Want to buy a property in Egypt? Look no further

Here are just a few reasons why you should choose to work with Rivermead Global in your hunt for the perfect property in Egypt:

• Our services are free of charge, no finders fee, no commission charge etc..
• Winners of both the AIPP 2010 and 2011 Most Outstanding Customer Service Awards
• Winners of the AIPP 2011 Best Small Agent Award
• Ranked #1 out of 780 companies on the FreeIndex review website for Overseas Property – “A Highly Recommend Company”
• We visit Egypt every 6-8 weeks and take updates for all our clients, check out our YouTube Channel
• Chosen by A Place in the Sun Magazine as the Egyptian Property Experts in a 2011 feature
• Chosen by the A Place in the Sun Live Exhibition team to be on the Buying Advice Panel for Emerging Markets in both 2010 and 2011
• We are completely independent and are not obliged to sell anybodies property

So if you are looking to buy a property in Egypt then please get in touch, we would be happy to hear from you and help you with your property search in Egypt.

Summer Breeze Phase 2

These properties are located on the Summer Breeze development situated a mere 450mtrs from the sweeping promenades which run parallel with the tranquil coastline of Akbuk.

A traditional fishing village and harbour with bundles of charm and various local amenities including; Supermarkets, Butchers, Bakers and Dentist etc all within walking distance.

Example Property (2 Bedroom Apartment)

Finished to an extremely high standard with a lounge, well appointed separate kitchen, 2 generously sized bedrooms, family bathroom and a generous terrace.

On-site facilities include; Swimming Pools, Cafe & Bar Area, fitness centre and well maintained landscaped gardens.

The International Airports of Bodrum and Izmir are 60 minutes and 90 minutes transfer time respectfully.

Purchase price £53,000 (complete with 2 year guaranteed rental)

Mortgage option

Here’s an example:  Capital and interest repayment mortgage of 50 per cent LTV (£26,500), with an interest rate of 6.60 per cent and a 20-year term – monthly payments would be £199.14.

PROPERTY VALUE £53,00

Deposit                                                                                   £1,000

1st Payment       30% after 30 days                             £15,900

Final Payment   70% (minus deposit)                       £36,100

On day of signing contract

Lawyer’s Fee                                                                      £500

Military Search                                                                 £500

On day of obtaining title deeds of property

Purchase Tax     @ 3.3 %                                                £1,749

Title Deed Transfer – Translator Fee                        £50

Water Connection                                                           £320

Electric Connection                                                        £200

Stamp Duty                                                                        £60

TOTAL PURCHASE COST                                              £56,379

Yearly Fees – Approx

Maintenance Fee                                                            £400

Contents Insurance                                                       £100

Earthquake Insurance                                                  £60

Council Tax                                                                       £75

TOTAL ANNUAL COSTS                                               £635

Rental income

This property has a guaranteed annual rental income of 5% (£2,650) based upon the nett property value for two years with no maintenance fees during this period (Normally £400).

For the first two years during the summer season the owner has an allocation of 4 weeks for their own personal use.

The Real Deal

Budget to have a total of £56,379 available to you via your savings and the 50% LTV mortgage.

(£26,500 / £26,500 respectively) to take ownership of this property.

During the first two years the annual running costs (£235) + mortgage payments (£2,389) will be taken care of via the guaranteed rental income of £2,650

When looking at Villas in Egypt, it is important that you start by doing your research to ensure you buy the correct Villa for you. A quick internet search will pull up 18,000,000 results for the search term “villas in egypt”, so where should you start off?

Well you need to consider several things when looking for Villas in Egypt, including:

1. Location
2. Requirements
3. Budget
4. Additional Costs
5. The Agent

1. Location

There are several locations where you could be looking to buy a villa in Egypt, whether it be Sahl Hasheesh, El Gouna, Hurghada, Luxor etc…  so you need to know where you will be focusing your property search in order to give yourself the best chance of finding the villa of your dreams. If you are seriously considering buying a Villa in Egypt then I would presume that you have visited the country, ideally several times, been to several different places in Egypt and your head and heart have settled on a location where you really wish to be investing your money. Afterall, buying abroad is a very big decision and purchasing a villa in egypt should not be rushed. Take your time, do your research… you will reap the rewards with your dream villa in the end.

So yes, the first thing you need to look at is the Location. As the property saying goes, its all about location, location, location. So if nothing else, it is a great excuse to go and top up on that sun tan just a little bit more before you make the plunge into buying the villa.

