Egypt’s Mediterranean coast has also attracted a lot of interest and has huge potential for diving, sailing and beach holidays. Property prices in this area can still be as low as £20,000 for an off-plan, one-bed apartment. Off-plan purchases won’t always get you the very best locations, but the good news is that the price tends to shoot up once the property has been completed.
Negotiation is the norm when it comes to the selling price of anything and everything in Egypt. Once you’ve picked out a property, you’ll usually have to pay a holding deposit to take it off the market while the contracts are thrashed out. Real estate registration in Egypt is pretty baffling, so be sure you have a lawyer at hand to make sure the process is carried out without falling foul of the regulations.
