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10 Tips for Buying Property in Hurghada

10 Tips for Buying Property in Hurghada

Among the most popular beach destinations in the Arab world, the Egyptian Red Sea resort of Hurghada is a top spot for holiday makers from all over the world. Home to gorgeous sandy beaches, world-class hotels, and a thriving nightlife scene, the city of Hurghada is an ideal spot for people looking for a great property investment. With properties in Hurghada offered by a wide range of developers, from low-budget options to premium real estate developers, this coastal city offers a diverse range of properties with different features and prices. Here are 10 key tips for buying property in Hurghada.

Understand the market

There are many property options available in Hurghada, so its important to understand what they are. Speak to your agent in Hurghada to get a feel of what the market has to offer. Consider the different options available to you, from apartments in small residential buildings in Hurghada, to villas in gated resorts.

Know the features you need

When it comes to searching for a property in Hurghada, you need to keep a few things in mind. First and foremost, you need to find a property that meets your requirements. The right property for you can vary based on your lifestyle, so it’s important to understand what you want in a property. You also need to understand the features that you will be looking for from a property. This includes things like the property’s location, size, and price. If you are unsure about the features you are looking for, then call us to discuss your options.

Research different options

Once you understand the risks and potential rewards involved in buying property in Hurghada, it’s important to do your due diligence and research a few options. This will help you find the right property for your needs and budget. You can start your research by looking at property listings in different parts of Hurghada. Consult a reputable agent in Hurghada like Sun Homes Overseas Ltd  and look at property listings online. When you are looking at properties, it’s also important to understand the features you are looking for. This includes things like the location of the property, the size of the property, and the price.

Set a budget

Before you start looking for properties in Hurghada, it’s important to know your budget. Bear in mind that there will be additional expenses such as furnishing your property and annual maintenance fees to budget for.

Check the area

Hurghada offers a large area with many different property options. From Soma Bay and up to El Gouna, Hurghada spans over 80kms, so its important to research the different areas.  The main areas where properties are available are Hurghada centre, Arabia, El Kawser, Intercontinental, Al Helal, Magawish, Al Ahyaa, Makadi, El Gouna & Sahl Hasheesh. Each area has its own benefits so its worth knowing where you want to be.

Know the risks

Before you start looking for properties in Hurghada, it’s important to understand the risks involved in this type of investment. This includes risks such as off-plan developments not being completed on time, as well as the risk of not being able to buy or sell the property for a profit if you sell at the wrong time. While these are both common challenges with real estate investments, you can minimize their impact by doing your research and following some tips.

Be aware of maintenance fees

Do your research on maintenance. Many properties in Hurghada carry high maintenance fees. If you do not end up using your property in Hurghada as much as you had planned, then these could be a burden for you.

Find a local agent

When buying property in Hurghada, you should use a local real estate agent with a solid reputation. This can help you navigate the local market and find the right property for your needs. It can also help you understand the features and purchase a property that meets your requirements and budget. Sun Homes Overseas has been established in Hurghada since 2006, with a great local experience, bi-lingual staff, and great previous customer feedback.

Get a reputable lawyer.

Once you find a property in Hurghada, then its time to buy it in a legal matter. The lawyer is the most important aspect of the purchase, because they are the ones who will ensure your property is legitimate, clear of debts and is registered correctly in your name.

 

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