How to Buy Property in Egypt as a Foreigner – 2025 Guide
Egypt’s real estate market continues to attract foreign investors and residents looking to purchase vacation homes or investment properties. However, buying property as a foreigner in Egypt requires understanding specific legal procedures and conditions. This 2025 guide outlines the key steps, restrictions, and practical tips for foreigners buying property in Egypt.
Can Foreigners Buy Property in Egypt?
- Yes, foreigners can buy property in Egypt under specific conditions regulated by Egyptian law.
- Foreigners are allowed to own up to two properties in Egypt, each not exceeding 4,000 square meters, and the properties must be used for residential purposes.
- Foreign owners are generally not permitted to sell the property before five years unless special approval is obtained.
- Learn more: Egypt Real Estate Investment Insights
Legal Requirements for Foreign Buyers
- Submit a purchase request to the Ministry of Justice for approval.
- Ensure the property has a clear title and is registered with the Real Estate Registration Office.
- Foreign buyers must pay the full purchase price in foreign currency transferred through an Egyptian bank.
- Contracts must be legalized at the Egyptian Ministry of Foreign Affairs for documentation.
- Read: Legal Checklist for Buying Property in Egypt
Best Places for Foreigners to Buy Property in Egypt
- Cairo and New Cairo: Popular for business and long-term residency.
- Red Sea Destinations (Hurghada, El Gouna, Sharm El Sheikh): Attractive for vacation homes and rental investments.
- Alexandria: Offers coastal living with city amenities.
- Explore: Best Places to Buy Property in Egypt
Costs Involved in Buying Property as a Foreigner
- Property price and payment of the full amount via a local bank.
- Registration fees (around 3% of the property value) and legal fees.
- Potential service charges in compounds or resorts.
- Annual property taxes applicable to owned properties.
Tips for Foreign Property Buyers in Egypt
- Work with a licensed real estate agent familiar with foreign transactions.
- Hire a local lawyer to review contracts and conduct due diligence.
- Check for any restrictions in specific areas, particularly near strategic or military zones.
- Retain copies of all documents and receipts related to your purchase.
- Learn more: Egypt Property Investment Tips
FAQ – Buying Property in Egypt as a Foreigner
- Can foreigners get a mortgage in Egypt? It is rare, as most banks require proof of local income, so cash purchases are more common.
- Is it safe to buy property in Egypt as a foreigner? Yes, if you follow legal procedures, verify titles, and work with reputable professionals.
- Can foreigners rent out their properties in Egypt? Yes, rental income is permitted and subject to applicable taxes.
Conclusion
Buying property in Egypt as a foreigner can be a rewarding investment and lifestyle choice when handled correctly. By understanding the legal process, working with professionals, and conducting proper due diligence, you can confidently purchase and manage property in Egypt in 2025.
