Due to the current Situation within the property market, have downsized the company by reducing our offices and closing the Nabq Office. Unfortunately the Nabq office has not worked the way we would have liked in the past few years and has not generated the interest required to subtain it. We will continue to run the company as before from the Hadaba Office and Naama Bay Branch as well the New Cairo office selling properties world wide through our new web site www.worldprimelocation.com

In the Nubia Developer meeting today we have been formally advised that there will be a price increase after 15 days effective on the 29^th November.  The price increase will be between 5-10% and is now currently under discussion.

In the mean time any sales from now until the 29^th November will be honoured at the current prices providing the property is reserved with a deposit. 

Instant equity available to all customers on any purchases secured by a deposit  in the next 15 days.

The best developments, architecture and interior design from across the length and breadth of Africa were celebrated at the close of a two-day Property Summit at the One & Only Royal Mirage Hotel in Dubai on Thursday, October 18th. The leading property professionals behind these outstanding projects were invited to attend the presentations of the African Property Awards in association with Yamaha and the Royal Institute of Chartered Surveyors (RICS).

Sharm El Sheikh Real Estate has been awarded

1-best Real Estate Agency Egypt.

2-Best Real Estate Agency Africa.

3-Highly commended Letting Agency Egypt.

These awards, combined with the other regional awards’ programmes for Europe, Asia Pacific, Arabia, the UK and the Americas, form the globally renowned International Property Awards. Now in their 18^th year, they are the world’s most prestigious property competition and cover residential as well as commercial categories.

Judging was carried out through a meticulous process involving a panel of over 60 experts covering every aspect of the property business. The next stage of the awards’ programme is for top scoring five-star winners of each category to be re-judged against those from the other regions to determine the ultimate World’s Best winners. These will be announced at the grand final to be held at the Grosvenor House Hotel, Park Lane, London on Friday, December 7^th.

President of the International Property Awards, Stuart Shield, says, “We are now heading towards the culmination of this year’s International Property Awards when the ultimate World’s Best winners will be revealed. It will be interesting to discover how many international accolades Africa, which has entered some very strong contenders, can achieve when competing against the rest of the globe.”

on April 2, 2012

An improving economy is contributing to a gradual rebound in home prices across the country, according to mortgage giant Freddie Mac’s 2012 Economic Outlook report, released Wednesday. But there is still a way to go in the road to recovery for the housing market, the report noted. “The housing market is showing some signs of shaking off the depression-like conditions that have plagued it for much of the past few years,” according to the report. “As if awakening from hibernation, housing starts and home sales moved to higher levels of activity.”In fact, the signs have prompted Freddie Mac to revise its forecast upwards for home sales and originations. One economic contributor that’s helping to stabilize housing: The drop in the unemployment rate to 8.3 percent, its lowest level in three years, according to the report. “A variety of encouraging indicators suggest that the housing market may be feeling a nascent recovery ... and more neighborhoods may see a stabilization in overall demand and housing values this spring,” says Frank Nothaft, Freddie Mac’s chief economist. Median home sale prices are up, despite a slight drop in new and existing home sales, Freddie Mac reports. About a half of the increase in housing starts has been for construction of rental apartments in multi-unit buildings to meet the increasing demand, the report notes. New rental construction, at its current pace, is expected to reach its highest level since 2005. “Housing starts continue to run below net household formations [and will allow for absorption of existing vacant homes],” according to the report.

01/24/2012BY: KRISTA FRANKS BROCK  Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.
The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago.Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters.However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability.Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings.Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes “the clearest sign yet of an improvement in mortgage credit conditions.”In contrast to a low of 74 percent reached in mid-2010, banks are now lending at 82 percent LTV.While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan.Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generate 

Sharm El Sheikh Real Estate is pround to release Tropican Nubia Sea Beach as an exclusive Project  5* Hotel beach front ready to move in and to enjoy all the facilities which is the first EREA (Egyptian Real Estate Association) aproved project

Reservations from 2 April 2012