El Gouna Real Estate ... 
  Should I rent or buy a property in El Gouna?
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El Gouna Real Estate Calculator
Finding a Home In El Gouna
If you plan to rent or buy a property in El Gouna, finding your property will be a major step in your relocation to El Gouna. If you have not lived in El Gouna, you should rent rather than buy your property in El Gouna, at least for six months. If you would like to rent or buy a real-estate property in El Gouna 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 El Gouna is the place you want to live or retire for the next few years, but also if El Gouna is suited for you.

Apartments & Houses in El Gouna
If you are planning on living in El Gouna, 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 El Gouna to point out the negatives of a place they’re trying to rent or sell you.

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

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

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

When selling a property in El Gouna, real-estate agents in El Gouna usually charge between 2.5% and 3% of the final sales price.
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After coming to an agreement on a rental or purchase, both parties in El Gouna sign the contract. However, it is not a legal agreement until the appropriate seals of the city of El Gouna 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 El Gouna will be affixed to the agreement.

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

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

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

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

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

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

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

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

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

The El Gouna 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 El Gouna.

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 El Gouna

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


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

  • El Gouna Office
    Traditional office or office type properties in El Gouna.


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


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

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