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Investgo Llc
UNIT X Real Estate
iL D’ORO Real EstateProperty in Egypt
The offering for properties in Egypt for investment is diverse, ranging from luxury villas on the Red Sea coast to modern flats in Cairo and Alexandria. Buyers can choose from small studios and one-bedroom apartments, which are particularly popular with tourists, or invest in premium accommodation such as luxury villas. To make the right choice when purchasing property for investment, potential buyers should do their due diligence, taking into account factors such as the location of the property, the legal integrity of the documents and the reputation of the developer (when investing in new-builds). Working with a reputable agency or legal advisor will facilitate the purchase process by ensuring compliance with the law.
Reasons for investing in property in Egypt
Investing in Egyptian houses and flats has a host of benefits, including potential growth in value and rental yields. The main reasons to invest in the country are:
- Market growth. The market is booming, with experts estimating that the country's housing sector will grow from USD 20.02 bn to USD 33.67 bn between 2024 and 2029, an annual rate of 10.96%. This growth is driven by an increasing demand for housing, especially in the capital city.
- A wide range of property options. Egypt offers a wide range of investment opportunities, from luxury beach properties to modern urban flats. The market caters to the different needs and budgets of investors. Property developers are launching new projects that meet modern construction standards. In Cairo alone, some 23,000 housing units will be built in 2023, an increase of 27.8% over the previous year.
- Rental yields. The average rental yield in the country as of Q1 2024 is 5.9% per annum but can be as high as 13% in certain locations.
- Government initiatives. Measures aimed at encouraging foreign investment include residency programmes for property purchases, simplification of the property registration process and tax incentives.
- Strategic location. The country's favourable location between the two seas, the Red Sea and the Mediterranean, combined with its rich cultural heritage and tourist attractions increases the investment attractiveness of the market.
Market growth, a high volume of projects, high rental yields, various investment opportunities, effective government initiatives and strategic location all make investing in the country a good option for those seeking capital preservation and a stable passive income.
Buying real estate in Egypt
Investing in apartments in Egypt is becoming more and more affordable, thanks in large part to the development of digital platforms. Our aggregator, with its intuitive interface and flexible filter system, makes finding the perfect property easy and hassle-free. Whether it's a luxury villa in Hurghada or a modern housing in the capital, the online platform guarantees a wide range of offers. Browse through the catalogue and choose the option that best suits your needs.
