May 27, 2022

How much does house cost in Egypt?

How much does the average house cost in Egypt?

Houses are the most important component in the real estate market in any country in the world, and certainly in the Egyptian real estate market, the search for houses is the most in demand because Egypt is one of the most famous countries with a huge housing population, especially in its capital, “Cairo.” In addition, Egypt is a country open to Visitors from all over the world:

• For tourism: Egypt is one of the most desirable countries for tourism globally, thanks to the unique and amazing Pharaonic monuments in Egypt.
• For work: Egypt is a dynamic country and the commercial and economic movement is constantly developing, and the large population of Egypt opens the way for many job opportunities as well, especially for foreign companies and recent investments in the real estate market, tourism, trade and industry.
• For study: Egypt is a country that is famous for its high level of education in its universities, especially the ancient and ancient universities that everyone goes to for religious, historical and archaeological sciences.

All of these factors are attracting more people to search for a house  to settle in Egypt, and the laws of Egypt allow foreigners to own real estate, and therefore the search for a house  to reside in Egypt is very popular among Egyptian citizens and residents of other nationalities in Egypt, and it is natural for everyone to ask: How much does the average house cost in Egypt?

One of the important features in the Egyptian real estate market is that the cost of the average house in Egypt is suitable for different social groups from low-income, middle-income and rich people.

Egypt is also characterized by the presence of laws that allow real estate financing for the purchase of houses, as many banks give loans with comfortable repayment to help people with the cost of the average house in Egypt.

Another advantage in the Egyptian real estate market is competition. The growth of modern real estate in Egypt has made real estate companies compete to provide the best form of real estate and houses with the latest standards, and thanks to this competition, the options for the cost of the average house in Egypt have also become competitive, and companies want to attract more people who want to buy dream houses in new construction projects and new cities across Egypt.

How much does the average house cost in Egypt? Examples from different regions:

 The cost of the average house varies across Egypt according to the area, location, floor and equipment:

- The cost of the average house in the "Marsa Matrouh" area of ​​130 square meters at a price of 450 thousand Egyptian pounds.

- The cost of the average house in "Fifth Settlement - Cairo" with an area of ​​150 square meters at a price of 400,000 Egyptian pounds.

- The cost of the average house in Alexandria with an area of ​​240 square meters at a price of 12 million Egyptian pounds.

- The cost of the average house in "Giza" with an area of ​​​​100 square meters at a price of 250 thousand Egyptian pounds.

- The cost of the average house in Egypt within the “Shoubra” area of ​​​​275 square meters at a price of two million and 800 thousand Egyptian pounds.