If you are thinking about having a new property, but still have many questions, 2023 could be your year to make the right decision. Inland is here to help you have the answers to your questions and provide you with a guide to decide your next move. The real estate market offers a variety of opportunities for both locals and foreigners. Because of the stable economy, affordable prices, and high-quality development, Egypt offers promising options.
What is the current state of the real estate market in Egypt?
The real estate market has shown stability and a strong potential despite global and local economic crises. It is considered in high demand thanks to the government’s efforts. The real estate market is a success because of the presence of professional real estate developers delivering luxurious and exceptional properties. It’s expected that the real estate market will achieve higher profits. You can know more details about the state and price of real estate in 2023 through our weekly article.
What are the best areas for real estate purchase or investment?
The best locations to buy or invest in depend on many factors such as accessibility, facilities and amenities, and purpose. The new cities are gaining popularity for their livability and affordable prices compared to other cities that are mostly crowded. If you’re looking to make an investment in real estate, we suggest you read our article that includes everything you need to know about real estate investment.
Are there any home loans or mortgage options available for property buyers?
Many Banks do provide you with mortgage loans once you apply with the required documents. Also, most developers now offer flexible installment plans to make it much easier for you to buy a property.
What are the potential risks involved in buying new homes?
The risks could include inability to have easy cash on demand unless you’re renting your property. With real estate investments, considering the location and developer is a wise decision to avoid any legal issue.
What are the real estate development projects in the desired area?
The rise of reputable developers makes the choices vary. Whether you’re looking for residential or commercial units, you’ll find a variety of options to choose from. Here are some of our featured projects:
- Greya New Cairo
- West Leaves Sheikh Zayed
- Al Maqsed New Capital
- Salt North Coast
- Nord New Alamein
- Majesty Bay Ain Sokhna
You can also check our featured and top searched projects.
What are the essential amenities and services to look for?
When you are choosing your unit, make sure it’s close to schools, hospitals, shopping centers, public transportation, and other facilities. The best projects are usually located on major axis or highways to make access to other parts of the city an easy task.
Is it better to buy properties built by a reputable developer?
A developer's reputation and construction’s quality are crucial factors to consider when you are buying a new home. The more reputation a developer has, the more value the property has.
What are the cities expected to be the future of urban life?
If you are interested in the long-term potential of the location, here are some cities expected to be the most popular:
What are the additional costs associated with buying a new home?
Besides the property price, you may want to understand that there might be some associated costs, such as maintenance fees or community charges.
Are there any special offers, discounts, or payment plans available now?
Inland gives you a variety of offers as well as flexible payment plans. Call us now on 01003366453 to know the latest offers based on your needs.
Is it better to buy a fully finished property or under-construction one?
The answer depends on your needs as each option has advantages and disadvantages. For the fully finished properties, you can have a ready-to-move place however, the prices can be high. For the under-construction properties, you can have a perfect property at an amazing price, but you will have to wait for its delivery date.
How can I get the best deal when buying a new home?
First, you have to decide the location of the property and then you can look for the payment plans with flexible installments.
What are the steps involved in the property buying process?
Buying a property is more simple than you think, you just have to do your search and then:
- Decide on the amount you want to spend on a property
- Contact one of our real estate agents
- Inspect the property you’re interested in
- Sign the purchase contract
- Become a homeowner
What could be the next step after owning a property?
If you don’t get your property fully-finished, you’ll probably have to deal with service providers to do so. You’ll also need to furnish your new property. When is the best time to buy a property? It’s preferred to buy a property now as it would be the best time to buy with relaxed payment terms. Timing is key, and you should buy your new property before any further price increases.
What are some of the tips to consider when buying a property?
If you're buying a property for investment, the most important things to consider are the location and the community. Some locations, like Katameya Heights in Egypt, have seen significant growth in property values over the years. Choosing the right location can lead to excellent returns on investment.
However, if you’re buying a property for personal use, the most important thing is to feel at home with like-minded neighbors who also play a role in this decision.
In conclusion, real estate prices tend to increase, serving as a secure investment against inflation and a desirable option for people seeking a higher quality of life. While short-term gains or losses might occur, they tend to balance out in the long term. You can always ask our consultants for professional advice to get you the best value.
