Project: Hurghada Exclusive, Egypt
Hurghada Exclusive, Egypt
Key Universal is proud to present one of the best off plan investments in Egypt. The development is in the historic city of Hurghada on the Red Sea. With large scale international projects underway in Hurghada, prices are set soar and we are advising investors to make the most of on this opportunity.
WAITING LIST QUALIFICATION
Clients must apply to purchase this deal via qualification of the strict waiting list conditions:
- Clients must have funds available.
- Must be able exchange contracts within 3 weeks.
- Must be able prove status.
TOP 10 REASONS TO INVEST IN THE HURGHADA PROJECT
- £23,000 for studios of approx. 45 sq m.
- Guaranteed buy back option of 18% in two years
- Strong rental market approximately achieving 10% on current pricing schedule.
- 150 sq m sea view apartment for £59 000; neighbouring projects asking for £80,000 for same size and quality of apartment.
- 25% deposit remainder over 12 months rather than 40% deposit.
- 35% deposit for studios.
LOCATION
- Hurghada is a highly established tourist resort with an international airport close by accepting incoming charter flights. Prices for property here are lower than Sharm El Sheikh. It is predicted that property prices will rise fast in this area.
- Hurghada has a bigger population of Sharm El Sheikh.
- 10 minutes to Hurghada downtown with big Shopping malls and famous fruit market.
- 10 minutes to El Gouna airport.
- 7 minutes to Hurghada international airport.
- Access to the fantastic diving of the Red Sea.
THE DEVELOPMENT
- Deluxe Resort with 1500sqm private beach.
- Four Star Luxurious Beach Hotel.
- 750sqm poll complex.
- 24hr security.
- Marina.
- Kids' Club.
- Restaurants.
- Cinema.
- Disco.
- Shopping.
- Spa.
- Sports, including water sports.
- All amenities in European Standard.
- The developer, an Egyptian Senator, owns 3 hotels and is a public listed company in Egypt.
THE INVESTMENT
- Completion in 24 months.
- Mortgages available 75% LTV.
- Completely safe development.
- Capital Appreciation is set at 25% per annum.
ECONOMIC STRUCTURE
- Optimism and expectations of a sharp increase in demand for holiday apartments have led to a property and construction boom the economics behind this are.
- In 2005 / 2006 financial year, the economic growth rate in Egypt rose up to 6.8%, the highest rate for 5 years.
- Egypt soon set to eclipse South Africa as Africa's leading economic nation.
- Foreign reserves at the central bank have grown by over 42% since 2005, showing confidence in the strengthening of Egyptian economy as it is at an all time high.
- Proposed causeway across the Strait of Tiran linking Egypt with NW Saudi increasing foreign trade and investment.
- Foreign Investors are regarded by the Government as a big Investment opportunity and as such they have made property laws more streamlined to simplify the purchase process.
- Egypt has seen sharp rises of worldwide tourists holidaying on the Red Sea and is now the world's 25th most visited country. 33% more Britons visited Egypt last year against an average increase in tourism of 5%.
PROPERTY MARKET
- Capital Appreciation approximately 20%
- No Capital Gain tax no VAT
- British Citizens avoid inheritance tax.
- Damac plan mega project that will cause the prices in the vicinity
to rocket.
Other developments in Egypt include the Nubia Resort project in Sharm El Sheikh.
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