I just wondered in today's climate how many people have bought a property in Egypt to rent out and how many have actually decided to leave their country and start a new life there.
I support El Gouna, its amazing as its a ready established community with all services you would ever need, just it have a life style that could be the perfect choice for some people and some may not depends on what you like, just only point these new projects is away from the sea around 12 km something like this, so not like other old projectsHi Majicou
How was your trip to El Gouna? I came back , 2 weeks ago, following my first trip there. The reason for the visit was 2 fold. Firstly I was interested in buying and secondly, I am selling there as an agent.
I had a wonderful trip with the family and did actually buy a couple of units in Ancient Sands. The whole area is already established, as you know, but the future plans are even more exciting.
There is this wonderful feeling of exclusivity which is what we were looking for and what many clients have since looked for. You pay may more in El Gouna but the reason you do , is quite obvious once you are there.
I am on a small guaranteed rental and will be in the rental management programme. The construction period is long and payment terms attractive.
We will definately be going back next to review progress to spend a few more glorious evenings with the team there.
may be you could contatc zeiad yehia in Legal thread and he will tell you about all info you need.I agree, I have just purchased a two bed apartment on Naama Bays cliff top. This is an investment property for me, I will use it a lot and rent it out. Eventually I plan to spend six months a year there but not for a few years. If they put the Marina in as rumoured my investment will bring a good resale return should I choose to sell. If not I still expect a good return on resale over 5 years. If the Egy pound stays sound I expect a good rental return as people shy away from Euro destinations and yearn for more sun. Sharm has so much to offer everyone I believe it will soon be number one destination, especially come Easter when people just can't afford to go skiing but want a holiday.
The government still have a lot to do though, especially on the laws for renewal of Leaseholds after 99 years.
Anyone have any clues on import tax for perfume. I would like to import designer perfume to sell there but can't get an answer anywhere on the import tax scenario!
Hi GeorgeI support El Gouna, its amazing as its a ready established community with all services you would ever need, just it have a life style that could be the perfect choice for some people and some may not depends on what you like, just only point these new projects is away from the sea around 12 km something like this, so not like other old projects
are you sure its 1 km?????? only???Hi George
It would seem that you are in agreement with what is being offered in El Gouna. But just so that there is no confusion. El Gouna is on the coast and enveloped in lagoons. Ancient Sands will also have many lagoons and is max 1 km away from the sea but interlinked with waterways to the sea.
HiDon't want to split hairs, but maybe 1.4 approx. As that phase has not been started, it is difficult to say. It took me no more than 2 minutes in the car and that was driving at around 20mph.