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Overseas Real Estate Blog. News and Comment

Thursday, August 7, 2008

Khamsin Beach Hurghada

Khamsin Beach, Hurghada is a brand new pre launch beach front line development in Hurghada.

With beach front a scarce and expensive resource I believe that Khamsin Beach represents excellent value for money with prices ranging from £469 per m2 to £825 per m2.

In pre launch phase many units in this pre launch come with free air conditioning and free furniture.

Direct sea views from £719 per m2 up to £825 per m2 which is excellent value for the Hurghada front line location.

Pre Launch One bedroom 55m2 NET area and 60.5m2 GROSS gives pre launch price of £26,023 (£430.13 perm2). This include free air conditioning and furniture - a discount worth between 10% to 15%.

Under market value for the area with direct sea views from £719 per m2 up to £825 per m2 for Hurghada front line location.

£500 reservation. Refundable up until 21 days after receipt of contract.

Escrow account established for buyers.

First payment 40% (less reservation fee).

Project completes May 2011.

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