Buying property abroad can be a daunting experience, but Hurghada is one of the easiest and most accessible places in Egypt for foreigners to invest. Whether you’re looking for a vacation home, rental unit, or permanent residence, this step-by-step guide will walk you through the process of buying real estate in Hurghada as a non-Egyptian citizen.
Step 1: Define Your Goals and Budget
Start by identifying why you want to buy. Are you purchasing for lifestyle, investment, retirement, or a mix of all three? Determine your budget and preferred location, such as beachfront, city center, or residential neighborhoods like Al Ahyaa or Intercontinental.
Step 2: Choose a Trusted Real Estate Agency
Working with a reputable local agency like Al-Kayan Properties is essential. Our team provides access to vetted properties, price guidance, legal support, and honest advice throughout the process.
Step 3: Browse and Visit Properties
We’ll help you shortlist properties based on your preferences. You can either visit Hurghada in person or arrange virtual tours. We always recommend visiting before buying to experience the property and neighborhood firsthand.
Step 4: Reservation and Due Diligence
Once you choose a property, you’ll sign a reservation agreement and pay a small deposit to hold it. Our legal team then performs due diligence, checking ownership history, licenses, and registration status.
Step 5: Sales Agreement and Payment
When everything is verified, we draft a sales agreement. Payment terms depend on whether you’re buying a resale or off-plan unit. Many new developments offer installment plans, while resale properties typically require full payment.
Step 6: Contract Registration and Final Handover
After full payment, the property is officially transferred and registered in your name. If you’re buying off-plan, registration happens upon project completion. We stay by your side during handover to ensure all final details are delivered as promised.
Bonus Tip: Opening a Local Bank Account
Foreign buyers can open an Egyptian bank account to manage property payments, utilities, and future rental income. We assist with this process as part of our buyer support package.
Conclusion
Buying property in Hurghada as a foreigner is both secure and rewarding when done correctly. At Al-Kayan Properties, we ensure your buying journey is smooth, legal, and stress-free. Reach out to us today to start your property search in the Red Sea’s most promising destination.
(To be continued: Blog Posts 3 and 4 will follow in the next update.)
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