Can I buy property in Hurghada with installments?
Yes, most property developers in Hurghada offer flexible installment plans, making property investment accessible without paying the full amount upfront. Typical Payment Plans: Down payment 10-30% of property price. Installment period 3-7 years. Monthly payments are interest-free with most developers. Some developers require 30-50% by the delivery date. Example Payment Scenario: For a 50,000 EUR apartment with 15% down and 6-year installments, the down payment is 7,500 EUR and monthly installments are approximately 590 EUR per month for 72 months. Paying cash often secures a 5-15% discount. If you have the funds, cash purchase gives the best value. However, installment plans allow you to enter the market with minimal capital and potentially earn rental income while still paying off the property. Important Considerations: Always verify payment terms in the contract before signing. Ensure the developer has proper licenses and building permits. Ask about penalty clauses for late payments. Some resale properties also offer installment options through the developer. Installment plans make Hurghada property accessible from as little as 2,500-7,500 EUR down. Contact MAMO Property at +20 11 52980998 to explore current payment plans.
