Real Estate in Alexandria, Egypt
Last updated on Oct 15, 2024
Summary: The average cost of a nice 2 bedroom home in Alexandria, Egypt is around $100,000 USD. A nice 3 bedroom home in Alexandria is around $150,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and modern appliances. There are no restrictions on foreign ownership for properties in Alexandria. An expat should search for a home to buy in Alexandria by researching the local real estate market, visiting the area, and speaking with local real estate agents. The most desirable neighborhoods in Alexandria include El-Max, El-Montazah, and El-Raml. These areas are known for their high-end properties, modern amenities, and close proximity to the city center.
How do I find a place to live in Alexandria?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Alexandria is to search online for rental listings. There are many websites that offer listings for apartments, houses, and other types of rental properties in Alexandria. Additionally, you can also search for real estate agents in the area who can help you find a suitable place to live. Additionally, you can also ask friends and family who live in Alexandria for recommendations on where to look for a place to live," said one expat who made the move to Alexandria.
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What is a typical expat home or apartment like in Alexandria?
"Expat homes and apartments in Alexandria are typically modern and spacious, with large windows that let in plenty of natural light. Many of the apartments have balconies that offer stunning views of the Mediterranean Sea. Expats can also find apartments with amenities such as air conditioning, swimming pools, and gyms. The city is known for its vibrant nightlife, so many expats choose to live in the city center, close to restaurants, bars, and other entertainment venues," explained one person living in Alexandria, Egypt.
What is the average cost of housing in Alexandria?
If you are thinking about moving to Alexandria, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Alexandria varies depending on the area and type of property. Generally, the cost of renting an apartment in Alexandria is relatively affordable compared to other cities in Egypt. Prices range from around 500 Egyptian Pounds (EGP) per month for a basic studio apartment to around 3,000 EGP per month for a larger, more luxurious apartment," said one expat who made the move to Alexandria.
Should I buy or rent a home in Alexandria?
If you have not spent a lot of time in Alexandria, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Alexandria can be a great investment. The city is known for its vibrant culture, beautiful beaches, and rich history. It is also a great place to live, with plenty of amenities and a low cost of living. However, it is important to consider the pros and cons of both buying and renting before making a decision. Buying a home in Alexandria can provide stability and the potential for long-term appreciation, but it also requires a large upfront investment. Renting a home in Alexandria can be more affordable in the short-term, but it does not provide the same potential for long-term appreciation. Ultimately, the decision to buy or rent a home in Alexandria should be based on your individual needs and financial situation," said one person in Alexandria.
What do I need to know when buying property in Alexandria?
When we asked expats what advice they would give a foreigner before buying a property in Alexandria, they said:
"It is important to be aware of the legal requirements associated with buying property in Alexandria. Hiring a reputable real estate agent and lawyer is recommended for navigating the process. It is advisable to evaluate the condition of the property and to acquire a valid title deed as proof of ownership. Working with an architect or home inspector can help to understand any renovations or repairs that may be needed. Additionally, it is important to be aware of any taxes or fees that may need to be paid. Finally, it is essential to make sure to obtain a certificate of occupancy to legally reside in the property," explained one person living in Alexandria, Egypt.
Are foreigners allowed to own property in Alexandria?
When we asked expats what advice they would give a foreigner before buying a property in Alexandria, they said...
"Yes, foreigners are allowed to own property in Alexandria. However, there are certain restrictions and regulations that they must follow. Foreigners can purchase a maximum of two properties for residential purposes, and the total area of these properties should not exceed 4,000 square meters. Additionally, the property must be registered with the local authorities, and the foreign buyer must obtain a security clearance from the Egyptian government. It is also important to note that foreigners cannot purchase agricultural land or property located in strategic areas, such as military zones," remarked one foreigner who made the move to Alexandria.
What appliances are typically included in a rental?
We asked foreigners in Alexandria what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Alexandria, many rental homes typically come with appliances such as a refrigerator, a washing machine, and a stove or oven. In addition, some rental properties may also include air conditioning units and even a water heater. Depending on the rental property, furniture may also be included," explained one person living in Alexandria, Egypt.
Additional Information about Searching for a Home in Alexandria:
We asked foreigners in Alexandria what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Alexandria, often begin by browsing online property listings on websites such as OLX, Property Finder, and Expat.com. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have experience living in Alexandria. Additionally, expats can consult with local real estate agents who are familiar with the area and can help them find suitable housing options. Some expats may also rely on word of mouth and personal connections to find housing opportunities in the city. It is also common for expats to visit neighborhoods in person to explore the area and look for rental signs or contact information for property owners," wrote one expat who made the move to Alexandria.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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