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Purchasing apartments and flats in Giza as a foreigner is streamlined through platforms like Global Properties with over 2,000 objects to fit various needs and preferences. With access to apartment listings in Giza, sourced directly from reliable real estate agents and developers, Global Properties ensures a diverse range of options and trustworthy transactions. To get started, browse through the available listings and open any advert that catches your interest in this town. Each listing offers detailed information, including characteristics, price, layout and a comprehensive description of the apartment. This enables potential buyers to thoroughly understand what each property offers without the need for initial physical viewing. Once you find an apartment that meets your criteria, you can directly contact the seller via phone or private messages to inquire further or initiate the purchasing process.
- Average selling price for an apartment in Giza, Egypt: USD 270,000;
- Average price per m2: USD 553;
- Minimum cost of an apartment in Giza: USD 180,000;
- Most expensive flat: USD 1,500,300;
- Over the past year, the average price has increased by 39.3%.
- Minimum size: 45 m²
- Average size of an apartment for sale in Giza: 98 m²
- The maximum floor area: 350 m²
Investing in real estate enables individuals to acquire residency in Egypt. A property purchase valued at USD 50,000 grants a 1-year residency permit. For larger investments of USD 100,000 and USD 200,000, the residency period extends to 3 and 5 years, respectively.
Apartments for sale in Giza
Giza, an ancient city with a rich history stretching back 5,000 years, holds a vital position in the Greater Cairo metropolis. Situated on the west bank of the Nile, it's connected to Cairo by several bridges, making it an accessible and desirable location for property investment. Giza's real estate market presents a wealth of opportunities, ranging from luxurious apartments in Egypt overlooking the Nile to more affordable options nestled in the vibrant heart of the city.
The city serves not only as a hub for industry, commerce and tourism but also as a cultural and educational epicentre, home to the Grand Egyptian Museum, Giza Zoo and Cairo University, among others. Its industrial significance is underscored by its role in Egypt's motion-picture industry and other sectors such as cement, iron products and textiles. Key industrial zones include Abo Rwash, the 6th of October Industrial Zone and Al Wahat.
Apartments in Giza for investment, particularly in areas like New Giza, boast modern amenities and come in a range of sizes and layouts, offering options such as duplexes and apartments with garden spaces.
With its blend of ancient wonders, modern amenities and a thriving cultural scene, Giza remains one of Egypt's most desirable locations for real estate investment.
Reasons for investing in an apartment in Giza
Investing in Giza's real estate offers a strategic opportunity for investors, highlighted by several compelling factors:
- Dynamic market growth: The Egyptian real estate market, particularly in Giza, is a part of a rapidly expanding sector in the MENA region. This growth is fuelled by population expansion, urbanisation and government support. With an expected growth rate of 10.96% between 2023 and 2028, projected to reach a market value of USD 30.34 billion by 2028, the investment prospects are significant;
- Diverse investment options: The market segments encompass residential, commercial, hospitality real estate and land, with Cairo, Alexandria and Giza serving as key investment locations. The government's development of new cities like New Cairo and the New Administrative Capital is particularly attracting real estate investments, especially from those who want to buy a flat in Giza;
- Luxury and resort market surge: There’s a notable increase in demand for luxury housing and properties in resort areas like the Red Sea resorts, driven by both local and foreign investors. Developments in various regions highlight this trend, with significant state investment in infrastructure enhancing the area's attractiveness;
- Robust project development: The real estate sector has recorded 522 ongoing projects worth USD 309.9 billion across Egypt, with a significant portion located in Giza. This development reflects steady momentum in property investments, emphasising Giza's role as a prime location for real estate projects;
- Rising property ownership: Triggered by currency devaluation and increases in construction costs, there's been a surge in demand for property ownership. Q1 2023 data showed a 30% increase in average asking apartment prices in Giza and a 25% rise for villas in Egypt compared to Q1 2022;
- Investment incentives: The Egyptian government offers numerous incentives for foreign investors, including tax breaks and streamlined investment procedures. Coupled with the country's strong economic growth, Egypt presents a welcoming investment climate.
While risks are inherent in any investment, the upward trajectory of Giza's real estate market, supported by robust growth indicators and government initiatives, paints a positive outlook for potential investors.
Buying an apartment in Giza
When buying an apartment in Giza, Egypt, foreigners should consider the following key insights:
- Ownership restrictions: Foreigners encounter specific limitations, especially regarding ownership of agricultural land;
- Government clearance: Foreign buyers need to ensure the property isn't located in a restricted area;
- Residency through investment: Purchasing property in Egypt may lead to temporary residency, contingent on meeting minimum investment thresholds;
- Legal guidance: It’s advisable to hire a local lawyer to assist in navigating contract details and conducting property title checks;
- Taxes and fees: The process entails specific transfer taxes and stamp duties, with particular rates applicable.
Investing in Giza not only enables diversification of assets but also promises a high return on investment (ROI) thanks to the region's economic dynamism, government support and the burgeoning luxury and tourism sectors.
Our platform streamlines your property search by aggregating over 2,000 flats for sale in Giza from top developers and trusted agencies. With user-friendly search filters, a currency converter, direct access to sales specialists, multi-language support and real-time price updates, finding your next investment is simplified. We ensure our listings are up to date through daily manual and automated updates, consolidating data from diverse agency and developer websites.