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Organics1
New Member
You beat me to it!
I was just thinking the same thing
If it does include the Red Sea then I wonder if developers have had the foresight to take this into account in their planning.
I was just thinking the same thing
If it does include the Red Sea then I wonder if developers have had the foresight to take this into account in their planning.
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dave99
New Member
Nothing special about Egypt coastline
Some areas of Hurghada have already been built on what is clearly a "wet" area.
Developers can cover for some elements of "wettest" but not flooding. The only way to be safe is NOT to be in a beach front property.
Would be interesting to know what happens with insurance claims.
.
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This is important to understand but is not anything new and for owners and potential owners of property on the Red Sea it's simple common sense - if you really must be tempted by "being on the beach" as being the the "only" place to buy then you must take the sea in to account. The fact that the Red Sea shows very little tidal movement simply hides the possibility of something more significant.
Some areas of Hurghada have already been built on what is clearly a "wet" area.
Developers can cover for some elements of "wettest" but not flooding. The only way to be safe is NOT to be in a beach front property.
Would be interesting to know what happens with insurance claims.
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nubianqueen
New Member
hear your concerns and thoughts dave and i agree, why do human beings think they are the masters of the natural environment and then disasters strike and oh!! my apartment in london and hurghada are both on the top floor what does that say about me!
nubianqueen
p.s. hope you are well and i know busy busy busy!
nubianqueen
p.s. hope you are well and i know busy busy busy!
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Organics1
New Member
As a Muslim myself I thought I would share this.
This news isn't new, in fact it's 1400 years old.
The Arabian Peninsula - IslamOnline.net - Living Sharia'h
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realestatemart
Banned
New MBC Channel
MBC launched a new free English Channel called MBC Max
MBC launched a new free English Channel called MBC Max
Peter Mitry
<B>Egypt Forum Founder Member</B>
Fractional Ownership in Egypt
PUBLISHED TODAY IN OPP WEEKLY NEWSLETTER
Wednesday, 21st January 109, 5:22:13
FRACTIONAL PROPERTY TO ‘OUTSELL FREEHOLD WITHIN FIVE YEARS’
Fractional ownership, Mintel, Ragatz Association, Northcourse Ltd, The Best Group, RGM Fractional, Middle East, Egypt
Fractional property will take over from freehold sales in Europe within five years, according to industry specialists, as poor economic conditions leave its legacy on the world’s mid-range buyer market.
Fractional ownership was already growing in prominence with global buyers before the downturn, according to data from Mintel and the world’s two biggest fractional consultancies, the Ragatz Association and Northcourse Ltd, which revealed that in 2007 the fractional ownership industry was worth US$1.98bn, (20% up on 2006) excluding destination clubs which registered a further $2bn in sales.
In 2008, the market is predicted to be worth $1.2bn alone in the Middle East, with the majority of establish European and Mediterranean markets all recording strong growth in sales figures.
The industry is also taking root in Egypt, with agency Egypt Real signing a new affiliate partnership with consultancy Fractions Abroad, making it, what it claims, the first company to offer fractional ownership in Egypt.
“Fractional ownership is a great tool to enable you to secure business from almost any client no matter what their aspirations or budget,” said Peter Mitry from Egypt Real. Commenting on his structure in the country, he added: “Contracts will be tailored to the individual developers who adopt fractional and can be produced in all of the major languages which will feature alongside Arabic.”
Meanwhile, more and more developers are looking to fractional as a way to secure sales in an uncertain future. Brad Lincoln, CEO of fractional consultancy The Best Group, said his company has been approached by an average of two developers per day to help them consider structuring a fractional product, but turn down 85% because there are not enough trained sales people to handle fractional sales, also stating that “fractions do not turn a poor resort into a good one”. “In five years time the only people not buying fractional will be retirees. Fractional is going to take over completely,” he added.
As a result, the new launch RGM Fractional held its inaugural Fractional Awareness Day in London, designed to raise awareness within the industry about fractional ownership and advise those brokers looking to enter the sector.
The audience of property professionals were taught the workings of fractional ownership, how this can be sold against freehold properties, either as a lifestyle, or an investment proposition, and the distinct differences between fractional ownership and the infamous timeshare industry.
“We have flown over from Spain today to learn more about fractions and the different financial vehicles open to interested buyers,” said Allen Cooper, from World Properties and Land. “This is a growing market, but there is a clear lack of knowledge in the industry.”
