The need for a home and housing is a basic need and not a newly born thing. However, in light of the economic conditions and crises that the world is going through, such as the Russian-Ukrainian war and the rise of the dollar, talk about real estate prices has become controversial and experts have begun to discuss the indicators of the increase in real estate prices in Egypt and whether investing in real estate is the best choice now or not.
Owning a property for housing or investment is one of the fateful decisions that need to be thought and thought. Apartments are the most popular type of housing unit that the majority of housing seekers resort to. The apartments have many features that make them the most popular units in the real estate market.
In this article, we will discuss and show you the most important housing projects currently offered in the Egyptian market and their price index.
If you are interested in commercial and administrative projects, you can download the 2022 guide from here.
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What are the advantages and disadvantages of apartments?
The first step in the process of searching for an apartment that suits you is to start the search process early and not leave the task to the last moment. Some people think that the search for a housing unit is a quick process, but despite the availability of a huge number of real estate projects and residential units for sale, settling on a final apartment is not as easy.
Before you settle on any choice, you must first know the disadvantages and advantages that the apartment will provide you with. In the following points, we will try to summarize the disadvantages and advantages of the apartments.
Apartment advantages:
Saving money: Apartments are among the least expensive real estate units compared to others, such as villas, so you can invest or rent an apartment at reasonable and competitive prices. In addition, the maintenance expenses of the building are borne by all residents of the building, not only the owner of the apartment.
Security: If you are one of the people who care about the security element, then living in an apartment provides you with this feature, as you will find yourself among other people, and modern projects provide a security team and surveillance cameras inside the residential projects.
Social environment: Unlike stand-alone villas, living in an apartment allows you to get to know other people. You will always find neighbors with whom you can mix and your children will have a social life.
Disadvantages of apartments:
Limited privacy: With many of the advantages that apartments provide, such as social life, in return, it poses some challenges, such as privacy at times is limited, as a result of the residential apartments are usually opposite or next to each other, and this leads to a feeling of lack of privacy.
Space: Space is one of the challenging factors in apartments, especially in modern projects, when comparing apartments and housing in villas. It is not easy to find an apartment with a large space in a prime location and at reasonable prices, some requests must be waived.
Lack of green spaces: External facilities such as parks and playgrounds are among the most important services that families look for, but they are few in crowded residential areas. Therefore, you will find that real estate developers are keen to provide large green spaces in modern projects.
What are the characteristics of a good apartment?
Of course, the evaluation of the housing unit differs from one person to another, because this evaluation depends primarily on the preferences and needs of each person and each family.
Before buying a specific apartment, you should think carefully and ask yourself a set of questions, the most important of which are what specifications you want to have in the apartment, as well as you should search and investigate the accuracy and know what are the specifications of a good apartment, which will benefit you and save you effort during the inspection stage. Here are some things you can consider when looking for an apartment.
Location: Location is one of the most important factors that distinguish a housing unit. Owning a house in a prime location and a distinct geographical place saves you a lot of effort in transportation and facilitates the daily movement in your life.
Facilities and Services: Try to invest your money in an apartment close to the most important facilities that serve you, such as commercial areas, schools, and clinics, because the proximity of your residence to these services will make your stay easier and you will not think of moving from your residence.
Roads and Transportation: Make sure that the area in which you intend to live is easily accessible and has a network of roads and transportation to help you enter and exit the area.
Space and design: With all the advantages that can be available in the vicinity of your apartment, you should not ignore the interior space of the apartment and the way it is designed. You should not give up the design of an apartment that suits your needs. You will find yourself having to think about moving from it later if it is not suitable for you.
Before you invest and buy your apartment, you must make sure that it will suit you. This article will help you determine your goals. 5 tips to consider before buying your home.
Apartment types
The situation is no longer the same in the residential apartments. The housing units differed from their traditional form, and there are many types of apartments that provide different benefits to their residents and suit different needs. You just have to define your needs and choose from all the types available in the Egyptian real estate market.
