prices unlike their Egyptian counterparts. I hope to provide to others like myself the opportunity to get fair market value for all property here in Egypt.

    We currently have some listings for Alexandria that may interest you but if not you can always fill out the application. Please feel free to ask any question with regards to real estate law in Egypt or related questions. Thanking you in advance. We hope to hear from you soon.

    Your sincerely,
    Mohammed
    mohammed@futurehome2000.com
     
  5. Yellow

    Yellow New Member

    Hi Mohammed,
    Thanks for your reply. I hadn't considered buying beyond the Red Sea. The first apartment on the list on the link you posted looks lovely. I went to an exhibition on property in India today so at the moment I'm considering that, but I appreciate your help and if I reconsider buying in Egypt I'll check back on your website.
    Thanks
     
  6. gip

    gip New Member

    Red sea is the future

    Dear Sir,
    We are Global investment properties 4U, with offices in the UK and Sharm El sheikh.
    We are an independent real estate agent not tide to any of the developers, thus we give best advice to our investors.
    Please visit our website for more information.
    Egypt Properties for sale and rent in Sharm El Sheikh apartments,find Egypt property,search investment, hurghada, marsa alam,red sea,real estate,search property for sale,non Egyptians,properties law in Egypt, financial and mortgage advice, buy and rent apartments,villas,inspection
     
    Last edited by a moderator: May 8, 2008
  7. alison9071

    alison9071 New Member

    buying a investment property in hurghada egypt

     
  8. Robert Gavin

    Robert Gavin New Member

    Not trying to seel you ay property but just giving my opinion.

    Eqypt- Sharm el Sheik is relaly the best place for investment IMHO.
    An even better place (though don' tell too many people) is a place called Dahab.

    Small village that is a backpacker hub and is become more upmarket.

    Incredible place and resembles what Sharm was like 15 years ago.

    India- Goa is prob the bext location although be careful about rentals. At the end of the day it is really just a beach resort (not a prticularly nice one...I have been) and i am not sure if oyu will get many Europeasn flying to India for just a beach.
     
  9. awahee123

    awahee123 Banned

    Hi I think Hurghada would be your best bet as you will definately get something decent for your budget,do you not have to stay in India for 6 Months then go out and come back before you can buy?,unless youre a national.Go to Hurghada have a good look then make up your mind after all £50k is £50k,I dont think you will be dissaponted i think a pleasant surprise awaits you.GOOD LUCK
     
  10. dave99

    dave99 New Member

    Red Sea Hurghada Egypt

    No idea about India but I do know a bit about Hurghada in Egypt.

    As requested by a few others in this thread for anyone to be really helpful we need a bit more info on what you like / do not like etc please, otherwise all you are going to get is more confusion.

    It looks as though you need to buy off-plan to get stage payments, however it is possible (depending on your finanaces) to get a 60% mortgage in Egypt on something that is "substantially" complete.

    For pure investment and not personal use you need to consider factors that you BELEIVE will cause prices to increase steadily over time - but when would you want to sell !!!.

    ...
     
  11. awahee123

    awahee123 Banned

    Egypt or India

    Hi have you made your mind up on where you will actually invest will it be Egypt or India?
     
  12. hiszein

    hiszein New Member

    50k Euros will not get you something is sharm el sheikh prices are more expensive there
    Think about hurghada or Sahl Hasheesh , nice places and you can get something good at 50k euros
     
  13. nancyarora2020

    nancyarora2020 New Member

    Eight years ago, based on growth rates of 5.3-6.1%, Goldman Sachs predicted that India would become the 3rd largest economy on earth by 2035. However, the current figure has accelerated to an unprecedented 9.4%, and the country is now preparing to be to be the world’s third largest economy by only 2010. This makes Indian property investment opportunities particularly attractive at present.India’s real estate investment market is rapidly growing and following the relaxation of FDI regulations, the country is attracting substantial interest from cross border real estate investors.Maharashtra is the most progressive region within India. It’s capital Mumbai is one of the most populous in the world. India's largest Stock Exchange, the Bombay Stock Exchange (among the five biggest SE’s in the world), is also located in the city. 20% of India’s exports leave Maharashtra in the form of software from specialist parks (Special Economic Zones) throughout Maharashtra. Other major industries in Maharashtra include: chemical and associated products, textiles, petroleum and pharmaceuticals. Mumbai has attracted migrants from all across the country because of the immense business opportunities, and the relatively high standard of living, Real estate in desirable areas of Mumbai is not cheap. Undersupply of properties has driven prices in certain regions in Maharashtra to levels comparable with Europe’s larger cities. It is not uncommon to pay £2,500 - £5,000 per month to rent a three bedroom apartment, and to purchase such a unit, one would expect to pay approximately £500,000.00. A four bedroom apartment can easily achieve a monthly rental figure in the region of £7- 8,000.00 (purchase price of £1million), in the area of Bandra.Goa – India’s ‘must see’ destination is fast becoming a ‘must have’ for tourists who want to own a permanent place under the Goan sun. Goa’s alluring beaches and palm fringed countryside has so much to offer that one cannot have enough of it.In the present day scenario, if there is any powerful investment tool that brings burgeoning financial returns, it is INDIAN REAL ESTATE!!! Investors should consider the parameters minutely and meticulously to find out why investing in Indian real estate now is the best viable option.Selling and buying Indian property is now considered as the most profitable and attractive business opportunity in the present real estate scenario in India.
     
    Last edited by a moderator: Apr 2, 2008
  14. mickthepropertyguru

    mickthepropertyguru New Member

    Hello Mohammed
    Why dont you give him an ideas of the properties prices in different areas and which area you think is best in terms of investment for his budget ! And what places have double in value in such a short period?
     
  15. fams

    fams New Member

    advice sought

    Why dont you consider Dubai.Its a safe bet right now .
    Fahima
     
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