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

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

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

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

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

When selling a property in Luxor, real-estate agents in Luxor usually charge between 2.5% and 3% of the final sales price.
Monthly rent Luxor:€
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Interest rate you expect to earn on savings in Luxor:  %
Expected percentage your Luxor home will appreciate by each year:  %
Number of years you will stay in Luxor:#
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Total estimated cost of renting a property in Luxor:€
Total estimated cost of buying a property in Luxor:€
After coming to an agreement on a rental or purchase, both parties in Luxor sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Luxor 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 Luxor will be affixed to the agreement.

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

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

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

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

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

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

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

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

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

The Luxor 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 Luxor.

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 Luxor

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


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

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


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


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

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