Egypt price frozen for next 25 sales

Price held for the next 25 20 sales

Principal International are pleased to announce the first true hotel project in Hurgharda, completing November 2008.This excellent development provides a turnkey investment in an existing hotel, located in an established market.The returns, at 6% and 8% are genuine net returns with no maintenance or management charges.

There are no hidden charges for furnishings

The price not only includes the furnishing for the unit, but also covers any wear and tear costs while the property is under the rental scheme.

Income can then be earnt from December 2008.

Units at launch price are available for the next 25 20 sales onlyRegister your interest and receive our due diligence pack and brochure on this project.

Portugal Records the Worst Tourist Season

AHETA, the Algarve’s regional hotel and resorts association, has reported that the Algarve has seen a drop in hotel occupancy to the tune of 3% below 2007 figures. With a lack of visitors, especially from the UK, not meeting the expected bumper year figures, this summer has been one of the worst on record.

The AHETA President, Eliderico Viegas, said that the region’s tourism industry wasn’t expecting this decrease in tourist demand, adding that most hotel operators were forced to cut prices in August, but even so found themselves far below the typical August visitor numbers.

The Algarve’s many restaurants, bars and nightclubs have also been hit by the reduced number of tourists, with AHETA stating that the weak British pound and the lure of cheaper destinations such as Turkey, Egypt and the Caribbean enticed the UK holiday makers away.

UK holiday makers account for 37% of the Algarve’s summer trade.

With this news in mind, Principal International have expanded their offering of investment properties to include the areas of increasing tourist numbers, such as Turkey, Egypt and the Caribbean. Where greater returns can be seen in rental income and capital growth in the aforementioned countries.

So to take advantage of the current investment climate, contact Principal International  to discuss the many options available to you.

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.

So to be one of the first to take advantage of this amazing offer, register your interest by filling in the information request with your email and phone number and we will give you a call with more details or if you can’t wait, please give us a call on 0800 038 0000 / +44 1483 748629.

Egyptian government delights property investors

Egypt has long been a must-see holiday location, teeming with history and culture. The Great Pyramids are enough to leave even the most discerning holidaymaker awe-struck. Moreover, Egypt boasts a wealth of luxurious holiday resorts, foremost among which stands Hurgharda.

However, the bureaucratic nightmare of purchasing a property, not only in a different country, but also on a different continent altogether, has long deterred would-be investors. In fact, Egypt was once infamous for its seemingly insurmountable red tape. The current steps being taken by the Egyptian government to standardise visa application procedures will then come to the delight of every property mogul, no matter how big or small.

For example, standardisation of tourist visa applications, such that they incur a set fee ($15 US) and follow a well-defined procedure, will undoubtedly help boost visitor numbers. This will improve an already enviable tourist rental market, particularly in places such as Hurgharda where demand for good quality apartments is already rather high.

The popularity of Hurgharda is reflected in the construction of a new arrivals terminal at the centrally located Hurgharda airport, at a cost of over $150 million (US). The airport carries approximately seven and a half million passengers per year, many of whom will be looking to rent a holiday apartment or villa.

With these figures in mind, it is little wonder that investors are dying for their piece of this profitable paradise.

Principal International has looked into the investment opportunities in the Hurgharda area. There is very little public beach area Hurgharda and many of the developments that have recently been built do not have access to a beach. We are therefore delighted to offer an excellent 5* luxury beachfront resort.

For the investor there is also an option for an apart hotel lease back with personal use. Prices are due to increase shortly with the announcement of an international resort operator, we would therefore recommend that clients reserve now to avoid disappointment.

Use the link to see more details on this development of Hurghada Beach Resort

Egypt’s thriving property market

As more and more tourists head for the red sea, investment opportunities continue to grow. The Egyptian economy has experienced a remarkable turnaround in recent months and is proud to be able to offer savvy investors significant opportunities to buy low cost luxury property with an excellent rate of return. Major tourist cities are achieving as much as a 25% capital growth on buy to let property and as the demand for more accommodation increases fuelled by the growing numbers of tourists, so does the rental market flourish.

A major expansion project of the existing airport is underway to accommodate the increasing numbers of passenger traffic coming to Egypt every year, attracted by the excellent diving facilities, outstanding beaches and friendly family holiday market, tourist numbers in Egypt are expected to reach 14 million by the year 2010.
As the prices of property in Egypt are still a fraction of those we are experiencing in the UK, many investors do not need to secure mortgages to buy property here, consequently the property market is growing rapidly but prices are remaining very keen. With more and more budget airlines flying here the independent holiday and rental market will continue to thrive and so with it will grow the investment opportunities.

Ambitious plans have been announced by the Egyptian Tourist Minister Zuheir Garana to improve and develop the tourist market of the country and to increase hotel bed numbers by 240,000 in time for 2011, this target will be achieved by building up the number of attractions, committing to legislative changes which are designed to enhance the investment climate and offering incentives to private investors.

Currently there is a zero stamp duty, capital gains tax and inheritance tax for British Citizens living in the UK and if the property is left to family members.