How To Buy A Property In Egypt?

Why would I buy a property in Egypt?

Overall, buying a property in Egypt can offer a mix of financial benefits, lifestyle advantages, and investment opportunities for individuals looking to diversify their portfolio or own a property in a unique and culturally rich country. So let's get closer look at it:

1. Affordable real estate prices: Compared to many other countries, property prices in Egypt can be relatively affordable (even in a luxury sector), making it an attractive option for those looking to invest in real estate.

2. Great potential for rental income: Egypt is a popular tourist destination, and properties in tourist areas or major cities can provide opportunities for rental income, especially during peak tourist seasons.

3. Diverse property options: Egypt offers a wide range of property types, including apartments, villas, and beachfront properties, catering to different preferences and budgets.

4. Stable property market: The property market in Egypt has shown stability over the years, with steady growth in property values in certain areas.

5. Residency and citizenship benefits: Purchasing property in Egypt may offer residency or citizenship benefits, depending on the investment amount and specific regulations in place.

6. Lifestyle and climate: Egypt offers a unique lifestyle with a rich history, diverse culture, and warm climate, making it an attractive destination for those looking for a change of scenery or a vacation home.

7. Potential for capital growth: With ongoing development projects and improvements in infrastructure, there is potential for property values to appreciate over time, providing a good return on investment.

Buying a property in Egypt with us is easy.

We will help you to find a best property for you. Start by choosing the optimal area for your purchase. Once you find a property you like, we will make an offer to the seller and negotiate the price and terms of the sale to make it the best deal for you.

Before finalizing the purchase, our lawyer will go thorough inspection of the property to ensure there are no issues or defects. Check the ownership documents and verify the property's legal status.

We will provide you with a translator. The official interpreter required for the issuing a power of attorney for the lawyer so that the lawyer can represent the buyer's interests in court for the registration of the sales contract.

The payment for the translator's work in the notary office is included in the total cost of registering the contract in court.

What do I pay at the end of the day?

1. Deposit (included in the total cost) - usually $1,000. The deposit is typically non-refundable if the buyer backs out of the deal.

2. Purchase price of the apartment

3. Registration of the sales contract in court - $350 with our lawyer

4. Property tax is paid annually. It must be paid in the first 2-3 months of the year. Currently, fines of 18% are being imposed on tax arrears.

5. Maintenance fees There are few options:

• One-time payment - if it is a new apartment from the developer. Almost all new residential complexes operate on this system.

• Annual maintenance - this system is found in complexes and houses built 3-4 years ago.

• Monthly payment - this payment system is common in regular residential buildings where only a security guard is present. Typically, around 200 pounds are paid per month.
  

Egypt is a great country due to its rich history, stunning ancient monuments such as the pyramids and temples, vibrant culture, beautiful landscapes including the Nile River and Red Sea, and warm hospitality of its people. It is a destination that offers a unique blend of ancient wonders and modern attractions, making it a must-visit for travelers seeking a truly unforgettable experience. And now you can make it your home!