Beautiful apartments Hurghada, Egypt. € 22.200 - € 120.900

In Brief

Beautiful apartments Hurghada, Egypt. 8 photos active
Price: € 22.200 - € 120.900
$ 28.156 or £ 18.376
Price per sq.m.: € 740 - € 806

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Type: Apartment / Flat
Bedrooms: 1 - 3
Bathrooms: 1 - 3
Total Area: 30 - 150 m2
Garden area: 0 m2
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Your Agent

Trendafil Dryankov

Overseas Property
Phone:
+359 (0) 2 97 33 111
Mobile:
+359 (0) 878 91 92 92
Email:
overseas@excelproperty.biz
Skype:
excel.property.overseasCurrent Status
Address:
27 Liditse Str., ap.2 Geo Milev quarter, Sofia
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Agent's Description

Florenza Khamsin lies in the heart of the Arabia district in the centre of Hurghada, just five minutes from the main promenade featuring a range of shops, cafes, restaurants and international brands including Hard Rock Cafe and Buddha Bar.It is also just ten minutes from the international airport.

It is the perfect choice for someone looking to be close to the facilities of the town, but also to own a property in a development on the first line with sea views and a private beach.Florenza Khamsin resort has been divided into two phases, beach front residences and garden residences across the road.The beach front apartments will be released later this year, but they will not be as good value for money as the garden side apartments, which still use the same facilities and have sea views.The apartments will be finished to a high standard with a ten-years building guarantee.

Overview

The Florenza Beach resort has its own private beach and marina with stunning views over the crystal clear red sea, towards the famous Giffen Island. The resort is perfect for those looking to enjoy an all year round beach lifestyle and indulge in the many water sports on offer.

Down on the waterfront the resort will really set itself apart. Over 200m of carefully landscaped beach and gardens that will offer mouth watering gastronomy from the seaside bar/grill as well as various instructor led activities such as kite surfing and snorkelling.

Prices start from 22 200 Euro

The first phase of the Florenza Beach resort to be launched will be the Khamsin Garden apartments, benefiting from all the amenities in the resort these apartments offer amazing value for money in this premium location. The Khamsin Beach units are not due for release until July 09 and will be subject to further price increases.

Studios from just 22 200 Euro

One bedroom apartments from just 27 700 Euro

Two bedroom apartments from just 42 100 Euro

Three bedroom apartments from just 120 900 Euro

Facilities

  • Private beach
  • Swimming pools
  • Landscaped tropical gardens
  • Reception and concierge services
  • Commercial area with a variety of shops and HSBC bank
  • Restaurants including beach bar and grill
  • Water sports centre including diving, windsurfing and kitesurfing
  • Fitness centre, spa & beauty centre
  • Wi-fi and cable TV for all apartments
  • 24hr security

Guaranteed Rental

There are two options:

– you may enter into a guaranteed rental scheme of 8% and enjoy 2 weeks personal use each year

or

-the guaranteed rental scheme of 6% with 4 weeks personal use each year.

The project is due to be completed in June 2011

Property Information

Ref. No.: ERG-KH
Category: Seaside properties
Units in building:
Units sold:
Location: Hurghada
Country: Egypt
The offer was published on: 16 Nov, 2009
The offer has been viewed: 1878 times
Enquiries received: 4

Floor Covering

  • Ceramic Tiles
  • Wall-to-Wall Carpet
  • Laminated Floorings
  • Paste cement
  • Carpet

Exterior Features

  • Cement/Concrete
  • Brick
  • Plaster coat
  • New tile-roof
  • Stone decoration
  • Drainage
  • New electrical wiring
  • New piping
  • Decorative plaster

Interior Features

  • Dining Room
  • Shower Cabin
  • Master bath
  • Bathroom/WC
  • Bath-tub
  • Bathroom
  • WC
  • Internal staircase
  • MDF doors
  • Interior elements
  • Ornamental elements
  • Air-conditioner

Unit Features

  • Balcony / Terrace
  • Top Floor
  • Penthouse
  • Ground Floor
  • Private garden
  • Cable / Satelite TV
  • Phone line
  • Internet
  • Security system
  • Reception
  • PVC double-glassing joinery

Facilities

  • Parking place
  • Laundry facilities
  • Pool - Outdoor
  • Elevator
  • Sauna
  • Exercise Room
  • Gym
  • Security Gate
  • Lobby bar
  • Resaurant
  • Spa centre
  • Beauty salon
  • Supermarket
  • Playground for children
  • Tennis-court

Local Activities

  • Fishing
  • Water sports
  • Surfing
  • Horse riding
  • Cycling
  • Swimming
  • Diving
  • Sailing
  • Walking / hiking
  • Tennis

Local Amenities

  • Post office
  • Medical service
  • Bus station
  • Shops
  • Restaurant
  • Cafe
  • Church
  • Disco club
  • Aqua park
  • Casino
  • Night clubs
  • Airport
  • School

Payment Information

2000 Euro Reservation 40% On signing the contract (less reservation fee) 20% Within 6 months of contract date 20% Within 12 months of contract date 20% On completion

or

2000 Euro Reservation 40% On signing the contract (less reservation fee) 60% in monthly installments over a period of up to 10 years! with an annual interest rate of 5%.

