S
samui13
New Member
Contratulations, glad you got first choice - cant be bad
realestatemart
Banned
congratulation for your purchase
L
Lsab
New Member
Congratulations
It looks as though many of you are getting your first choice or near to it. Well done. P
P Greenwood
New Member
Thanks everyone. Good luck to those still waiting.
I hope that when our units are ready that there will be plenty of the resort features active. We will be contractually due to exchange in 18 months from payment. That takes us to the end of 2009. The resort isnt due to be finished until the end of 2010.
I hope they at least put the dive centre in early!!!
Either way we are very happy and looking forward to watching the progress.
I hope that when our units are ready that there will be plenty of the resort features active. We will be contractually due to exchange in 18 months from payment. That takes us to the end of 2009. The resort isnt due to be finished until the end of 2010.
I hope they at least put the dive centre in early!!!
Either way we are very happy and looking forward to watching the progress.
O
optom39
New Member
Hi I have just joined this forum and not really sure what I am doing! I have my phone call tomorrow about which appartment to choose. No one seems to have shown interest in the garden appartments - is there any reason for this?!
L
Lsab
New Member
Hi optom39,
Welcome to the forum. If you need any help finding your way around the forum just ask one of the moderators. There's always one of us around
Welcome to the forum. If you need any help finding your way around the forum just ask one of the moderators. There's always one of us around
K
kc67
New Member
Hi Paul,
Those suites overlooking the main pool are in a lovely position - I also had a couple of those on my shortlist of preferred suites!
Hi Optom39 and welcome. I think it is just down to personal preference - no good reason that I know of not to choose a garden apt. Fingers crossed for tomorrow. There are a few others waiting for their phone calls tomorrow also, so good luck to all - let us know how you get on.
T
ted_007
New Member
garden apartments
Hi Optom39
I think garden ones are great! u've got the garden with BBQ. Kids can play there while u r watching telly. Its all there at the door step of ur apartment and u have a separate entrance. first and second floors will be getting in through the end of block staircase.
I think garden apartments r great.
why not so popular........... hmmmmmmmm... I think, most of us we are a bit concerned about security. for no reason - resorts in Egypt r safe.
Hi Optom39
I think garden ones are great! u've got the garden with BBQ. Kids can play there while u r watching telly. Its all there at the door step of ur apartment and u have a separate entrance. first and second floors will be getting in through the end of block staircase.
I think garden apartments r great.
why not so popular........... hmmmmmmmm... I think, most of us we are a bit concerned about security. for no reason - resorts in Egypt r safe.
C
chriscross34
New Member
hi optom39, welcome, i joined recently too. I fancied a garden appt but couldn't really afford the extra 10,000 euro, though admitedly at reservation stage we were not given much information regarding financing the appartment. The only other reason why i thought against a Garden appartment is I wasn't sure whether there would be an enhanced maintenance cost. On the positive side, imagine being able to invite family and friends into your own private garden having your own private parties or just a sunbathe.
Don't be put off, I think they will be great honestly! Chris
On a related point, I am not getting my call till tomorrow but am almost considering getting one of their mortgages as the rental guarantee will cover most of the mortgage and I am spreading the risk of advancing most of the purchase costs.
Is anyone else considering the developers mortgage? I know 10% is expensive but its based on approx 60% of the purchase cost. Stark enterprises have told me that the mortgage cost will be deducted from the rental and I will have to meet any shortfall.
The mortgage is payable 12 months from reservation and not at after completion as i had thought. In effect, year 1 will be total negative cash flow with some rental in Year 2. on a 24,000 euro loan less the rental over 6 years, assuming 14% return in Year 6, I've worked out that the additional cost is about 7,000 euros, which isnt bad for a furnished 2 bed roomed appartment in a 5 star resort
The downside to the mortgage is that only certain appartments are available for mortgage, these include those that face the opp direction of the pool in block 1,2,3 of Building E and those that face the mall in block 6, Building F and block 7 Building G
Chris
Don't be put off, I think they will be great honestly! Chris
On a related point, I am not getting my call till tomorrow but am almost considering getting one of their mortgages as the rental guarantee will cover most of the mortgage and I am spreading the risk of advancing most of the purchase costs.
