There are not so many countries in the world where recreation and the acquisition of real estate for foreigners are inexpensive, especially if we take into account the distance factor — perhaps somewhere far away they also have a good rest and housing is more than affordable, but you cannot run into faraway lands.
The square meters of the country of the pharaohs today have a very low cost, much more affordable than in other countries. In addition, we remember that summer in Egypt lasts much longer than in the same places, so even in winter you can safely come to your Arab dacha on the shores of the Red Sea. It is also interesting. That although a lot of things fell on Egypt, no claims were made to the owners of local square meters, and prices for local real estate almost did not change. Proceeding from this, the apartments purchased earlier turned out to be a very reliable investment.
Now in Hurghada, prices start from 8,000 euros — and this housing can be purchased in installments without interest. The pricing policy depends on the location — on the first line, due to the limited supply and in closed complexes, the cost is slightly higher. In some cases, you can always find owners who want to quickly sell their housing, so they can easily drop the price.
The political situation in Egypt is stable, so the local real estate market is on the rise. The economy is developing rapidly, tourism is growing — the new Hurghada airport receives many planes every day, there are no problems with the occupancy of hotels and apartments either. All tourist areas are protected by the state with increased care. At the same time, the professionals of the real estate market guarantee 100% reliability if, when buying, an object is selected from a reliable developer, which you can always find when you contact an experienced agent for advice.
In any transaction, the presence of a realtor is important, but in this situation it is especially important to have a specialist who will competently draw up all the documents, minimizing any negative aspects. The market is being actively built up and, in addition to interesting and high-quality projects, there are always unsuccessful options, and a specialist who knows the market well will help to avoid meeting them.
For any questions regarding the PURCHASE and selection of real estate in Hurghada, you can always consult with our specialists who have the latest information and will help you make the right choice
+20 106 930 3640 Contact us
Skype: Hurghada RedSeaLine