Aswan Real Estate ... 
  Should I rent or buy a property in Aswan?
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Aswan Real Estate Calculator
Finding a Home In Aswan
If you plan to rent or buy a property in Aswan, finding your property will be a major step in your relocation to Aswan. If you have not lived in Aswan, you should rent rather than buy your property in Aswan, at least for six months. If you would like to rent or buy a real-estate property in Aswan you may email us at webmaster@egypt-travel-guide.de with your real-estate questions.




It is the best way to know not only if Aswan is the place you want to live or retire for the next few years, but also if Aswan is suited for you.

Apartments & Houses in Aswan
If you are planning on living in Aswan, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don’t count on real-estate agents in Aswan to point out the negatives of a place they’re trying to rent or sell you.

Aswan Agencies
Real-estate agencies in Aswan advertise in local Aswan newspapers and as well on their office windows.

You should be able to notice a real estate agency in Aswan by the window full of ads for the different apartments or houses they have available for rent or sell in Aswan.

Before you begin working with an agency in Aswan, check that their fees are acceptable and that they are a member of the Aswan Real-estate Assocation. In most rental agreements in Aswan most agencies charge a month’s rent for a twelve-month rental agreement.

When selling a property in Aswan, real-estate agents in Aswan usually charge between 2.5% and 3% of the final sales price.
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Total estimated cost of renting a property in Aswan:€
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After coming to an agreement on a rental or purchase, both parties in Aswan sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Aswan with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Aswan will be affixed to the agreement.

Renting
Real estate agencies in Aswan are the safest way if you want to rent or buy a property in Aswan. Please make sure they are a licensed agent in Aswan and very familiar with the Aswan property market.

Local newspapers in Aswan also advertise apartments and houses for rent, but word of mouth is the best way in Aswan. If you are currently an academic in Aswan, you could check local at local universities in Aswan, where apartments or rooms for rent are commonly posted.

In general rental rates in Aswan, increase by a small percentage each year in accordance with the government’s annual cost of living reports in Aswan. You can find yearly leases in Aswan, and more short-term housing is available near academic institutes or around tourism areas within Aswan.

Short-term tourist housing in Aswan is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Aswan.

If you want to buy a property in Aswan, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Aswan to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Aswan.

If you are buying a brand new property, you’ll need to pay property tax in Aswan. If your purchase is a luxury property, you may have to pay local taxes in Aswan and possible stamp duty.

Even as a non-resident homeowner in Aswan, you may become liable for all kind of taxes in Aswan, including income tax.

Aswan Mortgages
If you plan to take a mortgage in Aswan you need at least a 20% downpayment of the purchase price of the property in Aswan. Even if you generate rental-income from renting your Aswan property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Aswan Real Estate calculator will help you to compare the costs of renting a house or condo in Aswan to the costs of buying a house or condo in Aswan. Since there are all kinds of forces at work behind the scenes such as the current interest in Aswan, Aswan property taxes, tax savings, appreciation in general to investments in Aswan, comparing the cost of renting to the cost of buying in Aswan is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Aswan Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Aswan.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Aswan

  • Aswan Multi-Family
    Traditional, multi-family residential complexes located in Aswan and suburban markets of Aswan.


  • Aswan Mixed-Use
    Properties in Aswan that integrate and combine residential with different uses, including retail and office spaces.

  • Aswan Office
    Traditional office or office type properties in Aswan.


  • Aswan Retail
    Properties in Aswan with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Aswan.


  • Aswan Light Industrial
    Single- or multi-tenanted spaces in Aswan used for warehouse, manufacturing, distribution, or research and development in Aswan.

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