What is important to know when buying, selling or renting real estate in Hurghada

What you need to know when buying, selling or renting real estate in Hurghada. Questions and answers.

We have collected our clients' frequent questions and will try to answer them. So:

Purchase of real estate

Can a foreigner buy real estate in Egypt?

Yes. The conditions for purchasing real estate in Egypt are the same for both Egyptians and foreign citizens.

What documents are required to purchase real estate in Egypt?

A valid passport and a valid visa.

What are the stages of the transaction?

Selection of the object, preparation of all documents for the property, transfer of the object. This process is described in detail in the article All about buying property in Egypt: a detailed guide

How long does the transaction take?

Usually 1-2 days.

What are the payment methods?

Payment is possible in cash or by bank transfer. The currency is discussed individually for each object.

Do I need an Egyptian bank account to purchase real estate?

There is no need to open an account.

Are there any taxes on real estate?

Yes, there is a small tax. It depends on the price of the apartment. It is paid once a year.

Is it possible to purchase real estate online?

Yes, it is possible. Please specify the details additionally.

Sale of real estate

What taxes and fees are paid when selling real estate?

When selling real estate, you need to pay the annual property tax and provide utility bills.

How to determine the price of a property in preparation for sale?

To do this, you need to study the market situation, take into account the location of the facility, its technical condition, infrastructure development and the level of customer interest.

Rental of real estate

What are the requirements for renting out housing?

It is necessary to agree on the terms of stay, draw up a contract, fix the amount and procedure for paying additional expenses (indicating the person responsible for the contract), make an insurance deposit and prepayment for the reservation.

What unforeseen expenses may arise during the rental process?

In addition to utilities, there may be repair costs in case of property damage, as well as an insurance deposit. Mandatory utility bills include electricity, water‑ and Internet services.

Do you help to rent out real estate?

Yes, our company takes over the management of real estate. Please specify the details additionally.

If you still have any questions, please contact us in any convenient way. Contacts

Other interesting articles in our blog:
Top 7 stores in Hurghada
Hurghada Districts
Why Hurghada is a Paradise for Living and Leisure
All about buying property in Egypt: a detailed guide
Apartment in a Residential Complex or a Regular House?
Taukil
All about the Green Contract
What is important to know when buying, selling or renting real estate in Hurghada
History of the city of Hurghada