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May 22, 2022 | Properties

- Can foreigners buy property in Egypt?

- Can foreigners buy property in Egypt? | Properties Egypt #3085 - 1 image

Can foreigners buy property in Egypt?Egypt is the first country that opened the door for foreigners to buy property, because Egypt is interested in developing the real estate market and revitalizing the Egyptian economy sector, and because Egypt is one of the most important regions for tourists from all over the world, and the tourism sector is always in need of renewal and supplying the region with huge and foreign investments.In addition, the decision to allow foreigners to buy property in Egypt helps balance the real estate market between supply and demand, and contributes to increasing job opportunities for Egyptian citizens.Egypt allowed foreigners to buy property with ease and through simple and uncomplicated transactions. Through the passport that proves the identity of foreigners, they can own a property, in addition to some conditions such as:1- Foreigners can buy two real estate properties in Egypt as a maximum for ownership.2- Foreigners must adhere to a full area of ​​the two properties that does not exceed eight thousand square meters, and the area of ​​one property must not exceed four thousand square meters.3- Foreigners must adhere to the purpose of real estate when buying property, such as residential or commercial real estate, or for the purpose of investment.4- Foreigners must commit themselves to start implementing their investment in real estate (empty land) in Egypt within a maximum period of five years.5- Foreigners have the right to dispose of real estate ownership in Egypt after five years from the date of the ownership contract registered in their name.6- There are areas prohibited for foreign ownership in Egypt, especially real estate located in areas classified as “heritage or antiquities”, or real estate lands on the state borders, as well as agricultural lands are prohibited for foreign ownership.Do foreigners who buy property in Egypt profit?Of course, if the purchase is for the purpose of investment, you will defin...

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May 08, 2022 | Discussions

How is the real estate market in Egypt?

How is the real estate market in Egypt? | Discussions Egypt #2962 - 1 image

How is the real estate market in Egypt?Here we can give you an initial overview showing how the real estate market has developed in Egypt over the past years, according to the 2017 stats:The number of buildings in Egypt reached sixteen million and 185 thousand buildings according to the census in 2017, compared to 11 million and 594 thousand buildings in the 2006 census, an increase of 5.39%, representing 2.91% of the buildings designated for housing, and the real estate wealth is estimated at nearly 3 trillion Egyptian pounds. There are many forms of real estate wealth in Egypt between lands capable of urban development and lands occupied by buildings and the buildings on them.The real estate market in Egypt has gone through many stages like other real estate markets in the Arab countries, including changes in laws, including stagnation due to international conditions, and due to the conditions of the Covid virus pandemic that affected the whole world.But the real estate market in Egypt is considered a market of great importance in the region, for several reasons such as the large size of Egypt, and because of its huge population, in addition to the fact that the new laws helped the real estate development in Egypt to grow rapidly.The most important laws that helped the real estate market in Egypt thrive and develop:1- Controlling, identifying and documenting state lands, so that they become raw land ready for investment and suitable for real estate development projects.2- Activating the role of the real estate tax system in order to limit violations in the old building, and to regulate the process of modern construction.3- Amending the old systems of renting, and building new suitable systems that guarantee the rights of the owner and the lessor of real estate.4- Paying attention to the real estate appraisal process, which determines the real value in the real estate market, and this makes investing in the real estate market in Egypt safer and more confident.5- Th...

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May 27, 2022 | Directory

Apartment for rent in Cairo for students

Apartment for rent in Cairo for students | Directory Egypt #3180 - 1 image

How much does it cost to rent an apartment in Cairo?One of the very common questions in the Egyptian real estate sector, especially the question of young people and students of prestigious universities in Cairo, about the cost of renting an apartment.Cairo includes prestigious universities, intended for Arab and foreign students from all over the world, especially those interested in studying at Al-Azhar University, Cairo University, or Ain Shams University. So, here, let us give these students a quick overview of the cost of renting an apartment in Cairo within the Nasr City area, which is close to these universities:The cost of renting an apartment in Cairo within "Nasr City":Nasr City neighborhoods are the closest to Al-Azhar University, where students rent apartments. The cost of renting an apartment in Nasr City starts from 250 pounds per month for a student in a small apartment or room, bathroom and kitchen. Students can also participate in renting an apartment together and dividing the rent amount among themselves, where there are apartments for 2000 Egyptian pounds, furnished and equipped, two rooms and a hall, and the prices increase according to the area of the apartment and its proximity to the university and services.How much does it cost to rent an apartment in Cairo within the "Sixth District - Nasr City"?The sixth district in Nasr City is the closest to Al-Azhar University for male and female students, as well as the Al-Azhar university cities, where there are a number of apartments for rent for students, either individually or jointly with a number of students.The average rent price for the sixth district in Nasr City starts from 350 pounds per month and increases to 500 pounds in apartments with small areas and far from the main streets. In the case of large spaces or the apartment being near the university headquarters, the price starts from 3000 pounds per month, especially in the case of the residential building is close to re...

