Real estate

egypts real estate

egypts real estate

Egypts Real Estate Sector Really Worth Investing in Oh how I love a question that’s so easy to answer…is Egypt’s real estate sector really worth investing in?

Too right it is!



There are so many positive aspects of the property market in Egypt that make the entire sector an exciting place to be right now that anyone serious about venturing into an emerging overseas real estate market should be focused on Egypt for at least the medium term.

 

First things first let’s remove the confusion – Egypt is not a country plagued by terrorism, drought or famine – it’s a stunningly beautiful, ancient and interesting country with a coastline that is brushed and caressed by both the Mediterranean and Red seas.

 

It is also one of the most exciting and exotic countries in closest proximity to Europe giving investors a massive potential tourist audience to target;

egypts real estate
egypts real estate

it is also a country that can genuinely boast year round sunshine on its Red Sea Riviera which means it offers investors year round potential for profit.

 

If these are not reasons enough alone for a property investor to get curious about Egypt, how about the fact that Dubai based mega property developers Emaar have just committed millions of dollars to the Egyptian residential real estate market place in Cairo?

 

Or what about the fact that the Egyptian government have slashed property related taxation costs to make the whole process of owning real estate in Egypt that much more affordable for more people?

egypts real estate
egypts real estate

You can add to this the fact that inward foreign direct investment into Egypt is at an all time high, the country is receiving higher annual visitor intake than ever before and the country is enjoying its best relationships with Western governments in documented history if you like.

 

Furthermore the amount of investment and economic confidence in Egypt is opening up a wealthy and growing middle class sector who are keen to afford property for sale and rent in Cairo and Alexandria in particular,

 

and this gives an investor a local resale market to target in the medium term which further boosts the long term potential of an investment made into the real estate sector which is currently dominated by the tourism market.

 

It’s a fact that the highest rental incomes achievable for a real estate investor in Egypt right now are from tourist friendly properties along the Red Sea and Mediterranean coastlines

 

– properties that are well located and facilitated are most in demand from the tourism market looking for short term lets. But there’s also a growing retirement market

 

in Egypt that’s attracting great attention and giving real estate investors another potential revenue stream to explore.

 

Egypt really is the place to be for real estate investors looking for immediate income and medium to long term capital growth and resale potential

 

– and because the property buying process for foreigners in Egypt has become more affordable and more transparent in very recent years, the numbers of investors examining the market and exploring its possibilities is set to rise and rise.

 

Real estate management

Real estate management firms – making life easier

Real estate investment can happen for various reasons.You could invest in real estate because you need a house for yourself (that house of your dreams that you so badly want). You could use real estate as a means for supplementing your income either

 

by buying at a lower price and selling at a higher price or by letting it out. Sometimes you might buy a property for the purpose of resale but might want to wait for a few years before you actually sell it.

 

In such a case, again it would make sense to rent out the property and earn some money till you actually decide to sell it off.

 

Whatever the reason, letting out real estate demands real estate management and real estate management is not an easy job for everyone.

 

In fact, a lot of people find it so much of a hassle that they prefer keeping their property vacant instead of letting it.

 

Real estate management demands time, which you will rarely have. Real estate management is not just about finding tenants and collecting rent from them.

 

Real estate management is also about ensuring that you do all the duties that a landlord/landlady is required to do.

 

Real estate management is about verifying the credentials of the tenants before you actually let out your property to them.

 

Real estate management is about ensuring that all the paper work is complete and correct i.e. the tenancy agreement etc are properly done.

 

Real estate management also requires you to do repairs as and when required. Real estate management activities also include maintenance, painting, polishing etc of the house when the tenants move out and before the new tenants get in.



So, really, real estate management is not that easy a job for someone who is in a full time job. However, there is a solution to this and that is hiring a real estate management firm to do all these activities on your behalf.

 

Yes, this will mean that what you receive as an income by letting your property will be reduced (due to the commission/ fee charged by the real estate management firm).

 

But that is just a small price for the convenience that a real estate management firm brings to you. However, it’s important that you choose the real estate management firm carefully.

 

There are all kinds of real estate management firms out there (good and bad). You must check the references of the real estate management firm before you actually hire them for the job.

 

A good real estate management firm will not only keep your property occupied at all times but will also ensure that you always receive the rent in time and without any hassle.

 

Real estate investment

Real estate investment is about finding good deals

Real estate investments are often treated as one the best ways of investing money. However, what you are looking for is not just any real

 

estate investment, but real estate investment that can give you good returns. By real estate investment we mean investing money into property i.e.

 

buying property at a low price and selling it at a higher price so as to make a profit out of it. So the most important part of good real estate investment is to get hold of such properties which can give you good returns.

 

Now, how can you get these potential profit-making deals?
Your first avenue for finding good deals is the local newspaper

 

(the property newspaper). Just search for properties that are listed directly by the owners who want to avoid paying commission to the real estate brokers.

 

Since the owner is saving on the commission that they would otherwise have to pay to the broker, they would probably be able to offer a lower price to you and be more open to negotiations. You could also place your own ‘wanted’ ad in the local newspapers.

 

On the same lines, you could use internet to search for the real estate investment avenues. In fact, you would be astonished by the number of real estate investment opportunities you are able to locate on the internet. Not only that, searching for real estate investment opportunities

 

(i.e. property for sale) is much easier on internet than anywhere else.
Another good way to hunt for real estate investment opportunities is by using the services of real estate brokers.

Some people use real estate agents as their first (and maybe the only) touch point for getting real estate investment opportunities.

 

The real estate agents act as information hub for people looking to buy property. In fact, a lot of sellers find it much more convenient to sell their properties by listing it with real estate agents.

 

Multiple listings service is another good way to find real estate investment opportunities. Since the multiple listing book is provided only to the real estate agents and not to the general public (unless you are very lucky), all the cream

 

(good real estate investment opportunities) would have already been taken before you get to see the book. The key here is to look for expired listings that didn’t get converted to a deal.

 

Another good way to get a property, that is a good real estate investment, is to look for foreclosures by banks/ VA/ FHA or to visit public auctions.

 

You can generally get a good deal here. Divorce settlements are another good real estate investment opportunity.

 

So, real estate investment is really about finding good deals. And finding good deals does take some effort



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