Enda Maguire, from Equity Share International, added: “The day was very informative, accurate and well targeted at those looking to sell in the sector.”
Speaking about the future of the international property industry, Lincoln suggested that freehold ownership will become a “luxury, with only high-end buyers taking this path” in the future, with fractional ownership, and its lower cost of entry, taking over.
Graeme Grant, MD of Resort Group International, agreed with Lincoln and said, at the awareness day: “Fractions have been successfully marketed in the USA for some 10 years now and will become the major leisure property product in Europe within five years, easily outselling freehold within that period.”
PUBLISHED TODAY IN OPP WEEKLY NEWSLETTER
Wednesday, 21st January 109, 5:22:13
FRACTIONAL PROPERTY TO ‘OUTSELL FREEHOLD WITHIN FIVE YEARS’
Fractional ownership, Mintel, Ragatz Association, Northcourse Ltd, The Best Group, RGM Fractional, Middle East, Egypt
Fractional property will take over from freehold sales in Europe within five years, according to industry specialists, as poor economic conditions leave its legacy on the world’s mid-range buyer market.
Fractional ownership was already growing in prominence with global buyers before the downturn, according to data from Mintel and the world’s two biggest fractional consultancies, the Ragatz Association and Northcourse Ltd, which revealed that in 2007 the fractional ownership industry was worth US$1.98bn, (20% up on 2006) excluding destination clubs which registered a further $2bn in sales.
In 2008, the market is predicted to be worth $1.2bn alone in the Middle East, with the majority of establish European and Mediterranean markets all recording strong growth in sales figures.
The industry is also taking root in Egypt, with agency Egypt Real signing a new affiliate partnership with consultancy Fractions Abroad, making it, what it claims, the first company to offer fractional ownership in Egypt.
“Fractional ownership is a great tool to enable you to secure business from almost any client no matter what their aspirations or budget,” said Peter Mitry from Egypt Real. Commenting on his structure in the country, he added: “Contracts will be tailored to the individual developers who adopt fractional and can be produced in all of the major languages which will feature alongside Arabic.”
Meanwhile, more and more developers are looking to fractional as a way to secure sales in an uncertain future. Brad Lincoln, CEO of fractional consultancy The Best Group, said his company has been approached by an average of two developers per day to help them consider structuring a fractional product, but turn down 85% because there are not enough trained sales people to handle fractional sales, also stating that “fractions do not turn a poor resort into a good one”. “In five years time the only people not buying fractional will be retirees. Fractional is going to take over completely,” he added.
As a result, the new launch RGM Fractional held its inaugural Fractional Awareness Day in London, designed to raise awareness within the industry about fractional ownership and advise those brokers looking to enter the sector.
The audience of property professionals were taught the workings of fractional ownership, how this can be sold against freehold properties, either as a lifestyle, or an investment proposition, and the distinct differences between fractional ownership and the infamous timeshare industry.
“We have flown over from Spain today to learn more about fractions and the different financial vehicles open to interested buyers,” said Allen Cooper, from World Properties and Land. “This is a growing market, but there is a clear lack of knowledge in the industry.”
Enda Maguire, from Equity Share International, added: “The day was very informative, accurate and well targeted at those looking to sell in the sector.”
Speaking about the future of the international property industry, Lincoln suggested that freehold ownership will become a “luxury, with only high-end buyers taking this path” in the future, with fractional ownership, and its lower cost of entry, taking over.
Graeme Grant, MD of Resort Group International, agreed with Lincoln and said, at the awareness day: “Fractions have been successfully marketed in the USA for some 10 years now and will become the major leisure property product in Europe within five years, easily outselling freehold within that period.”
S
samui13
New Member
Georgina
New Member
S
sharmcliff resident
New Member
Sharmcliff on UK ITV 1 - New Homes from Hell 2009: Buying Abroad
Last November we discover that British television ITV1 was looking for new story for the program “New Homes from Hell 2009: Buying Abroad”.
The program is a look at what happens when the purchase of a dream holiday home leads to disaster. Nearly a million Brits now own a property overseas, but foreign laws and language barriers can lead to some problematic and expensive issues after the sale.
ITV1 - New Homes from hell 2009
We dropped them a mail and immediately they got back to us. After a dozen of more mails and phone calls, the filming crew arrived in Sharm the second week of December.
