» Frequently Asked Questions
Please check back here regularly as we will answer your general queries within this section. Alternatively please call or email us and we will do our very best to answer you directly.
11.) Question... Can you inform me of a legal firm that could help me?
11.) Answer... Please contact us for information.
12.) Question... Are mortgages available?
12.) Answer... Yes, a capital + repayment type mortgage, subject-to-status, on 60% of the purchase price is available at 7.9% flat rate for a maximum period of 10 years.
13.) Question... What is the yearly maintenance fee?
13.) Answer... The yearly maintenance fee will be GBP 500 per annum for studios, one bed professionals, and 1 bed deluxe - £600 for 2 beds – £700 for 3 beds.
14.) Question... Is there a builder’s warranty on new build, if so how long?
14.) Answer... Yes, warranties for new build are for two years.
15.) Question... What type of running costs should the client expect?
15.) Answer... Apart from the annual Real Estate Tax of EGP 500 (approx. GBP 50) and the annual maintenance fee of GBP 500+, there will be utility (water + electricity) charges substantially lower than by European comparison.
16.) Question... How much will the building + contents insurance cost?
16.) Answer... Approx GB £100 p.a.
17.) Question... What is the construction of the building?
17.) Answer... The foundation of the building is reinforced concrete. The construction is of brick.
18.) Question... What will be the orientation of the apartments?
18.) Answer... The apartments will face South-East.
19.) Question... What will be the layout of the development?
19.) Answer... There will be 12 buildings forming the whole site. On average, each building will have 5 floors each with 4 apartments per floor. Each of these buildings with 20 apartments will have a lift for their own use.
20.) Question... Will the apartments have sea views?
20.) Answer... Apartments on the third, fourth and fifth floors will have sea views.
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