Overseas Mortgages: Investment in Sharm el Sheikh

Learn More About investment in Sharm el Sheikh ...

Is it time to consider somewhere like... Sharm el Sheikh?

Egypt, Sharm El-Sheikh can easily be described as a classic Investment opportunity, and it’s not difficult to understand why, Provided you steer away from holiday hotel complexes, when things can get a little too crowded, you can never go wrong with this seaside paradise. Whether you’re into diving, water sports or just looking to rent your property out, it’s one of the hottest idyllic investment spots in the world.
Perched on the southern-most tip of the Sinai Peninsula, Sharm is actually a series of bays nestled in between graceful mountain ranges offering a picturesque backdrop that holds many biblical, romantic and international attractions alike.
The most famous and developed of Sharm’s bays is Na’ama bay, where pioneering hotels, resorts and diving centers first took up residence in the mid-1980s when Sinai returned to Egypt. No one imagined at the time that the handful of original dive centers and primitive hotels would, 20 years later, become a part of the bustling commercial center that is now home to the likes of McDonalds, Pizza Hut, KFC, Peking, Hard Rock Café and Little Buddha. All pointing to an ideal investment opportunity.

Mortgages in Sharm el Sheikh

Once you have located the property of your dreams you may realise that you have not given sufficient thought to the financial aspects of the purchase or find that the price may require additional financing. Mortgages in Sharm El-Sheikh are available from various local banks and other reputable sources, and as elsewhere, can be tailored to suit individual requirements and compared for their competitiveness.

A range of financing options is available for buyers with sufficient income to service a loan. For Sharm El-Sheikh residents, mortgages can be obtained for up to 90% of the property value. For non-residents, mortgages are available in local currency for up to 60% of the property value or purchase price.

Example APR = 5.4 %
Example Mortgage Term = 30 years
30% Deposit = 11,147 GBP
70 % Financed = 26,009 GBP
Monthly mortgage repayment = 117.04 GBP (€ 173.45/ £ 117.04/ $ 229.42)