Apartments for Sale - West Side Village, Hurgada, Egypt Interest Free Payments

West Side Village is a gated community of over 686 apartments in one of the world's fast growing property locations - Hurghada.

Just released Phase 2 at Phase 1 prices - these prices will increase in the coming months. A 44.37 sq metre studio from just £25,948

Prices for studio, one and two bedroom apartments range from £25,948 to £87,484 with a 10% deposit, a 30% payment on exchange at 28 days and the balance by INTEREST FREE payments.

West Side Village apartment quality

West Side Village is being constructed to a SuperLuxe finish (highest european quality). Interior design is cool and contemporary. High specification finishes are available with the following:

    * Marble and ceramic flooring throughout
    * Choice of ceramic tiling in kitchen and bathroom
    * Contemporary style bathroom
    * Pre-installation of all digital services
    * Private terraces and solarium
    * Private gated community with parking
    * Choose from a range of contemporary furniture packages

Click on image to enlarge

Example Payment Plan

1 Bedroom deluxe apartment - £39,863

Initial equity invested 40% and completion December 2010


Outlay
10% Reservation Deposit £ 3,986
30% Contract Deposit £11,959
Legal fees £ 1,000
Total Initial Outlay £16,945


Finance
0% Interest Free 0%
24 months @ £996.58 per month £23,918
Total Paid £40,863

  • Value on completion £65,907* Profit - £25,044
  • Value after 3 years £83,703* Profit - £42,840
  • Value after 5 years £135,004* Profit - £94,141

Pre-launch prices increased by 30 to 35% since spring of 2008

 

* Developers valuation of projected capital growth based on historical data

 

In Egypt there is No Capital Gains or Inheritance tax.

West Side Village in the Heart of the Red Sea Riviera

West Side Village is set in 44,793.87 square metres of tropical landscaped gardens with rose gardens,palm trees and tropical plants, but we are only building on 33% of the land! Within the development there are 3 heated swimming pools, tennis courts, a health & beauty spa centre, shops, restaurants and bars - and parking. Penthouse apartments have the benefit of a private roof terrace with panoramic views over the beautiful Red Sea Riviera .

The award winning West Side Village brings together a blend of modern and traditional elements to create a community with an eclectic and sophisticated international flavour.

West Side Village not only offers a dream vacation setting but also a wonderful place to live all year long.

An Introduction to Hurghada

Hurghada, was at one time just a quiet simple fishing village. But now, with its crystal turquoise clear waters, tropical reefs and a multitude of shipwrecks, it has become a leading location within the Egypt tourist industry

The economic growth within Hurghada has been immense over recent years signalling a great sign for investment opportunities for investors people looking for lifestyle purchases. The Egyptian government has also brought in legislations making it easier and more attractive for foreigners to invest in the country. As a result both Capital Gains Tax and Inheritance Tax have been abolished.

The city of Hurghada was founded in the early 20th century and since the 1980s has been continually enlarged by American, European and Arab investors to become the leading seashore resort on the Red Sea. Holiday villages and first-class hotels provide excellent aquatic sport facilities for sailboarders, yachtsmen, scuba divers and snorklers. Hurghada stretches approximately 40 km along the seashore. The Red Sea coast is serviced by Hurghada International Airport of which West Side Village lays just minutes away.

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