Foreigners wishing to acquire real estate, especially in a new building in Egypt, are increasingly paying attention to projects located in the capital and surrounding areas, as well as in Alexandria and the main resort cities: Sharmel-Sheikh, Hurghada, etc. According to REALTING, most of them buy apartments and flats in new residential complexes.
Advantages of an apartment for sale in Egypt
Unlike the offers on the secondary market, all "primary" properties are of the same high quality: they are built taking into account modern housing requirements. All apartments, regardless of their cost, have loggias/terraces, a convenient layout, air conditioners, a large kitchen, an excellent level of natural light . They are often furnished and offer panoramic views from the windows. The residential complex must have a parking lot or underground garage, children's and sports grounds, flower beds. Pools, cafés, and spa centers are added to these advantages in premium residential complexes.
New buildings in Egypt are located next to all the necessary infrastructure — shops, restaurants, schools, and, in resort cities — next to the beaches. The presence of a closed protected area guarantees a high level of privacy. Itis important that apartments in modern housing complexes are easy to rent or sell if necessary.
What new buildings can you buy in Egypt?
Buyers are offered the following housing options in new buildings in Egypt:
- studios with an area of 40 sq.m;
- one- and two-room apartments with an area of 50-70 sq.m;
- apartments with 2-3 bedrooms with an area of 100-150 sq.m;
- luxury apartments and penthouses in premium residential complexes;
- villas located on the territory of closed elite settlements.
The price of studios and apartments may include full or partial furniture (bathroom, kitchen) and household appliances. In any case, the offered accommodation is fully ready to move in (i.e. with a fine finish) and equipped with air-conditioning. Owners of apartments get free access to the entire infrastructure of the residential complex: swimming pools, laundries, beaches, etc.
Prices of new buildings in Egypt
The purchase of apartments in new buildings in Egypt at low prices is quite realistic if we are talking about studios: their costs start at 20 thousand euros . A two-room apartment can be bought for 35-40 thousand euros, and a three-room apartment — for 60 thousand euros. Penthouses and apartments are more expensive — from 180-200 thousand euros . The most expensive option is a villa of 250-500 sq.m with its own swimming pool: you will have to pay at least 250 thousand euros for it.
If you would like to buy a villa, studio or apartment in a new building in Egypt, you can find suitable properties on realting.com. Keep in mind that it's still easy to find a new place for 20-25 thousand euros, but prices may increase in the future.