Is anyone else considering the developers mortgage? I know 10% is expensive but its based on approx 60% of the purchase cost. Stark enterprises have told me that the mortgage cost will be deducted from the rental and I will have to meet any shortfall.
The mortgage is payable 12 months from reservation and not at after completion as i had thought. In effect, year 1 will be total negative cash flow with some rental in Year 2. on a 24,000 euro loan less the rental over 6 years, assuming 14% return in Year 6, I've worked out that the additional cost is about 7,000 euros, which isnt bad for a furnished 2 bed roomed appartment in a 5 star resort
The downside to the mortgage is that only certain appartments are available for mortgage, these include those that face the opp direction of the pool in block 1,2,3 of Building E and those that face the mall in block 6, Building F and block 7 Building G
Chris
O
optom39
New Member
Thanks for prompt replies! Feel more positive about choices now, although the list of 5 changes on a daily basis!!
S
samui13
New Member
Garden Apartments
Nothing wrong with them at all.
Simply a matter of cost for us and we didnt have the extra 10000 euros otherwise my name would have been on that list! This is good news for you, you may get your first choice.
Lou
Nothing wrong with them at all.
Simply a matter of cost for us and we didnt have the extra 10000 euros otherwise my name would have been on that list! This is good news for you, you may get your first choice.
Lou
K
kitty
New Member
late calls
anyone had late call or didnt recieve call at all still waiting 7 mins late
anyone had late call or didnt recieve call at all still waiting 7 mins late
K
kitty
New Member
bought penthouse facing pool
all is well now, good luck to all still waiting bloody phone lines
bomber
all is well now, good luck to all still waiting bloody phone lines
bomber
L
Lsab
New Member
Congratulations Bombers!
K
kc67
New Member
Congratulations on your purchase bombers. Did you also get one of your top 5?
S
samui13
New Member
Bombers
What number are you in??? Bet that 7 minutes felt like a lifetime. I was twitching after 5!!!!
Phew its a relief to just not think about it for a while now.
What number are you in??? Bet that 7 minutes felt like a lifetime. I was twitching after 5!!!!
Phew its a relief to just not think about it for a while now.
C
chriscross34
New Member
You swine!!! lol, received my phone call late at 4.28pm, how precise is that?
Got a reasonable appt in Block 1, decided to opt for the mortgage rather than the staged payment option. The mortgage payments of 5510 per annum are actually less in real terms as the value of funds (net present value) can be ofset against inflation, so am quite pleased to be able to spread the cost leaving me to potentially finance a possible studio elsewhere.
I wonder how long the developer is making phone calls for?
Well done to everyone. I'm sure if the information we've been sent is anything to go by, this will be a lovely resort.
Got a reasonable appt in Block 1, decided to opt for the mortgage rather than the staged payment option. The mortgage payments of 5510 per annum are actually less in real terms as the value of funds (net present value) can be ofset against inflation, so am quite pleased to be able to spread the cost leaving me to potentially finance a possible studio elsewhere.
I wonder how long the developer is making phone calls for?
Well done to everyone. I'm sure if the information we've been sent is anything to go by, this will be a lovely resort.
K
kc67
New Member
Congratulations on your purchase Chris. Were are you thinking of buying a studio in Marsa Alam as well, or going elsewhere, like Hurghada or Sharm?
O
optom39
New Member
Its been a stressful day!! Phone call now over (bang on time) and garden appartment in block 5 decided on. The relief....!
H
Home Buy Overseas
Banned
well done on your purchase chriscross
long may you prosper and and enjoy the fruits of your labour!!
