Monday, March 16, 2009

Hathor Flat Sold, Luxor, Egypt

We are delighted to announce that we have sold the Hathor flat at Goubli. The new owner does not intend to be there all the time so it is still available for rent but this welcome injection of cash will enable us to set up our own electric substation which will make a terrific difference to the a/c at Goubli. Especially as summer is coming.

Mahmoud has already bought some land, within 40 minutes actually, :), next to Goubli and intends to develop some more property as well as a Nubian eco village on our existing land. So he is going to busy for the next year.

The new owner had taken the precaution of checking with Samir Farag, the governor of Luxor, who confirmed that our land was not scheduled for redevelopment and was a good position to buy. Which was nice confirmation for any other potential buyers.

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