Traditional apartments: apartments consisting of a specific number of rooms and located in buildings in the form of multiple floors. The division of the apartment spaces in these buildings is the same, and there is more than one apartment on the same floor. Apartments are the most common units in the majority of big cities and are highly requested by single families.
Duplexes: they are simply two-floor residential apartments connected by an internal staircase. These units are characterized by the fact that they take the form of villas from the inside because they consist of two floors, but the space remains smaller than the villas. The duplexes may be located within the residential buildings, not provided that they are independent. It is possible to have a private garden attached to the duplex, which gives the impression that you own your villa.
Penthouse: It is considered one of the most luxurious apartment units that offer a high level of luxury and privacy for its owners. Mostly it is on the last floor of high-rise buildings, in addition to the roof floor. The entire floor is dedicated to the penthouse, as there are no neighbors on the same floor. What distinguishes the penthouse is that it often provides a distinctive panoramic view to its residents, where the outer walls are all glass. Penthouses are among the most expensive apartments in the real estate market.
Studio: It is the smallest real estate unit. The studio space usually does not exceed 60 square meters, but it is considered one of the most popular real estate units that young people accept at the beginning of their lives. The studio consists of one bedroom and living space, an open plan kitchen, and a bathroom. Studio unit prices are often suitable for those with limited financial plans.
Triplex: It is similar to a duplex, but it consists of three floors or housing units on top of each other and connected from the inside, and it is possible to have an internal elevator. It is possible to exploit the triplex units by allocating a floor of them for rent or as an office, so you can own one property for housing and investment at the same time.
For more information about the types of housing units, you can read this article, the most famous types of real estate units in the Egyptian market.
Residential price index in Egypt 2022
The price component is the biggest factor influencing your decision to purchase your dream apartment. Therefore, you should always develop a suitable financial plan and you should set a clear budget before you start looking for an apartment. And you should also take into account that investing early in real estate and owning your home early is better because real estate prices are constantly increasing and the same unit that you want to own today may double in price after a few months.
Below we will show you an indicator of the price per square meter in apartments in various regions:
- New Cairo: The prices of apartments in New Cairo - Fifth Settlement average 12,500 pounds per square meter.
- Sheikh Zayed: The average price per square meter in apartments in Sheikh Zayed starts from 11,200 pounds.
- Administrative Capital: The average price per square meter for apartments in the New Capital ranges between 12,650 pounds.
- 6th of October: The average price per square meter on the 6th of October starts from 7,300 EGP.
Rent or Buy
On the way to owning your dream apartment, you are confused between renting and owning, and due to the high prices of apartments and residential real estate, the choice of rent remains a strong proposition. Of course, the decision depends on your circumstances and your financial decision, and both renting and owning provide you with a set of advantages but also represent a set of challenges. But we always advise you to make a plan to own the house you live in for the long term.
If you are hesitant to choose between renting and owning, you can read this article: Renting or buying? How do I make my decision? Get to know each of them in 4 points.
Nominations for residential projects in Egypt
You will certainly feel confused and distracted if you are an individual searching for an apartment alone, due to the variety of projects in the market, which are increasing daily, and you may have difficulty finding the right options for you. Now we will help to get to know a group of luxury residential projects that you can choose from.
The new capital
New Cairo
Sheikh Zayed
Also, learn through this article about residential projects in Sheikh Zayed and download the 2022 guide.
New Alamein
Social housing apartments
A large segment of Egyptians is interested in projects that are implemented and supervised by the Egyptian government, and among these projects is “housing for all Egyptians". These projects provide residential apartments of various sizes and offer them to suit the needs of all social classes, where you will find social housing, medium housing, and luxury housing.
If you are interested in knowing information about social housing projects, take a look at this article. Housing for All Egyptians is part of Egypt's vision to raise the standard of living for citizens.
You can always communicate directly with us In Inland and know the most accurate details about real estate projects, all you have to do is call this number 01003366453
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