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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Port Said 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 Port Said.

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 Port Said

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


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

  • Port Said Office
    Traditional office or office type properties in Port Said.


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


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

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