Buying real estate in Hurghada is a common thing for many foreigners.
Every year more and more foreign citizens come to Hurghada to buy here, on the coast of the warm Red Sea and eternal summer, an apartment, house or villa.
The desire to buy an apartment in Hurghada arises in many after the first trip, and the decision matures during the second or third visit to sunny Hurghada or other cities of the country of the pharaohs.
Real estate in Egypt, especially in Hurghada, is recognized as one of the most promising and attractive for family vacations and investments in foreign real estate. Overseas property market analysts believe that Real Estate in Hurghada is a worthy alternative to European seaside resorts.
The simplified purchase procedure and the relatively low cost of real estate in Hurghada stimulate demand from foreigners. Statistics show that half of residential new buildings in the resort cities of Egypt are purchased by foreign citizens.
So why Hurghada?
And why an apartment, and not your usual stay in a hotel?
First, Egypt is a country of eternal summer, and Egypt has a simplified visa regime for citizens of many countries.
Secondly, housing maintenance costs are practically limited to utility bills. Electricity and water in Egypt are quite cheap, and prices for food and household goods are lower than in world resorts. All this makes Hurghada attractive not only for investment, but also for living.
Third, almost all developers sell real estate in installments.
The Egyptian government positions the purchase of real estate in the republic as an investment in the country’s economy, and the legislative mechanism for the purchase and sale of real estate in Egypt is well established. The protection of the rights of buyers and owners of real estate in Egypt, especially foreign citizens, is implemented at a high level.
Having only one document with you — a foreign passport — you can buy real estate in Hurghada: a studio, an apartment, a villa, a house, a land plot (for production, agriculture or housing construction), a shop or open a company and organize a business.
Besides the clear economic benefits, there are also environmental benefits. Hurghada is famous for its dry climate, warm and clean Red Sea. There are no large industrial enterprises on the territory of this unique country. All this contributes to the recovery of people with allergic, lung and skin diseases.
For any questions regarding the PURCHASE and selection of real estate in Hurghada, you can always consult with our specialists who have up-to-date information and help you make the right choice
+20 106 930 3640 Contact us
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