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May 11, 2022 | Properties

Glimpse: Do people own land in Egypt?

Glimpse: Do people own land in Egypt? | Properties Egypt #2979 - 1 image

Do people own land in Egypt?All Egyptians can own land in all parts of the country, but Egyptian laws set certain conditions for non-Egyptian foreigners to own land and real estate.It is known that Egypt has many agricultural lands, but these agricultural lands are only sold to those who hold Egyptian citizenship.As for the other lands (empty land), it is like any other real estate that an Egyptian and a foreigner can buy.As for the most important laws of foreign ownership of land in Egypt, they are:- Owning only two real estate in Egypt.- The maximum total area of real estate owned by a foreigner is eight thousand square meters, and the maximum for each land or property is four thousand square meters.- The process of construction or investment in the land purchased by the foreigner must be carried out within a period of five years, or his authority to dispose of this land must be suspended.- The areas identified by Egypt as belonging to the protection of antiquities are, of course, prohibited from selling.Do people own land in Egypt? Why has such a question become so popular for non-Egyptian foreigners?The land of Egypt is a wonderful opportunity for investment. We are talking here about a very ancient land with diverse terrain and geography, and in many ancient and modern cities and cities under construction now.Egypt is characterized as a country that is very open towards modern civilization, and all its modern cities have been designed to be fourth-generation cities, i.e. smart and developed cities with modern technology and take into account the standards of sustainability.People own land in Egypt within the new urban complexes:The authority responsible for real estate development in these modern complexes and cities presents a set of organized plots of land for sale in modern areas in Egypt.In the latest real estate statistics that monitor the process of selling lands in the cities of Egypt, it was noted that lands designated for industrial and service activit...

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May 13, 2022 | Properties

Is Egypt a good place to invest property

Is Egypt a good place to invest property | Properties Egypt #2998 - 1 image

Is Egypt a good place to invest in real estate?If you are a businessman or investor and want to invest your money and want to increase your profits, then real estate investment in Egypt is the best, as this type has spread in abundance recently, as new cities have increased and spread in all governorates of Egypt in order to reduce the population burden on the major areas in the governorates, and although these cities are far from the major areas in the governorates, but the idea of investing and residing in these places won the admiration of investors.How is it good to invest in real estate in Egypt?Real estate investment in Egypt is putting your money in buying and selling real estate, and the new cities are considered one of the best and most beautiful real estate investment areas in Egypt, where there are many units at reasonable prices for all investors and those wishing to live.All residential projects in new cities offer the appropriate installment systems, and therefore you can buy the real estate at a low price and sell it after a period at a higher price. This is called investment in the real estate field, so this investment is considered one of the safest types of investments that have been popular worldwide by investors and businessmen.But in Egypt, we must remind you that real estate investment has many requirements, the most important of which is the investor’s search for a long or short period until he finds the right real estate at the right price and with time, you can find a great profit from it, so you must be patient and committed until you find what you want, and pay the installments must be made regularly.Since you are interested in this question: Is Egypt a good place to invest in real estate? We would like to give you a glimpse of the most important tips that will guarantee you a profitable investment in Egypt:- Conducting a comprehensive feasibility study for all new residential projects and projects that have not yet been implemented ...

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May 10, 2022 | Properties

Today, is Egypt good for real estate?

Today, is Egypt good for real estate? | Properties Egypt #2970 - 1 image

Is Egypt good for real estate?A natural question during the volatile conditions experienced by all countries of the world!But given Egypt's great history in the real estate world, we can assure you that Egypt is good for real estate. The real estate market in Egypt is good in all cases, and the decline and rise in prices is a normal thing that occurs in all real estate markets in the world. But it is certain that Egypt never stopped the real estate movement, the growing interest in the issue of real estate in Egypt occupies an important part of the comprehensive and permanent development process in Egypt.Today, is Egypt good for real estate?Let us tell you that we cannot evaluate the quality of the real estate market today through a global rise in prices, as international emergency conditions change economic indicators temporarily, because we confirm that the real estate market in Egypt is indeed one of the best real estate markets, and the Egyptian economy has been able to prove that it is able to overcome challenges and circumstances wonderfully, and the best example is its ability to recover quickly from the effects of the (Covid 19) pandemic, and the real estate market in Egypt has achieved very good profit rates during this pandemic, making it the best real estate market in the region.The rise in prices today affects all sectors, including the real estate sector in Egypt, but economic experts believe that it is a normal period with positive signs for the Egyptian real estate market to flourish again, with full force and effectiveness.There are many things that indicate that Egypt is good for real estate at this particular time:- The real estate market in Egypt is characterized by encouraging laws that help investment and purchase and make the real estate movement always active. In addition to bank facilities and renewable real estate financing on incentive terms.- The huge projects that have been planned in Egypt to build new cities and expand housing proje...

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