Properties for sale in Cairo, Egypt in residential complexes
The residential real estate market in Cairo, Egypt, is generally doing well, despite the recent economic turmoil and a slight decline in prices. In addition, the population is growing rapidly, so the demand for property in Cairo, especially in new projects, is consistently high. Today, all property from developers in Cairo is commissioned in accordance with Egyptian standards, and customer reviews confirm its quality.
At the end of 2020, the government launched a digital real estate registration project. The technologies of European countries were taken as a basis. An increase in government subsidies and interest in boosting private investment, especially foreign investment, was announced. As in many other countries in 2020, the remote sale of property from developers in Cairo has become popular among foreigners. This method had been practiced before, but in the conditions of closed borders, this purchase option has gained particular importance.
When registering property ownership rights in Cairo, the personal presence of the buyer is not required. New residential projects in Egypt are being built in large numbers. Developers offer more and more property options and ensure higher quality of housing. So now is a great time to take advantage of the decrease in property prices in residential projects and buy housing in a new development in Cairo from a developer.
Investment property from developers in Cairo
Foreigners have the right to purchase apartments in new projects. In the African part of the country, where Hurghada is located, foreign investors are allowed to buy no more than two properties (the size of each property must not exceed 4,000 m²). But in Cairo and other cities in Egypt, there are areas of low-cost social housing where there are restrictions on sales to foreigners to prevent price gouging.
Buying an apartment in a new project in Egypt is an opportunity to live near the cleanest seas, the Red and Mediterranean, and enjoy the wonderful climate all year round. It is also a promising investment for generating rental income, especially in resort and tourist areas.
Prices from developers
Buying an apartment in Cairo is especially beneficial for foreign investors thanks to the depreciation of the local currency, which has almost halved in price. Currently, the lowest price per square meter for move-in ready option in Cairo is $2,500. Real estate in a new project is a great investment solution that will ensure you a stable rental income.
Check out the latest offers in new development projects at the prices from developers in the best neighborhoods in Cairo on our website.
Buying property in new development projects in Cairo
Are you planning to buy your first property in the capital of Egypt? You are at the right place. Our website offers the best housing deals from leading developers in Cairo. Here you will find the real-time prices and detailed property descriptions as well as comprehensive support from our specialists who will help you choose the right option that will match your goals.