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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 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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May 31, 2022 | Properties

Real estate market in Egypt: Statistics

Real estate market in Egypt: Statistics | Properties Egypt #3286 - 1 image

What is the real estate market like in Egypt?Let's look at a general view of the real estate market in Egypt, where those wishing to buy residential properties express in preparation to pay a premium of up to 45% to acquire a property in one of the communities that provide amenities and luxury, especially those located in the new development areas. Although the price per square meter exceeds 18 thousand pounds in such places, compared to an average of 14.5 thousand at the level of Greater Cairo, the demand for luxury housing has become a milestone for the real estate market in Egypt, and its luster is not expected to fade in the foreseeable future.The real estate sector represents about one-fifth of the GDP of the economy in Egypt, and is witnessing a steady growth, supported by the increase in the population of two million people annually, as well as the movement of movement from the countryside to the cities at a rate of 2% annually.These factors boost the demand for residential real estate in the real estate market in Egypt, especially the capital, Cairo, which has expanded over the past decades. Today, the residential centers in the Egyptian capital include the traditional downtown Cairo area, and in its east, New Cairo and Shorouk City, up to the new administrative capital under construction. It also includes the existing West Cairo area and the West Cairo extension area under development. The new areas are considered the largest source of the supply of housing units.The statistics of the most important real estate consultancy companies determine the size of the real estate market in Egypt, specifically housing properties at the level of Greater Cairo at 7.1 million housing units, and it is expected to rise to 7.6 million units by 2025.It is worth noting that 20% of the additional units are of the luxury category known as "Lux", specifically in the two areas of New Cairo to the east, especially the Fifth Settlement, and west of Cairo, where the ci...

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May 26, 2022 | Properties

How much does it cost to rent in Cairo?

How much does it cost to rent in Cairo? | Properties Egypt #3171 - 1 image

How much does it cost to rent an apartment in Cairo?Cairo is the ancient capital of Egypt and one of the very old and always inhabited cities, and it is considered a super vital center in the entire Arab region. Although Cairo is also one of the most populous cities in the world, it is always a destination for work and stability, and all those coming to Cairo have the first question in their minds: How much does it cost to rent an apartment in Cairo?When we talk about Cairo, we mean a place larger than any ordinary city in the world. Cairo itself is a city and an entire governorate, officially comprising thirty-seven large neighborhoods distributed on the four sides, east, south, west and north, and all its neighborhoods are residential and densely populated, and everyone asks: How much does it cost to rent an apartment in Cairo? Or ask about the cost of apartment prices in different neighborhoods within Cairo.Cairo since ancient times is an important city internationally because it includes a wonderful diversity in the cultural, commercial and economic movement, in addition to being one of the most important cities in the world on the map of historical tourist places, and because many foreigners come to it permanently, we note that the search for an apartment for rent in Cairo is very active, and also Egyptian citizens, they are looking for an apartment for rent in Cairo, for several reasons, not everyone has the ability to buy an apartment, and sometimes the purpose of renting an apartment in Cairo is to stay for a certain period only to study or work, so it is important to take a look and answer our question: How much does it cost to rent an apartment in Cairo?In numbers; How much does it cost to rent an apartment in Cairo?The neighborhoods of Cairo are many and vary between the old neighborhoods and the new neighborhoods and the developed urban expansion that is now rising on the outskirts of Cairo. Therefore, the cost of renting an apartment in Cairo varies acc...

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May 31, 2022 | Discussions

Investment: buying property in Egypt

Investment: buying property in Egypt | Discussions Egypt #3284 - 1 image

Is buying property in Egypt a good investment?Of course, we are talking about buying a property in the largest populated Arab region, and one of the most important countries that host nationalities from all over the world for tourism, residence and work, in addition to the fact that Egypt is a developed country in the real estate sector and is very open to modern construction and housing projects, and the real estate movement has never stopped.Therefore, buying property in Egypt is a good investment and guaranteed profits, and because Egypt is a wide country and many areas, you must think carefully before choosing a suitable property to be a good long-term investment: Choose an area with a growing population in Egypt, but stay away from popular and crowded places.• Choose a strategic area, close to public facilities such as schools, government agencies, hospitals, and other shopping centers.• Choose an area where buying and renting is in great demand in Egypt.• Choose an area where the offers suit your financial capabilities and provide you with suitable payment facilities.• Choose an area that provides you with guaranteed profitability in Egypt, in which the purchase prices are lower than the selling prices and the monthly rental installments allow you to recover the value of the property in the shortest possible period.• Choose an area where the real estate infrastructure is solid buildings and housing projects established by well-known contracting companies in the real estate market.After you have intelligently chosen the location of your property in Egypt, you must check several other things in order for your investment to remain secure and safe:- Do not rely on your own criteria in choosing the property you want to invest in Egypt. In fact, this accommodation will not be your main residence and personal criteria can make you illogical in your decision which takes you away from your main goal: to search for a profitable investment.&rdquo...

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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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