The development of raw land by clearing, providing infrastructure and construction has been a profitable process. Take into consideration that the prices of land in the red sea coast is growing rapidly over the last few years.
There have been many documented cases of developers taking funds for projects for which they do not even own the land title, or building permission having not been fully granted. Construction has consequently been halted, often resulting in the investor loosing all or part of the investment.The good news is that these situations can be easily avoided and Lincom Real Estate team works with the investor to ensure that projects we offer meet certain criteria. This ensures that all Lincom Real Estate offered investments are as secure as possible, allowing members the best possible opportunity to safely maximize returns from every investment. Some of the usual checks carried out are listed below:
These licenses required prior to construction. Many projects work on a pre-release basis and these licenses may not be in operation at this stage. Lincom Real Estate offers pre-release opportunities to investors, allowing for the earliest possible entry into projects. In the case of pre-release opportunities, monies should be held in Lincom Real Estate bank account and only released to the developer when all relevant licenses are granted.
It is important that a developer has a traceable background and experience. Often previous projects are a good point of reference to future projects. Lincom Real Estate will look to offer projects from experienced developers with high standards and a reputation for completing on time.
Obviously any developer must own the land they intend to construct on. In the past there have been cases of rogue developers taking funds from clients for properties and never having legal title to the land. This is rarely a problem today and is easily checked. It is also essential that an investor understands that he/she is buying a freehold property and that title of the land will be transferred upon completion.
Although not as common as in the past, due to the uncertainty of the investment, some investors look to operate a "buy to flip" strategy. This basically means the investor will look to place a minimum down payment to secure a property and look to resell the unit(s) during the construction process, prior to completion. In order to do this the contracts must be re-assignable and any administration fees must be highlighted. Without these factors being fully understood, the investment strategy could be rendered useless.
Lincom Real Estate looks at the buying process and ensures it is as secure as possible for investor members.
All good developers offer a guarantee on construction and a detailed quality specification.Lincom Real Estate makes sure these qualities and their offered guarantees are to a required high standard. Building specifications are also made available to investors.
How is the price of land determined? The following factors determine the price of land:
As the platform real estate investment search site, Lincom Real Estate Jsc. is a fully integrated real estate investment, recognized in Egypt by industry leaders as the leading real estate network in Egypt known for providing the fastest and best services for those who are interested in Real Estate investment projects and property services. Our extensive list of investment opportunities and properties including apartment, villa, plot of land, building, hotel or new development for sale enables you to search and browse unique properties from across Hurghada, El Gouna, Sahl Hasheesh, Marsa Alam, Sharm El Sheikh, Red Sea Coast, Luxor, Aswan, Cairo, Alexandria and all over Egypt.
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