Prime Minister of Egypt proposes to offer real estate in Egypt in USD – Opinion

Last Thursday, 23rd of November the Prime Minister of Egypt discussed initiative of selling real estate in Egypt in USD The proposal seeks: Source: https://www.egypttoday.com/Article/3/128716/Madbouly-proposes-initiative-to-offer-real-estate-sales-in-USD My question is, “How will it increase a number of expats and foreigners investing in Egypt real estate?” Anyone coming from abroad always has had an option to pay in […]

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Bank account in egypt

How to open a bank account in Egypt?

As a rule, to open a bank account in Egypt the foreigner should provide the following documents: In case you would like to inquire a cheque book, or apply for the bank deposit certificate the bank will require to confirm your residence in Egypt. It can be residential visa, rental contract verified in notarial office […]

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Who will manage your property in Hurghada?

“I want to buy a property in Hurghada as investment, but I don’t live there. How can I manage my property in distance?” Such type of investment scheme is extremely popular in Egypt. The investors are buying houses here, but they never come or spend only few weeks or months in Egypt So, how do […]

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Sahl Hasheesh

Why it can be a good idea to buy apartment in Hurghada?

Hurghada is growing incredibly fast. Every year more and more new developments appear on the real estate map of Hurghada. It means that demand on the Red Sea properties from local and foreign customers is increasing. Below I featured 3 reasons, why Hurghada is a popular destination for foreign real estate investments First of all, […]

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