Additional Information

As an investor you can expect returns of around 20% up to 40% from investing in the right off-plan property developments in this region, beach front especially carries a premium. If you are looking to buy Hurghada property as a resident you will find the quality of life and the quality of property in Hurghada options amazing! Hurghada Property Benefits Include:

  • Potential long term rental opportunities from tourists and divers
  • Hurghada property prices are lower than Sharm El Sheikh
  • Property for sale in Hurghada can be bought freehold
  • Plenty of beach front property in Hurghada for sale
  • UK holidaymakers are beginning to hear of Hurghada/ Sahl Haseeh, second most popular destination to Sharm
  • Increasing number of interest payment schemes
  • Easily accessable to Luxor for sightseeing by road ( 3 hours drive)
  • Good selection of Water Parks, and Golf courses nearby
  • Lower cost of living
  • Hurghada property prices still good value compared to the UK and Spain
  • Steadily rising annual property values all along the coast.
  • 10 year building guarantees
  • Non-resident friendly
  • Constant improvements to infrastructure (Airports, golf courses, amenities, roads, etc)
  • Good shopping, nightlife, and international restaurants

Four reasons for investors to buy Property In Hurghada:

  • Hurghada property is priced below today's market value (all Hurghada property is therefore purchased at a discounted price).
  • Your equity is limited to around 30% of the property's price. (You pay just a fraction of the sales price to secure your ownership rights).
  • During construction you can opt to sell your Hurghada property on to a 'lifestyle' buyer benefiting from scheduled price increases from the developer and additional capital market growth.
  • Or, elect to go to Title Deed and finalise your purchase; then sell your property in Hurghada approximately two years later and see potentially even bigger gains on your investment due to the development's 'mature' status and desirability.

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Nearby

  • Nearest airport: Hurghada Airport, 5km
  • Nearest bus station: Hurgada
  • Nearest highway: Hurgada-Kairo
  • Nearest beach: Privat Beach
  • Nearest port: Port Hurgada

Egypt

Country overview

Egypt has long been known as a tourist destination but now a recent explosion in water sports holidays is fuelling a property boom, especially along the Red Sea coast, and British buyers are grabbing a slice of the Egyptian action in their droves. Red Sea properties are by far the most popular amongst foreign house hunters and this has been reflected in impressive house price increases.

  • Population: 78,900,000
  • Capital: Cairo
  • Approx. exchange rate: £1 = 11EGP (Egyptian Pound); €1 = 7EGP
  • Visas: Yes, visitor visa and renewable twelve-month work visa
  • Time difference: +2 GMT
  • Flight time from UK: 5 hours
  • Major airports: Abu Simbel, Alexandria, Aswan, Borg el-Arab, Cairo International, Hurghada, Luxor, Sharm el-Sheikh
  • Dialling code: 00 20 (+20)

Climate: The climate is good all year round with the North Coast and delta regions influenced by the Mediterranean climate and subtropical climate in the south. The long hours of sunshine and an average daily temperature of 21.9C (Cairo) makes it the perfect destination for sun seekers.

Accessibility: Its popularity as a tourist destination means that there are regular flights from the UK to Egypt, less than 5 hours flying time from most of Europe.

Why invest

More overseas buyers are already purchasing in the country. The Egyptian real estate sector has recently experienced a substantial growth, partially stimulated by relatively strong demands from expatriates and foreign nationals to purchase properties in Egypt. Traditionally, the overseas property market in Egypt has been concentrated in and around El Gouna, a resort about the same size as London located on the Red Sea coast some 600 kilometres south of Cairo, the capital.

Property prices have already gone up in the past 12 months as have land prices – by as much as 60 per cent in some areas. Prices are expected to grow by around 15 per cent in the coming months as Egypt starts to become better known in property circles.

Legals and Taxes

Buying property in Egypt is a straightforward affair provided you employ a lawyer to sort out an otherwise complex system of property registration.

Foreign purchasers have the right to own real estate and land in Egypt. Today the government recognizes the great value foreign investors in property have for the success of the economy and have set about actively encouraging overseas buyers to Egypt. New laws have been established to make the Egyptian property purchase procedure more secure. For example, the government can no longer impound or nationalize any property they wish – a practice that stood for centuries. These changes, along with a few others, are increasing confidence amongst overseas buyers.

Once you decide on a property, you will need to pay a holding deposit to take the property off the market while contracts are drawn up.

Lawyers

Lawyers in Egypt will normally speak English and will be able to produce your necessary paperwork in Arabic, as required by all the authorities. Egypt has many complex real estate registration issues so it is critical to have a lawyer conduct the appropriate searches and provide you with legal advice regarding the purchase. Local lawyers will also help you through the best way to conduct business with the local people who have their own particular idiosyncrasies and customs which are important to be aware of.

Fees and Taxes * Property registration and legal fees for conveyance total around 6%. * Stamp Duty on property is payable by the buyer at 3%. The buyer will also pay a small inspection and measurement fee (approx. 65 euros). * Tax on any form of income from property runs at 20 to 22% and is basically the alternative to Value Added Tax. Many countries enjoy a double taxation treaty with Egypt. * Egypt levies no inheritance or capital gains taxes.

Registration

Most Egyptian properties are not registered, even though registration is an essential pre-requisite to a purchase. Therefore the lawyer’s assistance in liaising with the Real Estate Registration Office in Egypt is essential in order to ensure the property is duly registered and prepared for foreign purchase. Registration can take up to four months. After inspections and payment of taxes/fees, you will finally obtain a new title from the Registry.

Please contact us if you need further information!