Currency Fluctuations Impact On Overseas Property

It is not the credit crunch that is having an effect on property sales but the strong USD to which the EGP is tied. The GBP has lost nearly 25% against the USD/EGP since the autumn. Then with Russians being big buyers in Egypt the numbers of investors are falling as the rouble is at a 13 year low against the USD.

This has led to a two-tier pricing system coming into effect in Hurghada, according to the thread. Some developers that target predominantly the UK market are keeping their prices in GBP. Others that target the Russian market are priced in USD or EGP which now makes them very expensive versus the developments priced in GBP.

As a result some developments at the higher end of the market are really suffering. But the bargain apartments are still selling well. Anything around £15,000 just disappears fast.

Although some investors are concerned that if tourism numbers are down this will affect rental yields. But this, of course, only applies to those who are currently renting to the holiday market rather than those buying off-plan for completion next year when the global credit crunch may have eased off.
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1,2,3 and 4 bedrooms Apartments for Sale, Centre Ville, New Cairo

The connoisseurs of fine living often look back fondly on old downtown Cairo in the 1920's. Everything about life was so French. The pace, the architecture, the settings. life was unhurried, untouched by pollution and congestion and marked by quaint buildings, café boulevards and premium arcades. Launching Rivoli at Centre Ville, New Cairo, Egypt. A cluster of six blocks, each comprising of several luxury apartment buildings which are 6-storeys and feature opulent 1, 2, 3 and 4 bedroom apartments. Rivoli captures the spirit of the turn of the century French architecture with its decorative iron railings, stone cornices and tall window openings.


Lush green parks
Clubhouse
Swimming pool, sauna & massage
Gymnasium
Mosque
School
Retail
Cafes, bakeries & restaurants
Kid's play area
24-hour security and controlled entry
Multi-function indoor rooms
Ample underground parking

Investment Property For Sale

Morgan Stanley Launch in Cairo

Cairo:
Morgan Stanley, a leading global financial services firm, announced their intention of seeking regulatory approval to launch an office in Cairo, a statement from the company read. The firm also revealed the appointment of Amr Diab as Executive Director and Country Representative for the Egypt office.
As we continue to grow our business in the Middle East and North Africa, Egypt is an increasingly important market for Morgan Stanley,Dr. Georges Makhoul, Morgan Stanleys
President for the Middle East and North Africa, said in a statement released by the firm.
While we have advised the Egyptian government and private corporations for many years, we believe that this is the right time for us to establish a Morgan Stanley presence in the country,
Makhoul added. Morgan Stanley has over 600 offices in 31 countries focusinon a wide range of investment banking, securities, investment management, wealth
management and credit services.

High Retuns for Egyption Property

Egypt seems to be the next country of choice for investors who are benefiting from high returns from both rental yield and capital growth. More visitors and potential property buyers are visiting not only in the Sinai tourist areas but also in the major cities such as Cairo and Alexandria. Off plan properties are currently selling for 30% less than market value, and the tourist industry runs for 12 months of the year. Egypt offers ancient history from Alexandria to Aswan and the length of the Sinai peninsula offers a divers paradise with warm water and an abundance of coral.

Investors looking for a low risk place in which to invest their money would be wise to seriously consider Egypt. Once people realise that Egypt is more than just history and culture, the Egyptian property market will really escalate, and when that happens, investors who have bought into the property market early are certain to make a very good return on their low risk investment.

Hyde Park New Cairo Villas for Sale, Egypt
Spread across 4 million square meters, Hyde Park Egypt is the most exclusive villa development with Detached and Attached Villas nestled with a 1 million square meter landscaped park, the biggest private park in Egypt. Designed to suit multi-cultural tastes, the villa designs range from the Neo-Classical, Italian-Country to California-Spanish styles. Set atop beautiful vistas and surrounded by Egypt's natural beauty, your home will be amidst striking landscapes and beautiful water features. A gated community with several entrances, 24-hour security and controlled entry, living here is designed to give you total peace of mind and privacy.

Intelligently designed to ensure you enjoy your exclusive lifestyle, Hyde Park, Egypt offers:A garden setting with lush greenery, the main park is exclusively for the residents of Hyde Park and has garden pavilions, gazebos, comfortable benches, an amphitheatre and multi-purpose open grass field.
A pedestrian friendly neighbourhood with up to 7 kilometers of walking and jogging trails that wind throughout the park.Separate pocket parks for the exclusive use of residents living in the detached and attached villas. Equipped with shaded trees, benches, swing sets and gazebos. A Country Club and Spa for 'Members only', with lounges, specialty restaurants, cafes, cigar lounges, beauty salons, indoor swimming pools, a spa and fitness center, kid's play area as well as a banquet area.A 'Members only' Sports Center offering sporting facilities like football, volleyball, tennis, basketball, squash as well as multi-purpose activity halls to host aerobics and martial arts classes.Located in close proximity to Hyde Park, is downtown New Cairo incorporating a mix of residential, commercial and retail zones. Giving you easy access to piazzas with shaded trees, fountains, cafes, restaurants, international and local shopping outlets as well as entertainment venues.
Beautiful water-bodies and bridges surrounded by shaded trees that offer the most romantic of views.

The Hyde Park development offers a selection of the 14 possible villa types both detached and attached. A selection of floor plans are offered below for viewing and download below. Please contact us for a full list of available villas.