Understanding the full cost of buying property in Egypt is essential for international investors. This guide breaks down every fee, tax, and cost involved in purchasing property in Hurghada.
Complete Costs Breakdown
| Cost Item | Percentage/Amount | Example ($50,000 property) | When Paid |
|---|---|---|---|
| Property Price | 100% | $50,000 | Per payment plan |
| Registration Fee | ~3% | $1,500 | At registration |
| Lawyer Fee | ~1% | $500 | At contract signing |
| Power of Attorney (if needed) | Fixed | $150-300 | If buying remotely |
| Annual Property Tax | ~0.1% | $50/year | Annually |
| Maintenance/HOA Fee | Varies | $300-800/year | Annually |
| Total One-Time Costs | ~4-5% | $2,000-2,500 | At purchase |
Frequently Asked Questions
Can foreigners buy property in Egypt?
Yes! Foreigners can buy up to 2 properties in Egypt. The process is straightforward with proper legal support. MAMO Property handles all paperwork for international buyers.
Do I need to be in Egypt to buy?
No. You can buy remotely using a Power of Attorney (POA). MAMO Property assists with POA preparation and coordinates everything locally.
What payment plans are available?
Most developers offer flexible installment plans: typically 10-30% down payment with the balance over 2-5 years interest-free.
Is there capital gains tax?
Egypt has a 2.5% capital gains tax on property resale. This is paid by the seller at the time of resale.
Can I rent out my property?
Absolutely! MAMO Property manages rentals for property owners through rent.mamoproperty.com, generating 8-16% annual returns.
Get Expert Help
MAMO Property provides free cost analysis for any property you are considering:
- WhatsApp: +20 101 111 0457
- Email: inquiry@mamoproperty.com
- Our Services: View All Services
