Find out the current prices in Cairo, Egypt with this article. The average price per square meter is around $1,000, but prices can vary and are subject to change. Whether you’re looking to invest or just curious, this article provides an overview of the market situation.
Investing in Property in Egypt: Coastal Hotspots and Increasing Prices
Investing in property in Egypt’s coastal hotspots is a lucrative opportunity. With increasing prices and government support for foreign investors, Egypt is attracting property buyers. Discover the popular Mediterranean and Red Sea coasts, the surge in construction, and the stable political situation. Consider visa requirements, work alongside a lawyer, and understand fees and taxes associated with property purchase. Despite a relatively under-developed mortgage market, new laws allow foreigners to obtain mortgages up to 85% loan-to-value. Egypt’s rich history, tourism potential, and growing economy make it an appealing destination for property investment.
Essential Information for British Nationals Buying Property in Egypt
Essential information for British nationals buying property in Egypt. Learn about risks, legal advice, checks before signing contracts, restrictions, taxation, mortgages, visa and residence requirements, and lodging complaints. Contact local authorities for up-to-date information.