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Home»Society»The most affordable real estate abroad is in Egypt

The most affordable real estate abroad is in Egypt

January 30, 2019

Tourism and rest abroad in recent years have become very popular among Russians. Especially attractive such exotic countries as Egypt, Thailand, Türkiye, Spain. The opportunity at any time of the year to enjoy the hot sun and the warm sea, to get a lot of unforgettable impressions entails a large number of tourists there.

Someone turns to travel agencies to purchase a ticket, someone more likes independently organized trips. And those who allow financial opportunities dream of acquiring real estate in the resort areas of these countries. You can, having significant funds, buy new housing or rent apartments for the time of rest, but if there is not much money, you should pay attention to the secondary housing market. If you purchase an old apartment and, for example, make real estate repairs in Spain or another country, you can get a pretty decent result for not too much money.

Having invested in the purchase of an apartment in one of the countries popular for relaxation, you can not only receive income in the future, leasing it, but also the owner with his family with comfort every year to spend their vacation there. The lowest (compared to other popular countries) are considered real estate prices in Egypt. For example, in Hurghada for 100 thousand. $ you can purchase quite decent housing – premium apartments (50 m2). The capital of the country is also attractive in this regard. Now Cairo is growing rapidly due to the construction of new residential buildings. It was planned to sell about 350 houses there, and almost twice as many were sold – 600.

The popularity of Egyptian resorts increases annually, the influx of tourists is increasing, so investment in real estate is a very profitable option. Now prices for it are gradually reduced. Russians began to buy housing in Egypt around 2003, real estate in the country reached the peak of sales in 2010, when it began to occupy third place in the world after Bulgaria and Montenegro.

The most popular and attractive for the acquisition of real estate has become Hurghada tourists. Fairy -tale reefs, colorful underwater world, excellent diving attract many Russians and travelers from other countries onto the Red Sea. Almost 14 thousand tourists from Russia purchased housing there.

The opportunity at any moment to visit your house on the coast and be there as much time as you want is the dream of many who come to this country. And if it was able to bring it to life, and even with the chance to receive dividends from this acquisition, what could be better? Sea, Sun, exotic, numerous attractions of Egypt and own real estate – this is the key to a full and wonderful vacation.

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