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

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

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

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

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

When selling a property in Hurghada, real-estate agents in Hurghada 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 Hurghada sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Hurghada 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 Hurghada will be affixed to the agreement.

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

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

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

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

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

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

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

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

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

The Hurghada 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 Hurghada.

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 Hurghada

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


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

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


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


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

Hurghada Real Estate - Cairo Real Estate - Aswan Real Estate - Giza Real Estate - Sinai Real Estate - Alexandria Real Estate - Sharm El Sheikh Real Estate - Port Said Real Estate - Dahab Real Estate - Nuweiba Real Estate - Luxor Real Estate - Taba Real Estate - El Gouna Real Estate

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