Real Estate in Cairo, Egypt
Last updated on Nov 05, 2024
Summary: The average cost of a nice 2 bedroom home in Cairo, Egypt is around $100,000 USD. These properties typically include a living room, kitchen, two bedrooms, and one or two bathrooms. Amenities may include air conditioning, a balcony, and a parking space. The average cost of a nice 3 bedroom home in Cairo is around $150,000 USD. These properties typically include a living room, kitchen, three bedrooms, and two bathrooms. Amenities may include air conditioning, a balcony, and a parking space. Foreigners are allowed to own property in Cairo, but there are restrictions on the type of property that can be purchased. For example, foreigners are not allowed to own land or agricultural property. The best way for an expat to search for a home to buy in Cairo is to use a real estate agent or a property search website. These websites will allow you to search for properties based on your budget, location, and other criteria. The most desirable neighborhoods in Cairo are Maadi, Heliopolis, Zamalek, and New Cairo. These areas are known for their high-end properties, excellent amenities, and close proximity to the city center.
How do I find a place to live in Cairo?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Cairo can be a daunting task. It is important to research the different neighborhoods and areas of the city to determine which one best suits your needs. You can start by looking online for rental listings, or by asking friends and family who live in the area for recommendations. Additionally, you can contact local real estate agents who specialize in the Cairo area to help you find the perfect place. Once you have narrowed down your search, it is important to visit the area in person to get a better feel for the neighborhood and to ensure that the property meets your expectations," explained one person living in Cairo, Egypt.
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What is a typical expat home or apartment like in Cairo?
"Expat homes and apartments in Cairo tend to be modern and comfortable, with amenities such as air conditioning, satellite TV, and internet access. Many expats choose to live in compounds, which are gated communities with shared amenities such as pools, gyms, and playgrounds. These compounds often have 24-hour security and are located in more affluent areas of the city. Expat apartments in Cairo tend to be spacious and well-furnished, with balconies or terraces offering views of the city," remarked one foreigner who made the move to Cairo.
What is the average cost of housing in Cairo?
If you are thinking about moving to Cairo, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Cairo varies greatly depending on the area and type of accommodation. Generally, renting an apartment in the city center can cost anywhere from $200 to $1,000 per month, while renting a house in the suburbs can cost anywhere from $400 to $2,000 per month. Prices for furnished apartments and villas can be significantly higher," said one expat in Cairo.
Should I buy or rent a home in Cairo?
If you have not spent a lot of time in Cairo, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"When deciding whether to buy or rent a home in Cairo, it is important to consider the cost of living, the availability of housing, and the local economy. Buying a home in Cairo can be a great investment, as property values tend to appreciate over time. However, it is important to consider the cost of purchasing a home, as well as the cost of maintenance and upkeep. Renting a home in Cairo can be a more affordable option, as it does not require a large upfront investment. Additionally, renting can provide more flexibility, as it is easier to move if needed. Ultimately, the decision to buy or rent a home in Cairo should be based on individual needs and preferences," said one expat in Cairo.
What do I need to know when buying property in Cairo?
When we asked expats what advice they would give a foreigner before buying a property in Cairo, they said:
"1. It is important to research the area you are looking to buy in, as some areas may be more desirable than others. 2. Make sure to hire a reputable lawyer to help you with the legal aspects of the purchase. 3. Be aware of the different taxes and fees associated with buying property in Cairo, such as the stamp duty and registration fees. 4. Consider the cost of living in the area, as this can have an impact on your budget. 5. Make sure to inspect the property thoroughly before making a purchase, as there may be hidden defects or problems that need to be addressed. 6. Be aware of the local laws and regulations regarding property ownership in Cairo. 7. Consider the availability of public transportation and other amenities in the area. 8. Make sure to get a title deed for the property, as this will provide proof of ownership," said one person in Cairo.
Are foreigners allowed to own property in Cairo?
When we asked expats what advice they would give a foreigner before buying a property in Cairo, they said...
"Yes, foreigners are allowed to own property in Cairo. 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 the properties should not exceed 4,000 square meters. Additionally, the property must be used for personal residence and cannot be rented out or used for commercial purposes. Foreigners are also required to obtain a permit from the Egyptian government before purchasing the property, and the process can take several months. It is also important to note that foreigners cannot own agricultural land or property in certain strategic locations, such as border areas," explained one person living in Cairo, Egypt.
What appliances are typically included in a rental?
We asked foreigners in Cairo 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 a rental property in Cairo, tenants can typically expect to find a refrigerator, stove, oven, washing machine, and air conditioning unit. Additionally, some properties may also include a dishwasher, microwave, and water heater," explained one person living in Cairo, Egypt.
Additional Information about Searching for a Home in Cairo:
We asked foreigners in Cairo 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 Cairo, often begin by researching online through various property websites and social media groups dedicated to housing in Cairo. They may also seek recommendations from fellow expats, friends, or colleagues who have experience living in the city. Additionally, expats may choose to work with a local real estate agent who can help them navigate the housing market and find a suitable home that meets their needs and preferences. Some expats may also explore popular neighborhoods in Cairo, such as Maadi, Zamalek, or New Cairo, to get a feel for the area and identify potential housing options. Finally, expats may consult with their employer or relocation company, if applicable, for assistance in finding a suitable home in Cairo," remarked one foreigner who made the move to Cairo.
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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