What prospects does the Egyptian real estate market hold for Russian investors?

The revival of Egypt's popularity

In recent years, Egypt has regained popularity, becoming one of the most attractive vacation destinations, especially among Russians. This country can be discussed from various angles, taking into account different aspects such as the real estate market and the specifics of the economy. Russian tourists traditionally choose the "three pillars" of vacation: Turkey, Bulgaria, and Egypt. While the situations in the first two countries are actively discussed, Egypt deserves more detailed attention.

Resumption of air travel

After a series of complex events, including a military coup and a plane crash in Sinai, Russian flights to Egypt were temporarily suspended. However, at the beginning of this year, flights between Moscow and Cairo resumed. At a recent meeting between the presidents of the two countries, it was announced that charter flights to key resorts would be fully restored, which instills hope for an increase in tourist traffic.

State of the real estate market

With the current changes in the tourism sector, it's worth paying attention to the state of the real estate market in Egypt. The conditions for purchasing property here seem very attractive. Prices per square meter remain low, and the entry threshold for investors is significantly lower than, for example, in Bulgaria. This certainly piques the interest of potential buyers.

Long summer season

The summer season in Egypt is longer compared to Europe. Even in winter, you can enjoy a vacation at your cottage by the Red Sea. Despite all the challenges the country has faced in recent years, the requirements for property owners have hardly changed, andHousing prices have remained stable.This creates conditions for confidence in investments in already acquired assets.

Housing prices in Hurghada

For example, in Hurghada, the starting prices for real estate begin at10,000 eurosa noticeable psychological boundary that attracts attention. Additionally, there is an option to purchase housing in installments without any extra interest. If you consider less popular areas, such as El-Ahyaa, you can find great options at lower prices. On average, the cost per square meter in Hurghada is about400-500 dollars.

Real estate in Sharm El Sheikh

Sharm El Sheikh, as another popular destination, offers a variety of real estate options. Housing prices here depend on the distance to the coastline, and on the first line, they usually range from50 to 70,000 dollarsFor those looking to quickly sell their property, there will always be options with discounts.

Unique opportunities for investors

Thus, the revival of tourism connections, positive changes in the real estate market, and stable prices create unique conditions for investors and vacation enthusiasts in Egypt.

The investment attractiveness of Sharm El Sheikh

Unlike the city of Hurghada, Sharm El Sheikh does not boast the same level of interest from foreign investors, which is largely explained by restrictions on property ownership. Foreign citizens can only acquire real estate through long-term contracts, which can currently last a maximum of 49 years, whereas previously this period could extend up to 99 years.

Political and economic stability

In recent years, positive changes have been observed in Egypt, especially in the political and economic spheres. With the appointment of Abdel Fattah Khalil el-Sisi as president, stability has been established in the country, which has had a beneficial effect on the real estate market. Currently, this sector is actively developing.

Growth of the tourism industry

The tourism industry is also showing growth.

• The new airport in Hurghada is increasing the number of flights.
• Local hotels are filling up at a high rate.

Government measures to ensure safety make tourist destinations more reliable and attractive to visit.

Reliability of transactions in the real estate market

Real estate experts confidently note that transactions carried out with verified developers have a high degree of reliability.Experienced real estate agencies and lawyersable to suggest suitable proposals that meet the clients' requirements.

Recently, new players with interesting developments have started to emerge in the market, but professionals advise being particularly cautious when selecting properties that are still under construction, especially in the next two years.

The role of a realtor in real estate transactions

In the process of a transaction, the role of the realtor representing the interests of their clients is crucial. In such circumstances, it is critically important to have a professional by your side who can properly handle all the necessary paperwork and reduce potential risks.

Thanks to the active construction in the real estate market, you can find both attractive offers and less successful projects. That is why collaboration withan experienced specialistWhen choosing housing, it significantly reduces the chances of encountering unpleasant situations.

Advantages of living in Egypt

When it comes to life in Egypt, its advantages are undeniable. It is a popular destination for tourists, featuring:

• Warm climate
• Picturesque sea
• Rich culture
• Affordable prices for basic goods and services

Bright fruits and vegetables can be purchased at quite reasonable prices. However, despite all the positive aspects, newcomers in the eastern region may encounter issues related to infrastructure development and maintaining cleanliness.

For example, in some areas of Hurghada, the issue of cleanliness remains relevant, so it is strongly recommended to assess the conditions and quality of life in the chosen area in advance.

Conclusion

Ultimately, investing in real estate in Egypt seems like a sensible financial move for those looking to invest their money abroad, even without having large capital. This opportunity will be especially relevant for those who spend a lot of time vacationing in this country and dream ofown housingin this tropical paradise.

Conclusion

In conclusion to our article, I would like to emphasize that the real estate market in Egypt truly offers enticing prospects for anyone considering an investment. The return of stability to the land of the pharaohs, the recovering flow of tourists, and attractive housing prices make Egypt one of the most interesting destinations for investment. Given the long-standing tradition of Russians vacationing in this sunny region, purchasing property here can be not only a practical decision but also an opportunity to create a cozy retreat for holidays.

It is worth noting that, despite some drawbacks related to infrastructure and living conditions, the advantages of this region speak for themselves.Warm climate,magnificent coastlinesandrich historyThey attract tourists and new residents, creating favorable conditions for future real estate price growth.

Nevertheless, as with any other investment process, it is important to exercise caution and prudence.Quality market analysis,help from professionalsandawareness of all the nuances of purchasesThey will help avoid unpleasant situations and make the right choice. After all, it's not just about the property itself, but also about the quality of life you want to have at your foreign vacation home.

Advantages of living in Egypt

• Warm climate all year round.
• The picturesque coastline of the Red Sea.
• Affordable housing prices.
• Rich cultural heritage and history.
• Low cost of living.

So, Egypt, like any other destination, has its own characteristics that need to be taken into account. However, if you approach the process with an open mind and a willingness to learn about local traditions and realities, this country can offer you much more than just accommodation by the sea. Everyone can find something for themselves here, whether it's potential profit from investments or a place for an unparalleled vacation.