2. Requirements

So now you should know what area in Egypt you a buying a villa. Now you need to look at your requirements. Do you have a large family and are looking for a 4 or 5 bedroom Villa? Are you buying a villa in Egypt as an investment and want the best rental returns – then you need to know what rents out best – again, do your research. Will you need your villa to have parking spaces? Are you looking for a detached or semi detached? Do you need a private pool or garden. Are you looking for a Villa that comes with full rental and property management or not?

The requirements stage is where you really start to form a picture in your mind about what your ideal villa in egypt will consist of. Make a list of things that the villa – Must Have – Ideally have – Can’t haves. So for example your list could look something like this:

Must Have                                                Ideally                                               Can’t Have/be

3 bedrooms                                              4 bedrooms                                      Off Plan

Pool                                                            Parking                                               On a large complex

En-Suite Master bedroom                    Beach Front

Furnished

3. Budget

By now you should know where you want to buy your villa and what you are hoping to buy… the next thing to look at is just how much you are looking at spending. There is a common misconception that properties in Egypt can be picked up at next to nothing, and although it is true you can get some excellent properties that are value for money, you need to be realistic. 1. With what you can afford to spend AND 2. What you should be spending. If you are searching the internet and find a Villa for sale 4bedrooms, private pool, en-suite bathroom, on a complex, beachfront that can be picked up for the amazing price of just £50,000 then alarm bells should be ringing in your head and all the horror stories you have heard about buying abroad should hopefully stop you from making the same mistakes. Do your research, take your time… if it sounds too good to be true, then chances are, it is.

Now on the other hand, if that same villa is being offered at lets say £400,000 then you are probably on the right track, but still do your research. Whats’s that I hear you say? “£400,000 for a villa in Egypt? But I thought Egypt was cheap!!?” – Well imagine buying a Villa in Spain 4bedrooms, private pool, en-suite bathroom, on a complex, beachfront you are looking at well over £2,000,000 – So now £400,000 is sounding more like a bargain and certainly value for money when you consider it is a truely year round season and tourism levels are increasing and the country as a whole set to see major improvements and capital growth on the villa, where you could argue Spain has seen all of this already and any potential returns of capital increase will be minimul if any and the market is a crowded.

So if you do have a budget of £50,000 and are looking for this dream home beach front villa then it may be worth looking elsewhere, or maybe focus on getting a beach front apartment in Egypt instead of a villa? There is real value to be had when buying property in Egypt, but make sure that what you are buying is real value and not a nightmare waiting to happen. Do your research, beyond just google.

4. Additional Costs

As with every property purchase, when buying your villa in Egypt you need to consider additional costs and include these when buying considering your budget, here is a quick list of additional costs you might face:

• Solicitor fees – You are going to want to use an independant solicitor when buyinh your villa in Egypt. Costs will vary depending on who you choose, but ideally you need to be looking at a repuatable law firm, that specialises in Egyptian Property Law and if possible comes under your own countries law society. No doubt you will be offered the services of a local Egyptian solcitor who may charge less than half of other quotes, but when buying a property in Egypt, money spent on the best solicitor really is worth paying.
• Maintence Fees – These can be charged monthly or yearly and again, depending on where you buy your Villa, the charges will vary considerably. Make sure you know what you are paying for, what comes under the agreement, check with owners on the complex or in Villas by the same developers and check if they are happy with the service. You don’t want something that will not maintained if you are paying for it.
• Registration Fee – To have the Villa placed in your own name you are looking at the costs involved being a percentage of the property price (around 2-3%) and also legal fees involed. It is worth consulting with your solicitor with regards to the full process so you don’t go into your purchase uninformed.

• Furnishing your Egyptian property – If your villa comes furnished then this might not be a consideration, unless of course the style of the furniture is not to taste. Depending on the size of the Villa and the quality and amount of furniture you are looking for, the price can dramatically change. Have a look around at different furniture options to give you an idea of what you will be paying. Rivermead Global have our own furniture side of our business and if you do wish to furnish a Villa in Egypt with us, then let us know you read this blog and Quote VILLAPACKTEN to receive a 10% on a full furniture package.

