The buying process in Turkey

Information for Buying Property in Egypt

 

Property prices in Egypt are significantly lower than in Europe, mainly due to low labor costs and construction materials. According to international marketing studies, real estate prices in this region are expected to rise by up to 100% or more in the coming years.

 

Egypt has long been one of the favorite tourist destinations for Czechs and Slovaks, mainly due to its excellent accessibility, year-round warm and sunny climate, fascinating historical monuments, stunning sea with crystal-clear water full of marine life, and, last but not least, attractive prices and low investment risks.

 

For those interested in purchasing or renting a property, we provide a comprehensive service, from selecting and viewing the property to assisting throughout the entire transaction process. We also offer complete legal services, handled by our experienced legal representatives.

 

Our Real Estate Offer

 

Our selection focuses primarily on coastal resorts in Hurghada and Sharm El Sheikh, which are among the most visited destinations by our clients. Properties in other locations such as Marsa Alam, Luxor, Cairo, Alexandria, and Aswan are not included in our portfolio due to low demand from buyers.

 

Why Invest in Egypt?

 

Foreign investors choose to buy real estate in Egypt for various reasons, with the most significant being:

• Year-round season with pleasant temperatures even during winter

• Very low property prices compared to Europe

• Lower cost of living compared to European countries

• Fast and easy accessibility (approx. 4-hour flight)

• Low airfare costs – round-trip flights from the Czech Republic to Hurghada start at €220 including taxes

 

How to Buy Property in Egypt?

 

Egyptian law is based on English and Islamic law, and the process of concluding a purchase contract is similar to that in the Czech Republic. Law No. 230 of 1996 allows foreigners to buy property in Egypt. All you need is a valid passport and financial means.

 

Property Ownership for Foreigners:

• A valid passport and visa are required to purchase property in Egypt

• According to Egyptian investment law, a foreigner may own a maximum of two plots of land up to 4,000 m² each. If the buyer owns or co-owns a company registered in Egypt, this restriction does not apply.

• A foreigner may own a maximum of four properties for personal and family use

• After purchasing a property, the owner can apply for a long-term residence visa for themselves and their family members (spouse and children). The visa is issued for six months and must be regularly renewed.

 

Types of Properties Available in Egypt

1. Beachfront Resorts – These resorts offer beautiful private beaches and are ideal for vacationing or generating income from rentals. In addition to beaches, they provide heated swimming pools, restaurants, bars, and shops. If you are looking for a great investment with rental potential, this is the best option.

2. Resorts Without Private Beaches – These are located in the second or third row from the coastline, making them cheaper. However, they do not have private beaches, so owners must use public beaches or pay for access to hotel beaches. These resorts are suitable for budget-conscious clients looking for a cheap seaside apartment for personal use or rental.

3. Apartment Buildings – These are residential buildings primarily occupied by locals. Buying an apartment in such a building is the cheapest option, but not suitable for tourism or short-term rentals.

4. Luxury Villas – These properties can be purchased in luxury resorts or villa districts. Buying a villa is always a good investment and offers premium seaside living. However, it is crucial to ensure property management services during your absence.

 

Property Size & Measurement Standards

 

In Egypt, property sizes are listed as Total Size, which includes shared spaces and land proportions. For example, an apartment labeled as 45 m² (Total Size) may have an actual living area of 36 m², with the remaining 9 m² representing shared spaces.

 

Property Prices & Considerations

 

When buying a property in Egypt, do not be misled by seemingly low prices. A low price often means hidden risks. While bargains exist, working with a trusted real estate agency is essential to avoid fraud.

 

Legal Services

 

Unfortunately, not all local lawyers are reliable. Some cases exist where clients were defrauded by their legal representatives. Never trust an unknown lawyer—always consult a verified legal expert. A common issue is that lawyers demand payment upfront for services they never deliver. To avoid this risk, rely on a trusted real estate agency with verified legal partners.

 

Taxes in Egypt

 

Based on our information, no general property tax is applied in Egypt. However, it is advisable to verify any tax obligations with the relevant authorities.

 

New Real Estate Law

 

A recent real estate law in the Czech Republic introduced new regulations requiring that only individuals with a valid trade license for “Real Estate Brokerage” can legally offer property sales. If this designation is not listed in the trade register, the activity is illegal.

 

Czech citizens living abroad are not exempt from following Czech laws. Any business targeting Czech consumers (including selling property from Egypt) requires a valid Czech business license. If the agent operates under an Egyptian company with a valid license, sales can only take place in Egypt, not in the Czech Republic.

 

Additionally, under new legal requirements, all real estate brokers must be insured against damages caused by their business activities.

 

Beware of Unlicensed Property Sellers in Egypt

 

One of the biggest risks in Egypt is the presence of unauthorized property sellers. Anyone—even without any licensing—can sell real estate. Often, foreign women who moved to Egypt and have limited work opportunities start offering properties in their native language to attract buyers. Clients may mistakenly believe they are dealing with professionalsand proceed with the purchase.

 

Unfortunately, inexperience and lack of knowledge often result in losing significant savings. This happens regularly, and every year, many people seek our help after experiencing such scams.

 

Before making a purchase, always verify:

✔ Does the agent have a valid business license?

✔ How long have they been in the industry?

✔ Do they have a physical office?

✔ Have they personally seen the properties they offer?

 

Some sellers have never even visited the properties and merely act as online advertisers.

 

Our Real Estate Agency Offers:

 

✔ Complete real estate services in the Czech Republic and Egypt

✔ Organization of property viewings

✔ Secure reservation process without requiring personal presence

✔ Contract signing options in the Czech Republic

✔ After-sales services and assistance with rental management

✔ Furniture and appliance installation

✔ Legal support and document verification services

 

⚠ Important Notice: If a client starts the property purchase process and later cancels, they are required to cover all services provided. Free services apply only to clients who complete their purchase.

 

Price Guarantee:

 

✅ 100% GUARANTEED LOWEST PRICES

 

Step-by-Step Buying Process in Hurghada

 

1️⃣ Initial Consultation (Free of Charge) – Get basic property information online.

2️⃣ On-Site Viewing – We arrange a tour with our representative.

3️⃣ Purchase Decision & Contract Signing – Either on-site or remotely after returning home.

4️⃣ Final Payment & Property Handover – The property is transferred in an agreed timeframe.

5️⃣ Secure Payment Processing – Transactions in CZK converted to EUR or USD through an accredited exchange service with VIP rates.