Lana
» Read morePets 09 Mar 2010 22:41
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Thanks a lot for everybody who help me! I had 8 puppies! now 3 small dogs have a new homes!!1 it's very good...2 dogs somebody stealed from my garden... ;(
and 2 unlucky puppies found poison
today in the garden 1 hour ago...:? and died very fast..im no happy!
but i still have a nice puppy,female,2 monthes !!!Please, may be u want this dog? she is street dog, medium size.She need love,new home and happyness !contact with me if u want this dog!
Ahmad
» Read moreReal Estate 09 Mar 2010 23:10
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studio for rent,,sea street,,hadaba,,first line of the villa's,good furniture,second floor,1800 le,contact 010 40 44 674
Reservation Supervisor
» Read moreJob Offers 10 Mar 2010 12:01
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we are a 4* hotel in sharm El sheikh (Park Inn Resort)is Looking for Reservation Supervisor if you are interesting please send your CV with recent photo to mohamed.wahba@rezidorparkinn.com
Assistant Front Office Manager
» Read moreJob Requests 10 Mar 2010 16:07
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30 years old male with 10 years experience in 5 stars hotels in Hurghada,Sharm Elsheikh and Dubai.
looking for a Assistant Front Office Manager position in a 5 stars hotel in Sharm Elsheikh
CV available upon request.
Thank you and best regards,
yasser
» Read morePinboard 10 Mar 2010 15:39
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laptob 4sale.used only 2 months.semins fujitsu ,made in jermany.18 inches .f u r series call 0105657808
Egyptian property plunges! Recovery in 2010?
» Read moreForum 10 Mar 2010 13:28
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Hi
Found this interesting article from the web Egyptian property plunges! Recovery in 2010?
Just curious to know how it has impacted property prices in Sharm and Nabq
http://www.globalpropertyguide.com/Midd ... ce-History
The Egyptian housing market plunged in 2009, with record high construction costs exacerbating the already worsening situation.
By end-2009, house prices in the secondary market had fallen by about 37% to EGP 1.5 million (US$274,725) from EGP2.4 million (US$439,560) a year ago, according to local real estate analysts.
Many homebuyers who made down payments cancelled their orders in 2008, as the nervous atmosphere caused by the global crisis spread to Egypt. Cancellations peaked in the last quarter of 2008 and the first quarter of 2009, said local property developers. The luxury property market slowed particularly sharply.
Property companies adjusted their business models by offering apartments and smaller units, rather than houses and villas. The low-end market has a shortage of about 40,000 units per year. Dwelling prices in this market range from EGP 400,000 (US$73,260) to EGP 500,000 (US$91,575).
In 2010, the housing market is expected to show considerable improvement, with demand coming back.
Some local property markets in Egypt (e.g. some areas in Cairo, the Mediterranean Coast, and areas within the Red Sea) rose rapidly in value from 2005 to early 2008. Then from mid-2008 and during most of 2009, the housing market slowed sharply due to the global crisis. The wider Egyptian property market rose 13.7% (4.5% in real terms) in 2005, but then stagnated. House prices dropped 0.4% (-4.4% in real terms) in 2006, and fell 0.6% (-10.4%) in 2007, according to the 2008 Egypt Housing Survey conducted by Bearing Point Inc, which has a cross-Egypt sample
In the first half of 2008, house prices fell 2.7% (-12.9% in real terms) y-o-y. Though no recent survey data are available, house prices are generally believed to have dropped further in 2009, because demand from wealthy foreign buyers and holiday makers had fallen, due to the global crisis.