5. The Agent

The final thing to consider is the agent that you choose to buy your Villa through…. Now before you roll your eyes and the words “here comes the sales pitch” even enter your mind then let me assure you this is not what is going to happen. Yes, Rivermead Global are an Agent. Yes, we do sell Villas in Egypt. Yes, we do believe we are very good at what we do, the best in fact. BUT… there are a lot of very repuatable agents out there that would be able to assist you in your search for a Villa and as a company, we specialise in the areas of Hurghada, Sahl Hasheesh and El Gouna when it comes to property in Egypt, so if you none of these locations came are on your radar after point 1. “Location” – Then we are not the agent for you, and that is fine. You still need to make sure that you choose the right agent however.

To do this, firstly, it is important to listen in great detail to the agent, read the information they send you about the properties and themselves, and here is the vital part… BELIEVE NONE OF IT!! Thats right, nothing at all. All agents, good or bad, will want to assist you in your purchase and they will of course either tell you the whole truth about themselves, their services and the property in question (Good Agent) or they can tell you a vague representation of the truth (bad agent). So listen to everything they say, but then do your own research. Join property forums, read testimonials, contact previosu buyers (ask the agent, they should have buyers who are happy to give real reviews), do your research both on and offline.

Again, finding the correct agent to work with is vital in the process, you want somebody independant that will be working with your best interests at heart and not one that just considers a quick sale and commission as priortity. Take your time with this, as they will be a real asset to your when searching for a property and will be able to point you in the right direction with regards, properties, solicitor, currency companies, rental companies, viewing trips, furniture… basically everything you need to know regarding your purchase. Provided the best service, pre, during and of course after the sale.

Thank you for taking the time to read this blog post, if you have any questions then please leave a comment or drop us an email, just visit the contact us page.

Rivermead Global, as you probably already know, specialise in providing the best quality furniture in Egypt. So if you are looking at furnishing your Egyptian property then please check out www.rivermeadglobalfurniture.co.uk, you can even like our furniture in Egypt facebook page and keep updated with all our special offers and discounts.

Here are a few photographs of some of the apartments we have furnished in Egypt. Just click an image to open up the gallery mode and you can scroll through the images.

Tiba Towers 1 was the original and first completed Tiba Development, this is located just off Sheraton Road in Old Town Hurghada. However the more recent of the Tiba Developments that are being built, some already complete, are in the Al Ahyaa region of Hurghada. Currently compared to central Hurghada, Al Ahyaa is less developed. However there are already lots of things that point towards Al Ahyaa being a great place to be investing your money to see very strong returns over the next 5 years. There is a large shopping mall currently under construction that will house not only a large supermarket, but also small boutiques and many restaurants and food/drink areas. The infrastructure is being improved and many developments, such as the Tiba ones and Royal Beach due completion within 12-16months. As Al Ayhaa becomes the bridge between central Hurghada and El Gouna, capital growth and rental potential are both set to grow a great deal. There is a public beach just 5-7 minutes walk away from the Tiba developments.

Finish of the Tiba Developments

I have attached a few photographs of Tiba Towers 2 from when Rivermead Global where there in June (2 months before completion), though I think you need to see it in person to really appreciate the quality. You get UPVC windows, patio doors with mossie nets, all light fittings included, tiled bathroom and kitchen area, quality ceramic floor tiles and very good quality front and internal doors and wood work. There is also a communal roof terrace for residents to use. Have a look at the YouTube video we took in June (2 months before Tiba Towers 2 was complete) This will give you some indication of the quality of finish you can expect from the Tiba developments

Completion Dates of the Tiba Developments

There are several Tiba Developments currently under construction and others complete. Here is the current list of the developments and also the completion dates of each. However, as the Tiba projects are being put up quickly, already completion dates are being brought forward. For example, Tiba Heights is now looking at a December 2011 completion date.

Tiba Star – December 2012
Tiba Gardens – September 2012
Tiba Palace – June 2012
Tiba Heights – February 2012
Tiba Towers Two – Complete
Tiba Towers One – Complete

LATEST RELEASE – TIBA PARADISE – APRIL 2013

With prices starting from well under £10,000 for a studio in the Tiba Developments, it is no wonder they are selling so quickly. If you would like more information then please leave a comment or contact us by emailing info@rivermeadglobal.com or by calling 0161 652 5563

Rivermead Global are offering 5% discount on all furniture orders placed at the show and giving away a minimum £100 cash back on property purchases from the show. Our stand gets busy, especially on the Saturday and Sunday, so if you want to book a time to sit down with one of our team then just get in contact and we will make sure one of us is free to speak – 0161 652 5563

Click here to view the embedded video.

