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My point is that the Residential Authority needs to communicate with the overseas market professionals before they repeat the same errors. We tried to create an international body some years back.

This Residential Tourism Development Association appointed only Egyptians to its board of directors. Then it was tried again and reformed as the Egyptian Residential Tourism Development Authority. They again only had Egyptians as directors with the Chairman clearly using the platform to promote and not regulate with reforms. If they keep repeating the same rubbish then you and others are wasting your effort. Nothing will change and investors (apart from Arab states) will stay away. You may be correct, but the rules are too grey for anyone to believe are legal. My point is that the Residential Authority needs to communicate with the overseas market professionals before they repeat the same errors. We tried direct payday loans for bad credit direct lenders no fees payday loan lenders no third party to create an international body some years back. This Residential Tourism Development Association appointed only Egyptians to its board of directors. Then it was tried again and reformed as the Egyptian Residential Tourism Development Authority. They again only had Egyptians as directors with the Chairman clearly using the platform to promote and not regulate with reforms. If they keep repeating the same rubbish then you and others are wasting your effort. Nothing will change and investors (apart from Arab states) will stay away. The market will recover as there will always be people who will want property in the sunshine which is a relatively short distance from home.

The problem is that, apart from the very few more reliable Developers that we know, there is still the potential for new ones to enter the market with the same inherent risks as before. Safeguards payday loans for bad credit direct lenders no fees must eventually be written in to law so we must get officialdom to comment through the forum, if only to help them realise the extent of the problem and the opportunity to boost the residential tourism industry by putting things right. Then we come to the legal system most of us have experienced the apathy and outright criminal behaviour of many in the Egyptian legal system. Getting a fair deal for buyers entering the market and a legal system which protects buyers rather than exploiting them is the only way we will ever bring sanity into the Egyptian property market. It is true that only one person can register a particular property in the courts but anyone with a POA from a Developer has the right to register which best place to get a loan is how many cowboy Developers have managed to sell the same property to more than one buyer.

This practice must be stopped if we want confidence returned to the market. All too often installment loans texas Peter the authorities have created a platform for international bodies to share opinions, explain the state of the market and offer support, only for these conferences and seminars to be hijacked by marketers with ulterior agendas. Projects are either halted mid-way by legal issues or bought out by family speculators once progress is made. Very few units make the final ownership registrations. The mind-set is clear, Egypt is out to benefit its own nationals while foreign investment as current polls suggest will never feel secure. Finally, no such protective body exists that can help with reform.

AIPP are renowned to be sales orientated and a clique taking monies for membership purely to promote and not protect. All too often Peter the authorities have created a platform for international bodies to share opinions, explain the state of the market and offer support, only for these conferences and seminars to be hijacked by marketers with ulterior agendas. Projects are either halted mid-way by legal issues or bought out by family speculators once progress is made.

Very few units make the final ownership registrations. The mind-set is clear, Egypt is out to benefit its own nationals while foreign investment as current polls suggest will never feel secure. Finally, no such protective body exists that can help with reform. AIPP are renowned to be sales orientated and a clique taking monies for membership purely to promote and not protect. We have some good Developers who in the main do exactly what they say on the box and until things change we will continue to support the good guys until the government introduce legislation to give us and our clients more confidence. Even now, an elected President is still part of what is called the Deep State which no doubt will resemble the old NDP regime in manner same day online payday loans and corruption BECAUSE there is no body of opposition or even a collective that can challenge the existing rules of engagement.

Rules designed by Mubarak best short term loan and Aziz who are now in jail pending sentencing. Of course that could change direct online loans now and release would make the farce go full circle.

How much longer are the authorities going to carry on without our funds? Unfortunately Safe was stolen and I need to get a copy. I do not which court this document came from ( it took about 20 months to complete).

I need to sell this property and am really struggling to find the court. I saw in March 2008 - just 2 short months after reserving on regency beach that something was terribly wrong with the whole thing - how come it took you two years?

It was too late by then for most It is not the agents who apply for planning permission that has to be done by the Developer and there are many issues which can delay the process. PHW submitted several changes to the design and each time payday loans for bad credit direct lenders no fees that happens more fees have to be paid to the government and the application process starts all over again. Once EgyFrance took the project back from PHW they continued the application process and eventually got the licence in early 2009. Since then it has been plain sailing and construction is now up to third floor.

I do understand your reluctance to take the plunge after all of the disaster stories we have seen but unfortunately this is the nature of property investing, no investment is ever without risk. The greater the potential return, the higher the risk. INSIST on immediate Signature Validation after completion or, better still registration through the Notary (costs a little more but more secure and no restrictions as to numbers of properties which can be owned or when you can sell them) We at EI never sold Royal Beach in the past because it was being marketed by PHW and there was no way we were going to get involved in anything that they were selling. The reason we decided not to market anything by PHW is that they would not supply us with Due Diligence on the project. We have recently signed an agreement to market Royal Beach as it is being marketed now by a reputable UK based master agency. We have had one sale go through already and it was very easy with all the paperwork requested being promtly released to our clients payday loans for bad credit direct lenders no fees lawyer. If your agent, or developer cannot supply you with due diligence do not send any money to the developer.

Do not be duped by get in early discounts or pre-release offers. We at EI never sold Royal Beach in the past because it was being marketed by PHW and there was no way we were going to get involved in anything that they were selling. The reason we decided not to market anything by PHW is that they would not supply us with Due Diligence on the project. We have recently signed an agreement to market Royal Beach as it is being marketed now by a reputable UK based master agency. We have had one sale go through already and it was very easy with all the paperwork requested being promtly released to our clients lawyer.

If your agent, or developer cannot supply you with due diligence do not send any money to the developer. Do personal loans monthly payments not be duped by get in early discounts or pre-release offers. It is how these mistakes have been dealt with that set people apart, there have been many people quiet on here while all these mistakes have been ongoing.


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I want to say a lot more but better bite my tongue. You could charge members a yearly fee which through my experience would pay them back many, many times through not being fleeced by shady characters. We cannot be held responsible for the short comings of the lawyer involved - who is in no way connected with our company - and payday loans for bad credit direct lenders no fees we gave you some time ago the contact details for the Law Society should you wish to pursue a formal complaint. Afternoon all, I am looking at buying a property at Royal Beach for investment purposes only. Please may I have some advise on whether it is worth investing in this property and if I am getting a good price for a property on the 1st floor of block A. I have been informed that it will have unrestricted pool and sea views.

I have seen several other properties in the region like Royal Palm. How do you compare Royal beach to the other developments and do you think this is a sound medium term investment? Royal Beach is already under construction and the price you have been quoted is good compared with other front line beach properties. Palme Royale will start construct next month and you should compare prices to see which offers the best deal. Both are good projects but you need to compare all points on a like for like basis. This validates my argument about buying into a beach resort complex and not the tenement type projects causing so much concern these days.

Most of the developments ive seen have gone ok upto this stage of the build....

Or as the egyptians like to call it over costs Most of the developments ive seen have gone ok upto this stage of the build.... Or as the egyptians like to call it over costs Hi Derek, yes you are right however if buyers do their homework and research they should start to find out which ones these are. Matched with good sales this is a good development however, it is more expensive than others so people go and buy the cheap one payday loans for bad credit direct lenders no fees which they end up finding out why it is cheap. Hi Lysos, I think we have had this conversation before. Hi Lysos, I think we have had this conversation before. If yes, has the construction for it started or when its going to start? This is one of those projects you asked me which developments are worthy of our clients?

And of course, more importantly EGY France can actually finance all the building work, unlike your beloved El Riad projects, which are those you quote unlike many other projects which are standing still.