The sociopolitical climate in Egypt has been tumultuous over the past few years. Ever since the revolution, which overthrew the regime of Hosni Mubarak, the country has experienced instability and uncertainty. Egypt has also been targeted frequently by terrorist organizations in the past. Post-revolutionary Egypt has experienced a resurgence in the past few years. Contrary to what many experts predicted, the real estate market has actually benefitted from the instability and uncertainty in the market.
If you’re an investor, now would be a great time to start buying real estate in Egypt. Even before the revolution took place in Egypt back in 2011, the real estate market was considered by many as one of the hottest investment sectors. Now, according to information released by the Ministry of Planning and International Cooperation, property growth rates actually increased to 15% in the build up to the revolution.
The Egypt real estate market did take a tumble after the revolution, as investors decided it was better to avoid purchasing property. However, five years down the line, the situation is changing. According to the figures revealed by regulatory authorities in Egypt, property investments rose by 30% in the first quarter of 2015. The property values in affluent neighborhoods of Cairo and Alexandria are on the rise as well. So, if you are interested in jumping into the real estate market in Egypt, now would be the perfect time. The market is growing rapidly by leaps and bounds, and now would be a great time to invest your money and make it grow.
Buying Property in Egypt
As with any foreign investments across the globe, you will need to do your research and make a prudent decision. The best option would be to talk to a local real estate agent. Consider what the real estate agent has to say about the property values in the city. It’s important to note that property values in different cities vary based on several factors. The neighborhood plays an important part in determining the price of property. Property values in affluent neighborhoods are obviously higher. If you don’t know much about investing in real estate, it would be best to take the advice of a realtor. You can also use online real estate websites in order to get an idea of property prices in Egypt.
Determining Your Real Estate Investment Strategy
The first step is to make a decision about your real estate investment strategy. Are you going to make long-term investments that are focused more on big gains, or are you looking to generate smaller gains over a shorter period of time? Your real estate investment strategy will actually play an important role in determining the properties you buy. It’s important that you make informed decisions about how much money you want to invest. The market is experiencing a period of volatility at the moment, which can prove to be an excellent opportunity for real estate investors.