Free Tickets for A Place in the Sun LIVE

As an exhibitor we have unlimited FREE tickets to give away (worth £12 each on the door). Simply click here to complete your details and hit ‘Produce Eticket’, then print the ticket that appears in a pop-up window. Each ticket is valid for one person only, but you can complete the form as many times as you like giving new details for each person – simply return to this page and follow the link again.

If you experience any problems, please give us a call on 0161 652 5563 or email us on info@rivermeadglobal.com and we’ll be happy to post some printed tickets to you instead.

A Place in the Sun Live is the official exhibition of the hit A Place in the Sun television programme so is the place to visit if you are looking to buy a property overseas. Come down to stand C36 to meet us face-to-face and find out more about the properties we have for sale. As well as finding the property of your dreams, there is a packed schedule of free-to-attend seminar sessions from experts across the industry giving you all the information you need to make the most from your overseas property purchase and understand fully the tax and legal procedures involved.

Rivermead Global were asked by the A Place in the Sun team during their most recent exhibition to be on the Buying advice panel for Turkey and also the emerging markets where we discussed Egypt. Here is a a brief clip of the buying panel where Amanda of Rivermead Global explains why buying a property in Turkey is so affordable.

Click here to view the embedded video.

If you are looking at buying a property in Turkey and would like discuss this further then please get in contact on 0161 652 5563

Rivermead Global Property will once again be exhibiting at A Place in the Sun Live, the UK’s biggest overseas property exhibition which takes place at NEC Birmingham on 30^th September to 2^nd October 2011. On our stand, C36, we will be promoting a wide range of properties in Egypt and Turkey as well as showcasing a selection of the furniture we can supply to furnish your Egyptian property. Check out Rivermead Global Furniture for more information on our furniture.

Free Tickets for A Place in the Sun LIVE

As an exhibitor we have unlimited FREE tickets to give away (worth £12 each on the door). Simply click here to complete your details and hit ‘Produce Eticket’, then print the ticket that appears in a pop-up window. Each ticket is valid for one person only, but you can complete the form as many times as you like giving new details for each person – simply return to this page and follow the link again.

If you experience any problems, please give us a call on 0161 652 5563 or email us on info@rivermeadglobal.com and we’ll be happy to post some printed tickets to you instead.

A Place in the Sun Live is the official exhibition of the hit A Place in the Sun television programme so is the place to visit if you are looking to buy a property overseas. Come down to stand C36 to meet us face-to-face and find out more about the properties we have for sale. As well as finding the property of your dreams, there is a packed schedule of free-to-attend seminar sessions from experts across the industry giving you all the information you need to make the most from your overseas property purchase and understand fully the tax and legal procedures involved.

Rivermead Global Property will once again be exhibiting at A Place in the Sun Live, the UK’s biggest overseas property exhibition which takes place at NEC Birmingham on 30th September to 2nd October 2011.

A Place in the Sun Live is the official exhibition of the hit A Place in the Sun television programme so is the place to visit if you are looking to buy a property overseas. It’s a great opportunity to meet us face-to-face and find out more about the properties and furniture we have for sale. As well as finding the property of your dreams, there is a packed schedule of free-to-attend seminar sessions from experts across the industry giving you all the information you need to make the most from your overseas property purchase and understand fully the tax and legal procedures involved. Rivermead Global may very well be appearing as the experts on some of these panels like at the last A Place in the Sun Live and we will keep people posted in upcoming blogs and newsletters.

Free tickets for A Place in the Sun Live

As an exhibitor we have unlimited FREE tickets to give away (worth £12 each on the door). Simply click here to complete your details and hit ‘Produce E-ticket’, then print the ticket that appears in a pop-up window.

Each ticket is valid for one person only, but you can complete the form as many times as you like giving new details for each person – simply return to this page and follow the link again.

If you experience any problems, please give us a call on 0161 652 5563 or email us on info@rivermeadglobal.com and we’ll be happy to post some printed tickets to you instead.

On our stand C36 we will be promoting a wide range of properties in Egypt and Turkey as well as having examples of the different ranges of furniture we have available for furnishing your property in Egypt.

We will have special offers on for the A Place in the Sun Live Exhibition, so please keep checkin back to our blog for all the news.