Invest in Egypt?
One of the destinations in my should visit list is Egypt. I am quite fascinated with its amazing history. I believe, many people share the same fascination with me too.
For those who are lucky enough to be able to afford to invest in Egypt may do so because they are currently refurbishing 2 hotels there for egypt property investment project. Cool!
The hotels discussed is the Hurghada Hotel and the Ain El Sukna Hotel.
Here is a copy of a press release taken from principalinternational.co.uk.
Refurbished Egypt Hotel Rooms For Sale, Pre-Launch
Five Year 10% Rental Guarantee
Cash Input From Less Than £6000
ROI In Just 3 Months
We are delighted to announce an exclusive invitation to take advantage of the prelaunch for two exciting hotel projects in Egypt.
These are existing Egyptian hotels that are currently being refurbished, with the first re-opening in October. So if you invest in August you will be seeing a return this October!
So what’s on offer you may ask?
Well, both hotels come with a renewable rental guarantee of 10% for 5 years and finance is available at 75% LTV.
These projects are so new that they haven’t been formally released yet - we are the only agents selling them - but the developer has authorised us to take fully refundable £1000 reservation deposits from investors who wish to take immediate advantage.
We are advised that rooms will be allocated on a first come first served basis.
CASH INPUT FROM LESS THAN £9000
The first project is a beachfront hotel in central Hurgharda with rooms costing circa £35,000. Hurgharda is an excellent well established resort on the Red Sea Riviera and this project is a short distance from the airport.
CASH INPUT FROM LESS THAN £6000
The second project is in Ain El Sukna which is about an hour from Cairo and is popular with the domestic tourist market as it is really the first beach resort for the Cairo residents. The price point for rooms in this project is circa £23,000.
Sure would be exciting to own a piece of property in Egypt.
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- Posted in Cool finds on August 26th, 2008










