Introduction
Egypt’s real estate market is open to foreign investors, with attractive property prices and strong rental yields. If you’re considering buying a property in Egypt, this guide covers everything you need to know.
Can Foreigners Buy Property in Egypt?
Yes! Foreigners can buy real estate in Egypt, but there are some regulations:
- They can own up to two properties in Egypt, not exceeding 4,000 sqm.
- Properties should be for residential purposes.
- Some areas, like Sinai, require special approvals for foreign ownership.
Popular Areas for Foreign Buyers
- Cairo (New Cairo, Zamalek, Maadi) – Ideal for expatriates and long-term residents.
- The North Coast (Sahel) – Luxury beachfront properties with high rental returns.
- Hurghada & Sharm El Sheikh – Foreigners can easily buy resort-style properties here.
Buying Process in Egypt
- Choose the Property – Work with a reputable real estate agency.
- Legal Check – Ensure the property has clear ownership and no legal disputes.
- Sign a Preliminary Agreement – A deposit (usually 10%-30%) is required.
- Obtain Approval from the Ministry of Justice – Foreign buyers need official approval, which takes a few months.
- Register the Property – Once approved, register the property at the Notary Office.
Payment & Financing Options
- Most property purchases in Egypt are cash-based, but some developers offer installment plans.
- Foreigners may find it difficult to obtain local mortgages, so financing should be arranged beforehand.
Conclusion
Buying property in Egypt as a foreigner is a great investment, but understanding the regulations and legal process is essential. By working with trusted professionals, you can safely own real estate in Egypt.