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Real estate for sale in Egypt

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Property in Egypt

Egypt - a worthy replacement of European resorts. Real estate is recognized as one of the most promising investment in a foreign housing. Buying real estate in the cities of Egypt, to a greater extent made by foreigners. In the last five years, increased the number of active citizens of the CIS who purchased buildings in Egypt. And all this because to buy property in Egypt can be a simplified procedure. A lack of land taxes and taxability of real estate, if the price does not exceed 80 thousand dollars, the acquisition makes it so attractive to all.

Selling real estate in Egypt

Socio-legal mechanism for sale of real estate in Egypt is perfectly debugged. As for the defense of the rights of the buyer, especially a foreign citizen, and on the part of the owner. The government purchase and sale of the entire property is regarded as an investment in the economic development of the country.

Basically, the property can be purchased from the builder in installments or at the initial stage of construction.

Also, it should be said that the contents of apartments in Egypt - this is not high cost, since they are only the utilities. A tax items worth up to 500 thousand Egyptian pounds are exempt.

Prices for rental property

The resort towns of Egypt, the demand for rental apartments is very high, and therefore the prices of their rent is not too small. That is, when the right strategy, for example, buying a home in installments from the builder, you can fully recover all costs associated with the purchase of real estate, all within two or three years.

For this purpose it is necessary to buy a home in Egypt to decide what it needs: personal use or purely commercial activities. If you choose the latter, do not hesitate to enter into partnership agreement with the Russian and Egyptian tour operators, large hotel - they provide an object Residences. However, most of Russian investors are interested in buying real estate in the resorts, and to some extent in Cairo and Alexandria.

Buy property in Egypt, in particular its resort areas, not everyone can. Examples are apartments in El Kauser and other closed residential complexes. Many of them buy property exclusively senior foreign citizens.