Two full days of filming and interviews followed.
On Tuesday the 17th of March at 8:00 pm (Uk time) our story will be presented during the program on ITV1 - New Homes from Hell 2009: Buying Abroad.
more info at : sharmcliff.info
Last November we discover that British television ITV1 was looking for new story for the program “New Homes from Hell 2009: Buying Abroad”.
The program is a look at what happens when the purchase of a dream holiday home leads to disaster. Nearly a million Brits now own a property overseas, but foreign laws and language barriers can lead to some problematic and expensive issues after the sale.
ITV1 - New Homes from hell 2009
We dropped them a mail and immediately they got back to us. After a dozen of more mails and phone calls, the filming crew arrived in Sharm the second week of December.
Two full days of filming and interviews followed.
On Tuesday the 17th of March at 8:00 pm (Uk time) our story will be presented during the program on ITV1 - New Homes from Hell 2009: Buying Abroad.
more info at : sharmcliff.info
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propertastic
New Member
I just noticed that the Google Earth satellite has recently made a sweep of Al-Ahyaa - the area between Hurghada and El Gouna.
So if you've bought something there, you can take a look and see what's changed over the last couple of years since the satellite last mapped the area.
So if you've bought something there, you can take a look and see what's changed over the last couple of years since the satellite last mapped the area.
Georgina
New Member
Article in Building Magazine about Egypt construction
Work like an Egyptian: Egypt's construction opportunities - Building
Work like an Egyptian: Egypt's construction opportunities - Building
Georgina
New Member
Hurghada property market in Express again
Daily Express | UK News :: EXCLUSIVE: We won’t let them steal our home
Daily Express | UK News :: EXCLUSIVE: We won’t let them steal our home
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sharmcliff resident
New Member
Great link. Thanks a lot!
Georgina
New Member
Georgina
New Member
Britons Held At Gunpoint In Egypt Over Flu
Britons Held At Gunpoint In Egypt Over Flu
Tuesday, May 12 09:31 am
SkyNews © Sky News 2009
A British family have told of their holiday hell after being held in quarantine by armed guards amid swine flu panic in Egypt.
Stewart Harbut, his pregnant wife Sasha and their four young children claim they were "pinned down" at Sharm el Sheikh International Hospital while doctors forced them to give swabs.
The family - who spent £6,000 on the First Choice break - had earlier been bundled into the back of van and driven from Sharm el Sheikh airport to the hospital with a full police escort.
When Mr Harbut, an engineer, tried to leave the hospital after being kept in a "filthy" isolation unit overnight, he was confronted by three armed guards who blocked his way.
Tests eventually confirmed that none of the family had the infection.
Speaking from their Red Sea resort hotel after being "released" Mr Harbut, 37, said he had been treated like a drug smuggler.
He said travellers should be warned about the level of panic in Egypt, a country which plans to kill all of its 300,000 pigs, against World Health Organisation advice.
He told Sky News Online he believed the family may have been singled out because they had stamps on their passports from a holiday in Mexico six months previously.
"We landed at the airport and were queueing up with the rest of the holidaymakers, looking forward to the break," Mr Harbut said.
"All of a sudden we were surrounded by armed guards and police - there must have been about 30.
"All the kids were crying, my wife was crying and I could not believe it.
"It felt like something out of a drug-smuggling film. There were guns everywhere and we were bundled into the back of a van.
"The sirens were going and it felt like we were going at 100mph. The children were hysterical."
Mr Harbut said he was promised the family would be out of hospital in a couple of hours but instead they were held in a dusty room with just five beds.
"The kids were pinned down and instruments were put down their throats. The Egyptians were in a complete panic."
By lunchtime Mr Harbut, from Southampton, had had enough and tried to "escape" the isolation unit with Sasha and the four children - Echo, two, Lennon, five, Nikita, seven and Nathaniel, eight.
"There was absolutely no way out - there were large iron gates slammed shut at the front of the hospital and as I walked towards them three armed guards came towards me holding their guns."
The family were only allowed out of the hospital after all of the tests were confirmed as negative, nearly 24 hours after landing in the country.
The family is keen for the Government and First Choice to warn travellers about the panic sweeping Egypt.
"This was absolute hell - we're just hoping that the kids aren't too traumatised," Mr Harbut added.
Violence has erupted in Egypt as farmers tried to prevent the cull of their pigs.
