Property Sales – Sharm el Sheikh
The purchase of property in Sharm el Sheikh has grown into a major enterprise. Many Europeans are coming to Sharm to buy a holiday home in the sun. This is mainly because of the cheap prices compared to Europe and also the property market in the Red Sea area is very buoyant giving rise to large profits to be made. Please remember to use the same amount of caution in buying property that you would at home. Make sure you understand all the costs and have legal advise concerning all the paperwork
There are a whole range of properties available, from 2 bedroom apartment, usually in small blocks of 2 storey, each block having between 4 and 8 apartments.
Up to 5-6 bedroom villas, with views over the sea
The paperwork for purchasing property is VERY important. Make sure that you understand all the documents required.
Currently property is being sold on a 99 year lease. I am no expert, so get things checked out professionally.