Buying Property In Egypt

In recent years Egypt has become a prime destination for investment and holiday properties, with regions around the major cities seeing a particular boom. With this increasing popularity it’s the perfect time to think about getting in on the action, but keep in mind these important tips:

Like with any property purchase, ensure you don’t rush into things. Take your time to get to know a region, its people, its amenities and its cuisine. If you can’t make it a home, don’t live there. To really get a feel for a place you’ll need to spend a good deal of time there. Don’t just go for a weekend thinking you’ve read all about the area and it sounds lovely; invest some time and uncover the true character of your chosen region.

Likewise, don’t combine business with pleasure. If you treat your buying trip as a holiday you’re liable to fall in love with properties that don’t make financial sense, and primarily your investment has to be affordable. Don’t get carried away just because you think you’ve found your dream home or because someone else might make an offer; all the usual rules of buying houses still apply, and you should never go over budget and regret it later.

Consider more out-of-the-way destinations to save money. The big cities are obviously most expensive, but you can still find the Egyptian experience in other parts of the country. Marsa  Alam,in the south Red Sea, Egypt for example is on the up but still unspoilt by development and tourism, so it just goes to show that you can pick up a bargain if you’re willing to live outside the most popular destinations. From Hurghada to Marsa Alam you will find miles of pristine beaches and Marsa Alam is now served by Egypt International Airport at Marsa Alam. Also there is an international airport in Hurghada and Cairo. Air transport within Egypt makes all areas accessible and such great investment opportunity for buying property in Egypt at great prices.

Once you’ve found a house or apartment you love, you can start to go through the buying process. This involves making an offer which, if accepted, you’ll sign an agreement on. Then you have to pay a third of the offer to the seller, which is non-refundable if you decide to pull out. The rest of the balance is transferrable usually with payments monthly through to completion, which takes up to a few months; this is when documents are signed by both parties and their Notary which transfer ownership to you.  Egypt apartments for sale and property for sale is transferred by freehold ownership and taxes are very low. There is good return of investment for property in Egypt, it is a safe investment and popular destination for tourists. Many ex pats are living in their own home in Egypt.

There are no restrictions on foreign nationals buying property in Egypt, you are liable to pay a fee, which covers all the deeds to the house, planning regulations etc being checked to make sure that the sale of the house is legal. This is a standard procedure, it doesn’t cost very much and it is for your protection. Buying property in Egypt is easy for anyone, just be sure you’re buying property from someone that has the right to sell it and you can be sure of this by having your documents properly taken care of.

Buying an Egypt property is a straightforward process, and as long as you do your research and follow the correct procedures, you’re sure to find the right investment.

Author: Sandra Peterson

So You Want to Buy Property in Egypt?

Egypt is a country that many visitors seem to fall in love with. And more people, as they become more established, are becoming interested in buying property in Egypt.

Is real estate in Egypt a good investment for you? Let’s explore the possibilities.

If you want to buy Egyptian real estate, research the cost of property, currency exchange rates (if that is a concern) and other technical aspects. Many people also factor in the possible lifestyle. The climate may be quite attractive to you, as well as the famous Egyptian food, the world-renowned culture and the possibilities for rewarding outdoor activities.

Here are some points to consider, if you are interested in Egyptian real estate:

How safe are prices for Egyptian real estate?

There has been steady growth in the property market in Egypt for years now. It has slowed down a bit lately, but it will be very promising for many years to come.

Property investors and second- home buyers have been coming here for a long time. And though this means that in some areas property prices are high, there are still plenty of good areas for the new buyer to explore. This includes both city and rural properties.

As well, the government is planning to spend many billions of pounds in the next few years throughout the country for economic development. Thus the infrastructure will improve and property value will increase.

If we don’t live in the house, at least in the near future, how will we pay for it?

First, as prices are likely to rise in the future, it’s best to buy sooner than later.

Second, there is always the option of renting your property. Major cities are always popular destinations and thus there is a need for rental properties; Red Sea apartments, flats, villas and chalets which are kept  in good condition are also eagerly sought after. There is a well established system for managing flats, villas, chalets and apartments in Egypt whilst the owner is away. Property managers for Egyptian real estate take proper care to see that the properties are well maintained so as to preserve your investment.

Where should we buy property in Egypt?

Is price more important to you or location? If you like the city life, for example in Cairo, Alexandria ,Hurghada, etc, you are likely to pay a higher price for your Egyptian home. But of course if that is where you want to live, it’s worthwhile.

