Reservation fee of €1,500 to allocate the property and take it off the market.
The property price minus thereservation fee, together with the furniture pack price, is to be paid in ten working days in the escrow account. The Dutch escrow agent will then release the monies in stage payments, per block, as follows:
- 10% on start of constuction ( construction is already well under way)
- 10% on start of foundation
- 20% on start of concrete constuction
- 15% on start of construction wall and roof
- 15% on start of plastering
- 10% on finishing works
- 10% on start of building facilitues
- 10% after inspection and delivery
- The buyer receives an offical property certificate in Egyptian and English.
- Offical deeds will be legalised by the Royal Netherlands Embassy in Cairo.
- Final Inspection and delivery inclusive of all facilities.
- Five year constuction warrently starts.
Please note: As part of the due diligence and project management, the stages above will be monitored with visual and written confirmations which will be provided by a third party Dutch based quantity surveying firm.