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Property for sale information

 
Apartment for sale  
Reference nr: VP992383
Description:

Appartment on the ground floor in three story house for €40,000. Only 5 minutes walk to Hurghadas center, another 5 to the beach. Appartment has 2 bedrooms, kitchen, dining room and toilet. We could also take care of the rent of your appartment, and would arganize a residential visa.

Apartments in Egypt is a special area of interest, they can be built, bought already built and finished to your purpose,

Apartments in Hurgada are usually built in three to five storey blocks,

Depending on location, ground floor is being used as commercial outlet and can be very well rented and later sold.

Having a piece of land in a city location, buildings can be started after just finding local tradesman or shopkeeper and agreeing the terms with him. Then deposit can be collected and the building started. After a ground floor is complete the rest of the building can be completed just from rents. Apartments can be then sold unfinished or finished, that depends on demand. Ready apartments are also available. After purchase they can be finished in two to three weeks time, can be rented then.

We can arrange it all for you.

Rent in Egypt depends on who is your tenant:

Local people would pay €100-€200 euro a month for apartment costing about €30k-€35k. Rent for the tourists could be about the same amount a week, having in mind that it could be vacant for few weeks a year. Even thought Sun is always there in Egypt. It is always season there

Our local agent will be able to take care of your property.

Bedrooms: Bathrooms: Price (€):
2 1 40,000
Features:
Beach
City
Submission Date:
11-02-2008
Last Update:
12-10-2008
Advertiser Details:


Name:
Valdas Pranskevicius

Company:
High and Low Estates

Phone:
+353860657494
Fax:

Mobile:
+353860657494

 
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Calculators

 
Property price: €40,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations