HOW TO BUY A PROPERTY IN EGYPT?
DETERMINE YOUR REQUIREMENTS
This may sound obvious, but a surprising number of people buy land or a home without properly assessing their long term requirements or thinking about all the consequences of their purchase. If you want to buy a property then you need spend some time with one of our professionals who can:
Share your vision.
Mention all the different options.
Explain the benefits of each area.
Simplify the consequences of ownership.
Our first main goal when we meet clients is to help them understand what they want so that we can provide them with all the relevant information and locate the most suitable investment, land, villa, or any other property for their needs.
Step 1 – Determine your budget
Each budget has its own property which will produce a very good return. Land prices depend mainly on location, views and services such as roads, water and electricity.
If you can’t find what you want, or if you are prepared to wait why not ask us to help you choose the land and build your dream home for you.
Our advisers can help you determine which type of property fits your budget and our website has price guidelines.
Step 2 – What Is Your Purpose?
Red Sea Cities, especially Hurghada are beautiful exotic Cities as mentioned by visitors who come. Many travelers find themselves working or staying long term, and holidaymakers as well.
A large proportion of visitors want to buy for different reasons:
Investments
Long term residence
Short term residence (Holiday home).
Investment – Hurghada has produced clear investment returns over the last six years, and this looks set to continue long into the future. If you are buying as an investor then you have to focus on:
Land or Housing development project.
Both of these will produce the best returns and the most profitable investment. If you wish to buy and hold then offer to sell in the future. Property Purchase - Most people who invest in Hurghada do so because they want to live or holiday here. This means that they want to invest via a property that they can live in. This can take the form of:
Land purchase then construction or Buying a ready-made home.
Take into consideration some of the related factors like the running expenses and rental possibilities.
Hurghada Property Lists
Step 3 - Which type of property do you want?
You have to ask your self the following questions:
- Do I want to live directly on the beach, or would I prefer a sea view from the distance?
- Do I want a Mountains View property, or would I like a holiday home which is easy to rent?
- Do I want to be close to main shopping areas, beaches, and restaurants?
- What is my favorite place on the city?
Step 4 - Get to know the Town
Before you even consider looking at land and property, get to know the Town. This can be an enjoyable and informative process as there are so many beautiful places to see, fantastic restaurants, pars and many different types of entertainment such as diving activities and desert safari. Check our map and area guide, also links to other informative websites, visit locations, places of interest, great restaurants, bars, and of course, the location of our offices, just in case.
Step 5 – View different types of properties
You need to see different types of property to compare prices and other related factors like location, view, and services provided like electricity and water for example. Our Team will explain you the advantages of each property.
PURCHASING TIPS
According to your needs, assess the location and the view of the property.
Legal details
Check the legal details. We mean by this, the ownership papers, size of the land, building permissions.
Access Without any problems, Check that you have access to the land.
Build Costs
Take into consideration the build costs and our team will you to asses these costs which may vary from property to another according to the nature of the property and the location some times. Costs usually calculated per square meter.
Infrastructure
Check the nature of the land, availability of water, electricity, telephone lines, and concrete roads.
Surrounding Developments
Its very important factor which can affect the price of your property in the future positively or negatively. Our team can help you in this matter and provide you with full service.
PROPERTY TIPS
Property Location
Location is very important factor in the price determination process. For example, a plot of land located directly on the beach will be much more expensive than another plot (from the same size) what has sea view from the distance or mountains view.
Plot Size
As much as the plot size increase, as much as the price increase (For the same location).
3- Building Quality and Raw materials.
For example, Flat slim constructing, American kitchen, and Marble floors.
Level Of Finishing
High level finishing impact the property price, vise versa poor finishing as well.
DON'T PANIC
These tips are applicable where ever you are buying a property at home or abroad so don’t panic.
Proudly, our legal department is responsible to provide you with professional lawyer for the best legal service to prepare your purchasing contract which guarantee and protect your rights. The contract will be translated to your language and stamped as well.