Some areas that are recently touted as good places for property investment include El Gouna, Hurghada, Safaga, El Quesir,Marsa Alam  among many others. These areas may not have much of an international population or reputation, but it may be what you want. These are the areas where you can find miles of pristine beaches and many of them are very private.  Whether you choose for privacy or the company of a neighboring village, you’re sure to find great land properties at the beach cities of the Red Sea in Egypt.

Rural areas and south Red Sea Egypt are becoming less isolated also, which can be a plus for you. The Egyptian airport system is becoming more efficient and more airlines are flying from northern Europe to areas of Egypt that were previously off the beaten track.

An upscale Egyptian home with direct beach front, is likely to be quite expensive, and not for everyone.  If a private villa or chalet is not what you’re looking for then consider buying a flat or apartment in a new construction building. Many have special prices for off-plan property purchase and you can find a good deal this way. Also you can find apartments for sale in Egypt Red Sea city of Marsa Alam which are located quite close to the beach but conveniently located at town with services available for everything you might need.

A good real estate agent of course is an important source of information to help you find the right property in Egypt for you.

Will we like living in Egypt?

Of course if you prefer an overpriced country with a cold, overcast climate, where there is little culture, average food, no outdoor activities, no fantastic nature and unfriendly people, then definitely you don’t want to live in Egypt.

Need I say more?

So, to summarize buying property in Egypt is a safe investment,

For the large scale property investor there are the above advantages and a promising market which is tried and true but which also has new, untapped areas, making Egyptian real estate a most exciting and promising venture.  Land parcels have increased dramatically in value over the past few years in the Red Sea area of Egypt. There are now well established resort hotels and most all of the beach property for sale in Hurghada has been purchase for resort developments.   For the large scale property investor there are opportunities now which didn’t exist before because of the limited amount of beach front property available. The Red Sea is a popular attraction where hoteliers enjoy low vacancies most of the year and major resort developers can secure a breachfront location in this popular tourist destination.  In such scenario, the large-scale developer for property would likely experience a high return on his property investment in Egypt.

Author:  Sandra Peterson

5 Best Ideas For a Luxury Holiday to Egypt

Spending your holidays in Egypt, that’s a great idea but you need to know the ways to get the maximum out of your holidays in Egypt. Egypt is an exquisite place packed with a great deal of historical structures and some very exclusive places for adventure.

It has every thing to submit you for snug holidays from spa, Red Sea, the Nile to golf Courses. It has all to make your stay momentous in Egypt. Some ideas are mentioned beneath for lush Holidays;

Experience Scuba diving in Hurghada

Egypt has some of the very optimum sites pertinent for scuba diving. Hurghada, Safaga, El Quesir and Marsa Alam are the most superb places to go for scuba diving. Its marine spectacle is just implausible. The enormous underwater life is certainly going to make you stunned. If you are a novice in scuba diving, you can become skilled by attending their courses on scuba diving.

Enjoy a luxury cruise down the Nile

Cruise liners tender a country tour with top excellence and comfy service. They cruise down the Nile, touching in the best places of the country while soothing you with the five star services. These cruises leave from Luxor or Aswan, and take you through the important places like the Valley of the Kings, the Necropolis, and plentiful ancient temples. These cruises are operational with gyms, restaurants, shopping centres and boutique.

Play golf in Hurghada

Golf is an activity that just about every one likes to play mostly when they are on opulence holiday. Egypt offers some magnificent golf courses. Among these superb golf courses Hurghada – El Gouna and Cascades are the finest. They are situated at the amazing beaches and they offer exciting view along with the wonderful game.

Feel pampered at a luxury spa hotel

The basic mood on holidays is the pampering behaviour to make it plush. The spas in Egypt offer this behaviour at its very top. Residence des Cascades in Hurghada and the Sheraton Hotel in Sharm El Sheikh have outstanding spa facilities, offering a variety of sauna, and massage treatments. You can treasure the most relaxing moments at these spa centres. The olden techniques of massage can make feel you young and rejuvenated once again.

Take a city tour in Cairo

Egypt has a lot of historical place to offer for the history lovers. The Pyramids and the Sphinx are two of the most visited and extraordinary sights in the world. No tour to Egypt can be considered complete without visiting these two iconic places of Egypt. The Cairo Towers has a revolving restaurant to offer you a unique experience. Citadel was chosen by Saladin for its pure nature. You can see the medieval time as you stroll through the Citadel.

The nights are even more magnificent in Egypt. You can take pleasure in the bustle of city life in the lights and can treasure the memories of some stunning Egyptian Dances at some amazing restaurants. Your hunger for a comfy holiday is satisfied totally when you are in Egypt for a luxury holiday.

Author :  David Hughes