The sea, the sun and real estate by the sea at affordable prices - this is what Hurghada is famous for. Do you want to know how to make a realy cheap price out of a reasonable? We will tell how to do it with specific examples.
It is not easy to get a loan in Egypt if you are the foreigner. Even if we speak about post-paid plans for you Egyptian mobile, that will not be activated till you make a deposit for your account. But if you are going to buy an apartment in Egypt, everything is changing. The vast majority of developers are ready to sell to any foreign apartment in installments without interest.
Who sells the flats in installments?
Almost every developer in Hurghada. You can buy an apartment in installments from a developer company:
1) in houses under construction, at different stages of the project;
2) in ready homes, which are partially inhabited, but several apartments still for sale.
In the first case, you win at a price, in the second have no risks, get keys and move in flat the same day after down payment.
What are the terms?
Most developers give installments without interest for a year. In some cases (usually in projects under construction) interest-free installments can be obtained for up to two years.
There are projects with installments of up to 5-7 years, but with interest that are charged on the balance.
Typically, if the initial payment is 50% or more, you immediately get the keys to the apartment and can start using it. Together with the keys you will receive a contract of sale with a payment schedule. And can register the counters in your name. Only taukil you can get after payment of the full amount.
How to buy an apartment in installments and stay in the black
If you are not going to move to Hurghada right now, start renting it out and recover the cost of furniture or reduce payments by installments. So you can afford to buy an apartment for several thousand more than your budget.
Let's say you have a budget of 13,000. And an apartment with furniture that you liked cost 16,000. You can, of course, wait till you have more money saved. But while that 3000 is accumulating, that apartment for 16000 will be sold.
You can choose another way. Buy better flat for 16000 in installments, put down 10,000 and order furniture for rest 3000, so you can start to rent out your apartment. Money you get from the rent you will give to pay installments.
Let’s count how to make your installments like 150$ per month
From the same example, you have already given 10,000 from 16,000. It remains to pay 6,000 during the year. It’s 1500 per quarter or 500 per month.
If you rent your apartment on a monthly basis (from $ 150 a month), you will have to pay you installments only 350 per month.
If you rent daily, it will be 15-25 dollars per studio per day. Approximately 20 days a month it will be occupied - it's already 300-400 dollars a month. So you will have to add $ 150 only.
What can I buy in installments today in Hurghada?
In the list, calculations are based on 50% down payment.
The available options are much larger than in this list. Write to us, and we will send you all possible apartments in installments from reliable developers suitable for you on
|Project name||apartment||price||installments||rental income|
|$8,400||$350 monthly||$200 monthly|
Siberian Tower 3
|$13191||$550 monthly||$300 monthly|
|$15881||$ 662 monthly||$ 200 monthly|
|$10900||$ 455 monthly||$ 340 monthly|
Contact us now to reserve an apartment in Hurghada at a super favorable price:
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