Is it safe to buy property in Hurghada?
Is it safe to buy property in Hurghada? In short, YES. If done the right way. When you are buying a property in Hurghada, like all around the World, there are scams and pitfalls to look out for.
In order to purchase a property you will need to hold a residence visa. Warning - owning a property in Egypt does not guarantee you a residence or visit visa. The Egyptian immigration authorities can revoke or refuse to renew your visa at any time
Mortgages for foreign nationals
Mortgages are rare in Egypt, though there is no bar to foreigners having one. Some developers may offer you loans of their own, but check the conditions and interest rates carefully if you take this option, and engage independent legal advice.
