“US President Barack Obama’s speech in Cairo today along with massive infrastructure investment is set to put the spotlight on Egypt where the real estate market will benefit, it is claimed.” – Source: Property Wire

Egypt has maintained a relatively strong property market throughout the global recession and received a further boost in June when Barack Obama made a keynote speech there which highlighted the area to the world and may even push Americans to invest there.

With the recession forcing developers to think hard about their prices and a bright future looming, Egypt is currently looking like a great investment….

Residential UK property prices look like they’ll end the year higher than they started, but will still face challenges during 2010, according to the latest analysis of real estate trends by RICS.

At the start of the year RICS (The Royal Institute of Chartered Surveyors) predicted that prices would fall by 10% in 2009 but now due to a substantial shift in sentiment in the uk housing market over the past few months which has seen prices starting to pick-up in some areas, it now predicts a much more positive outlook.

Isn’t it nice to start seeing some positivity back in the market – not just property but all areas of business… caution still needs to be taken of course and certainly lessons learned from the credit mistakes a lot of people made in the last decade. But hopefully we’ll learn from this and move forward at a steady pace…? Do you think that’s possible?

So it now looks like the average house price in the 4th quarter of 2009 could be slightly higher than the same period in 2008, RICS says in its latest uk property market survey. However this does not indicate a quick return to the boom time, as activity remains very weak by historical standards, the report points out. Although mortgage approvals have gradually improved recently even if they continue to do so, transaction levels would still be well below the long-run average as a significant increase in approvals is still being hampered by the limited availability of mortgage finance.

It seems mortages are still very hard to get which I think will hold the market back a lot for the rest of 2009… any IFA’s wish to comment please let us know your thoughts…

- Nick

The housing market is now in the early stages of a recovery that will be led by the prime market, according to a new report from Savills…

In Residential Property Focus, head of Savills residential research Yolande Barnes said that the imbalance between demand and supply that the housing market was experiencing “makes a recovery inevitable.”

Another indicator was a restored confidence in good old property, triggering price increases over the last few months, with prime London areas seeing a price increase of 4.3per cent for between March & June.

Savills said it expected prime areas to lead the recovery as they were less susceptible to restricted lending by the banks and unemployment.
The estate agent also said that it anticipated more properties to be put up for sale in the autumn which could disrupt the current supply-demand balance to favour buyers. “In this case, new stock for sale will take some heat out of the market,” Savills said.

Source: www.house-builder.co.uk

5 year payment plan available with only 20% deposit on contract
Uplift in prices for later phases will ensure early investors benefit from instant capital growth
Pre-release prices from only £9,995 (inc finders fee) for a 1 bed apartment - only available for a short time.
Further 10% discount for cash buyers…

Colour Investments are proud to launch exclusively one of our most exciting and desirable investments in Egypt to date – Makadi.

Located in the area of Makadi Bay on the Red Sea coast, Makadi will create a whole network of facilities for owners to enjoy including an on-site sports club, health spa club, cinema, supermarket, coffee shops bars & a number of top quality restaurants.

The overall development is very open and spread out with building on only 20% of the plot providing a very relaxing environment with lots of beautiful green landscaped gardens. The resort is located just minutes away from the stunning Makadi Bay where you can enjoy the stunning Red Sea waters, do some diving and enjoy a nice cold cocktail by the waters edge.

Makadi is strategically located on the south edge of Sahl Hasheesh, just north of Safaga, Egypt’s main Red Sea Port. It is just 30 km south of Hurghada and about a 25 minute drive from Hurghada International Airport.

With prices starting from just £9,995 including finders fee this is an investment not to be missed…

With probably the lowest pre-release prices ever seen in Egypt in the last 5 years this is one pre-release opportunity not to be missed – Makadi!

To view the full brochure for Makadi please visit our website here to register and then download the Makadi brochure or call us on 08450 944 559 to discuss the opportunity with one of our Egypt Investment Consultants.

Hi all,

Welcome to our property investment blog! Over the coming weeks, months and years we’ll be posting interesting news, updates and random thoughts on property related topics!

Please check back soon, enjoy listening to us and comment on our posts whenever you can!

Kind regards
Nick

MD Colour Group