Extensive offers, easy design and low prices – These are the main advantages with which Egyptian real estate has been attracting foreign buyers for several years. Resort areas are wonderful not only for a quick journey, but also for year -round stay. There is truly affordable transport, low cost of the consumer basket and, of course, a favorable climate.
Alas, this industry also attracts many scammers, so if you need, for example, the rental of villas in Egypt, then it will be more advisable to call the company that has earned confidence in such transactions. Lawyers will check the property and collect all certificates. Laws provide that foreigners can reissue two objects. The legal commission for such a transaction is approximately three percent.
Resort Sharm El Sheikh occupies the territory on the Sinai Peninsula. Great beaches, fashionable entertainment complexes, many restaurants and bars will satisfy the most stringent taste. Characteristics of the property sold above any praise. Apartments and houses can be bought both rented and at the development period, which, of course, affects the price. If you are not going to live in Egypt all the time, then objects can be handed over to foreigners at very profitable prices. In addition, Mount Sinai is located here, which attracts many pilgrims from all sides.
Another Sinai peninsula – This is a vast paradise for Daver with a huge number of dive schools and appropriate stores. The stunning beauty of the underwater world will help to forget all minor problems.
To purchase luxurious villas, a foreign citizen is enough and a passport. This transaction is carried out in a couple of hours and is recorded in any notary. Prices for apartments and houses in this region are reinforced, so such investments are considered extremely promising. Even the reselling of villas in the near future will bring decent results. And if we accept that Egypt is one of the most progressive tourist markets, then the constant interest of rich Europeans in Egyptian real estate becomes obvious. Meanwhile, a foreigner can become the owner of not only an apartment, but also, for example, a chic hotel. And the local laws provide very convenient conditions for attracting foreign entrepreneurs to their state using a special tax system.