On Saturday, health officials began the slaughter in earnest, moving in on a Cairo slum where rubbish collectors are said to keep around 60,000 pigs.
Britons Held At Gunpoint In Egypt Over Flu
Tuesday, May 12 09:31 am
SkyNews © Sky News 2009
A British family have told of their holiday hell after being held in quarantine by armed guards amid swine flu panic in Egypt.
Stewart Harbut, his pregnant wife Sasha and their four young children claim they were "pinned down" at Sharm el Sheikh International Hospital while doctors forced them to give swabs.
The family - who spent £6,000 on the First Choice break - had earlier been bundled into the back of van and driven from Sharm el Sheikh airport to the hospital with a full police escort.
When Mr Harbut, an engineer, tried to leave the hospital after being kept in a "filthy" isolation unit overnight, he was confronted by three armed guards who blocked his way.
Tests eventually confirmed that none of the family had the infection.
Speaking from their Red Sea resort hotel after being "released" Mr Harbut, 37, said he had been treated like a drug smuggler.
He said travellers should be warned about the level of panic in Egypt, a country which plans to kill all of its 300,000 pigs, against World Health Organisation advice.
He told Sky News Online he believed the family may have been singled out because they had stamps on their passports from a holiday in Mexico six months previously.
"We landed at the airport and were queueing up with the rest of the holidaymakers, looking forward to the break," Mr Harbut said.
"All of a sudden we were surrounded by armed guards and police - there must have been about 30.
"All the kids were crying, my wife was crying and I could not believe it.
"It felt like something out of a drug-smuggling film. There were guns everywhere and we were bundled into the back of a van.
"The sirens were going and it felt like we were going at 100mph. The children were hysterical."
Mr Harbut said he was promised the family would be out of hospital in a couple of hours but instead they were held in a dusty room with just five beds.
"The kids were pinned down and instruments were put down their throats. The Egyptians were in a complete panic."
By lunchtime Mr Harbut, from Southampton, had had enough and tried to "escape" the isolation unit with Sasha and the four children - Echo, two, Lennon, five, Nikita, seven and Nathaniel, eight.
"There was absolutely no way out - there were large iron gates slammed shut at the front of the hospital and as I walked towards them three armed guards came towards me holding their guns."
The family were only allowed out of the hospital after all of the tests were confirmed as negative, nearly 24 hours after landing in the country.
The family is keen for the Government and First Choice to warn travellers about the panic sweeping Egypt.
"This was absolute hell - we're just hoping that the kids aren't too traumatised," Mr Harbut added.
Violence has erupted in Egypt as farmers tried to prevent the cull of their pigs.
On Saturday, health officials began the slaughter in earnest, moving in on a Cairo slum where rubbish collectors are said to keep around 60,000 pigs.
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thompsonsom
New Member
How awful for this family. It might be wise for apartment owners & friends not to be bringing any bacon out for people over here if they had the idea in mind. Seems a very violatile situation at the moment with anything to do with pigs.
Georgina
New Member
Egyptian President's Grandson dies
The Associated Press: Egyptian president's 12-year-old grandson dies
The Associated Press: Egyptian president's 12-year-old grandson dies
Georgina
New Member
Shark Attack south of Marsa Alam - French tourist dies
Here are the links to the news stories about the fatal shark attack:
Shark kills French tourist off Egypt's Red Sea coast | Reuters
Shark kills tourist on Egyptian diving holiday - Times Online
Shark kills tourist diving in the Red Sea | The Courier-Mail
Tourist dies in Egypt's first fatal shark attack in five years | Mail Online
Here are the links to the news stories about the fatal shark attack:
Shark kills French tourist off Egypt's Red Sea coast | Reuters
Shark kills tourist on Egyptian diving holiday - Times Online
Shark kills tourist diving in the Red Sea | The Courier-Mail
Tourist dies in Egypt's first fatal shark attack in five years | Mail Online
Georgina
New Member
Tanker splits in half near Suez Canal:
Tanker splits in half near Suez Canal - World - Canoe.ca
Tanker splits in half near Suez Canal - World - Canoe.ca
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rossantony
New Member
positive development news
Egyptian property developer gets 'buy' rating | Real Estate
market eyes up egyptian property development firm
regards
Egyptian property developer gets 'buy' rating | Real Estate
market eyes up egyptian property development firm
regards
