6 Homes for Sale in Egypt
(€) 43700, Red Sea Hurghada, Egypt - all regions
(€) 65000, Egypt Hurghada, Egypt - all regions
(€) 141060, El Gouna, Egypt - all regions
Egypt does not have as many taxes as other countries. Buying and selling is not restricted with harsh tax laws and obligations. There is property tax,
property sales tax, and tax on rentals. Yet they all follow simple procedures and they all must be filed between January 1st to March 31st.
Foreigners can buy property in Egypt. The first thing anyone wishing to purchase property in Egypt must do is find a good lawyer who specializes in
Egyptian property laws. Then they must grant the lawyer power of attorney so the lawyer can act on the buyer’s behalf when legalizing and obtaining
official documents from the Egyptian courts. There are payment options to consider, registration processes, and home insurance.
Buying property in Egypt is a great investment, especially now when prices are low and the investment market is on the rise. The Egyptian government is
working to transform the country’s economy by lowering taxes and increasing the number of developing projects. The buying process is straightforward
once you have a capable lawyer, but takes many months to complete.
Having warm waters on two of its borders, warm weather year-round, and historical landmarks may be enough to bring visitors to Egypt. But buying
property requires a lot more, and fortunately for Egypt, it has that too. Sale prices are low, taxes are few, and there is a guaranteed profit return
on
both the rental and resale market. So how can you go wrong with Egypt?
Finding real estate agents in Egypt may not be as difficult as one might think, especially since there are only about two dozen real estate agencies to
choose from located all over Egypt. The role of real estate agents is to research the market, calculate the average purchase price, and negotiate the
best deals for the property you wish to purchase.
