Q: Is it safe to live in Hurghada?
– The warm weather and friendly people maintain Hurghada as the most popular choice for Europeans who are looking to re-locate. Hurghada is the touristic center of the Red Sea Coast where you can enjoy the sun for 365 days a year as well as fresh fruits and vegetables throughout the whole season.
Q: How will I know that my property is safe when I am not there?
-For an additional charge we provide full rental service:
- Keyholding service: meaning that we will visit your property on a regular basis to make sure that everything is in order and by letting us know your arrival date we will ensure that the property is cleaned in prior and include some basic groceries within the property for you.
Q: How do I open bank account in Hurghada?
-The amount differs from bank to bank but the minimum amount you will require is 5,000 L.E. (Egyptian pounds).
Q: What is “Due Diligence”? Why do I need it ?
-Due Diligence is a legal procedure carried out to protect you as a buyer. It takes into account besides other things, the financial and legal aspects of a property ensuring that you actually get what you think you are getting.
Q: Will I own the property 100% ?
–Yes, as most developments in Hurghada are “Freehold” which means that you own your property 100% and own the piece of land too. While in other areas of Egypt many properties are sold as “Leasehold” meaning you only own your property for the time specified by the “leasehold” terms.
Q: How will I understand the contract ?
-The contract will be written in Arabic and English or may be written in Arabic and the language of your choice.
Q: How do I find a lawyer ?
-Our team has trusted and tested lawyers who will assist you through the legalities of the buying process of the property in Egypt.
Q: Should I buy or continue to rent ?
Buying a home can be a very solid investment. This being said, renting can also be a better option for some, depending on the circumstances.